How Big is the Essential Oil Market | Forecast & Growth 2031

Q: What is the projected valuation of the essential oil market by 2031?

The essential oil market is expected to surpass USD 14.1 billion by 2031, driven by rising demand for natural ingredients and wellness-based products.

Q: What dynamics are influencing the essential oil market?

Growing use in lifestyle products, rising aromatherapy popularity, and preference for natural alternatives are transforming the market landscape.

Q: How is the essential oil market adapting to modern consumer needs?

The market is embracing sustainability, transparency, and multifunctionality in product offerings to cater to informed and health-focused buyers.

Q: Which distribution channels are fueling the essential oil market?

Online retail, direct selling models, and specialty health stores are contributing significantly to the market’s accessibility and visibility.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6623

Publication Date: Jul 2025

How Big is the Essential Oil Market?

According to 6Wresearch internal database and industry insights, the Global Essential Oil Market was valued at USD 8.7 Billion in 2024 and is expected to reach USD 14.1 Billion by 2031, growing at a CAGR of 9.20% during the forecast period

This expansion is fuelled by rising consumer preference for natural wellness solutions, aromatherapy use in healthcare, and demand from the food and cosmetics industries.

Growth Factors of the Essential Oil Market

Growing demand for natural and organic ingredients in cosmetics and food
Increasing utilization of essential oils in therapeutic and aromatherapy uses
Growth in disposable income has led to increased demand for premium lifestyle products
Growth in wellness tourism and spa culture is expanding into urban markets
Growth in herbal product awareness in health-centric consumers
Regulatory drivers for clean label/natural products in retail

Essential Oil Market Trends

The essential oil market is experiencing considerable traction in wellness, skincare and household products. Companies are starting to explore rare plant oils to provide exclusive blends. Demand for ethically sourced and cruelty-free oils are expanding. E-commerce sales channels are becoming newfound revenue growth opportunities.

Emerging Developments in the Essential Oil Market

The essential oil market is currently seeing innovations, like nano-encapsulation, with controlled release in skincare and food. Forestry developments, on-land vertical farming of botanicals, AI formulations, and eco-certified packaging are revolutionizing the industry. Collaborations with pharma companies, FMCG and other industries are also increasing.