Essential Oils Market Size, Share & Industry Analysis

The global essential oils market size was valued at USD 26.11 billion in 2024, grew to USD 28.49 billion in 2025, and is expected to hit around USD 62.44 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.11% over the forecast period from 2025 to 2034. The growing consumer preference for natural products is the key factor driving market growth. Also, growing awareness regarding the therapeutic benefits of essential oils, coupled with the advancements in extraction technologies, can fuel market growth further.

Key Takeaways 

• By region, the Asia Pacific dominated the market with approximately 34% share in 2024. The dominance of the region can be attributed to the surge in health and wellness awareness, along with the supportive government policies in major countries.
• By region, Europe is expected to grow at the fastest CAGR over the forecast period. The growth of the region can be credited to the strong presence of various market players and the very easy availability of feedstock.
• By product type, the single oils segment dominated the market with approximately 70% share in 2024. The dominance of the segment can be attributed to the growing consumer demand for organic, natural, and chemical-free products.
• By product type, the blended oils segment is expected to grow at the fastest CAGR over the forecast period. The growth of the segment can be credited to the growing preference for convenient and ready-to-use solutions.
• By botanical source, the citrus

Essential Oils Market Size, Share, Trends & Growth Report, 2034