Global essential oils market demand 2018-2025

Essential oils are oils that contain the “essence” of a plant, such as its aroma or flavor. The global demand for essential oils is expected to increase dramatically between 2018 and 2025; from around 226.9 kilotons to 404.2 kilotons.

Popular Essential Oils

Essential oils are primarily used for aromatherapy, though some varieties such as tea tree oil have been touted as a home remedy for a variety of different ailments from acne to dandruff. Tea tree oil makes up 36 percent of the global essential oil market, more than any other type of essential oil. Another popular variety, lavender oil, is also expected to grow in market value over time.

> Essential Oil Trade

In 2017, France was the leading exporter of essential oils and resinoids worldwide, with an export value of around 17.76 billion U.S. dollars. The top two importers of essential oils in that year were Lebanon and the United States, with import values of 13.75 and 13.54 billion U.S. dollars respectively. In addition to being a major importer of essential oils, the United States was a major producer and exporter of essential oils and resinoids.