Herb Oil Market

Global Herb Oil Market Analysis and Opportunity Assessment by Product Type, Application, Extraction, Sales Channel, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 1,392.2 Mn between 2022 and 2032

Category: Food & Beverages

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ID: CVC-00340

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Format: PDF+Excel Dataset

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Published Date: October 2022

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Pages: 300

Herb Oil Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Herb Oil Market grew at a CAGR of 5.4% between 2017-2021 and is estimated to be US$ 1879.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.7% and is expected to reach a valuation of US$ 3,271.5 Mn by 2032 end.

Both herbaceous and non-woody plants have leaves from which herbs can be harvested. The liquid extracts of hydrophobic plants are called essential oils, also referred to as herb or herbal oils. These oils are frequently employed in complementary and alternative medicine, including aromatherapy.

The cosmetic and personal care industries, where herb oils are used to create perfumes, soaps, and other goods, as well as flavor a range of foods and beverages, are other uses for herb oils that support the expansion of the industry. The use of synthetic pesticides could be reduced if these oils work as natural insecticides. Demand for herbal products and complementary therapies has increased, suggesting that these products are becoming more well-liked.

Market Dynamic

THE  DEMAND FOR NATURAL PRODUCTS SURGING GROWTH OF HERB OIL MARKET

Due to changing consumer lifestyles, various variables increased knowledge of the advantages of natural products, consumer attention to their health and wellness, and millennial trends; today’s consumers are very knowledgeable and carefully weigh all of their available options before making a purchase. Consumer purchasing is mostly driven by the ingredients used in products, the technology used, and the manufacturing process.

The leading market participants focus on providing products free of additives and genetically modified organisms (GMOs) due to changing consumer lifestyles brought on by the growth of digital media and constant internet pop-ups.

HEALTH RISKS REALTED WITH TOO MUCH USE HAMPER MARKET

Herbal oils should only be used sparingly because overuse can be harmful to your health. Certain users, including those who are pregnant, have young children, or have certain medical issues should not use it. As a result, to some extent, it can serve as a market restraint.

ESSENTIAL OIL PRODUCTION LEADING TO INCREASING DEMAND FOR HERB OIL

Shortly, it is projected that the global market for essential oils will expand steadily, increasing demand for herb oil. Some key factors fueling the need for the herb oil market include the shift toward preventative healthcare and consumers’ higher standards of living.

France and Germany, in particular, are big exporters of essential oils from the European continent. United States, India, and Brazil are the other nations contributing to the overall expansion of the worldwide herb oil market, in addition to the EU nations.

Covid-19 Impact

In early 2020, COVID-19 spread worldwide, infecting millions of people and forcing major nations to enact work stoppage and foot restrictions. The bulk of industries has been severely hit, except for medical supplies and life support equipment. The herb oil industry has also taken a beating. Because of the pandemic, businesses report major delays in getting the necessary basic supplies. This has made inventory management extremely challenging for producers. The COVID-19 lockdown limitations and staffing constraints caused a decrease in Herb Oil production and sales.

Herb Oil Market

Market Segments Covered in Report

By Product Type:

  • Basil
  • Mint
  • Thyme
  • Dill
  • Other Herbs

By Application:

  • Personal Care and Cosmetic
  • Food & Beverage
  • Pharmaceutical
  • Aromatherapy
  • Industrial
  • Other Application

By Extraction:

  • Distillation
  • Solvent Extraction
  • Cold Pressing
  • Other Extraction Method

By Sales Channel:

  • Specialty Store
  • Modern Trade
  • Drug Stores
  • Online Store
  • Other Sales Channel

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Food & Beverage estimated to account for the largest market share?

Natural preservatives are more expensive and are used less frequently than artificial preservatives, such as sodium benzoate, nitrate, and propionate. On the other hand, manufacturers are now searching for natural preservatives, like herb oils, to keep manufactured foods fresh. This can be due to customers’ growing desire for natural products.

Which Extraction segment is expected to expand the fastest during the forecast period?

The distillation segment is expected to expand the fastest during the forecast period.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • Due to rising disposable income and changing lifestyles, the European market is anticipated to grow at the fastest rate and with the greatest CAGR, with a market share of 34.6%.

Competition Analysis

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for essential oil worldwide, market players in the Herb Oil market can anticipate attractive growth prospects in the future.

A list of some of the key suppliers present in the market are:

  • Symrise AG
  • Young Living Essential Oils LC
  • Givaudan SA
  • Biolandes SAS
  • International Flavors & Fragrances Inc.
  • Enio Bonchev Production Ltd.
  • DoTERRA International LLC
  • China Flavors and Fragrances Company Limited
  • The Lebermuth Company
  • Citrus and Allied Essences Ltd.

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Product Type, Application, Extraction, Sales Channel, Region,  and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

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Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.7%.

The rise in demand for natural products surged the growth of herb oil.

Major global Herb Oil Market players are Symrise AG, Young Living Essential Oils LC, Givaudan SA, Biolandes SAS, International Flavors & Fragrances Inc., Enio Bonchev Production Ltd., DoTERRA International LLC, China Flavors and Fragrances Company Limited, The Lebermuth Company, Citrus, and Allied Essences Ltd.

Herbal oils should be used moderately as using too much can carry health risks.

Europe is expected to account for the largest market revenue share in the Global Herb Oil market.

  1. Executive Summary
    • Global Market Snapshot
    • Key Success Factors
    • Strategic Analysis and Recommendations
  2. Market Overview
    • Market Taxonomy
    • Market Definitions
  3. Research Methodology
    • Preliminary Investigation & Research Design
    • Secondary Research & Primary Research
    • Data Analysis & Econometric Modelling
    • Expert Data Validation
  4. Key Emerging Trends Analysis
    • Supply-Side Trends
    • Demand-Side Trends
  5. Global Herb Oil Market Value (US$ Mn) and Volume (Tons) Analysis
    • Global Market Value (US$ Mn) Analysis, 2017 – 2032
    • Incremental $ Opportunity Index, 2022-2032
    • Global Market Volume (Tons) Analysis, 2017 – 2032
  6. Global Herb Oil Market Pricing Analysis
    • Regional Level Pricing Analysis and Forecast
      • Manufacturers Level Pricing
      • Distributor Level Pricing
    • Global Pricing Analysis Benchmark
    • Cost Breakdown Analysis
  7. Cross-Sectional Analysis
    • Cross Analysis of Product Type W.R.T. Application Product Type
  8. Supply Vs. Demand Analysis
    • Regional Supply Vs. Demand Gap Assessment
    • Top Producing Countries Analysis
  9. Market Background
    • Macroeconomic Factors
    • Forecast Factors
    • Market Dynamics
      • Driver
      • Restraint
      • Opportunity
    • Supply Chain Analysis
      • List Raw Product Type Suppliers
      • List of Manufacturers
      • List of Distributors
      • List of Applications
      • Applications Consumption Analysis
      • Average Profitability Margin Analysis
    • Covid-19 Impact Assessment
      • Economy/Cluster Projections
      • Covid-19 Economic Assessment
      • Impact on Target Market
      • Recovery Scenario
    • Regulatory Framework
      • Regulations of Key Countries
      • Potential Impact of Regulations
    • Porter’s Five Forces Analysis
    • Extraction Landscape
  10. Global Herb Oil Market 2017 – 2032 by Product Type
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Product Type [Value (US$ Mn) and Volume (Tons) Analysis]
      • Basil
      • Mint
      • Thyme
      • Dill
      • Other Herbs
    • Market Attractiveness Analysis by Product Type
  11. Global Herb Oil Market 2017 – 2032 by Application
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]
      • Personal Care and Cosmetic
      • Food & Beverage
      • Pharmaceutical
      • Aromatherapy
      • Industrial
      • Other Application
    • Market Attractiveness Analysis by Application
  12. Global Herb Oil Market 2017 – 2032 by Extraction
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Extraction [Value (US$ Mn) and Volume (Tons) Analysis]
      • Distillation
      • Solvent Extraction
      • Cold Pressing
      • Other Extraction Method
    • Market Attractiveness Analysis by Extraction
  13. Global Herb Oil Market 2017 – 2032 by Sales Channel
    • Introduction
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Sales Channel [Value (US$ Mn) and Volume (Tons) Analysis]
      • Specialty Store
      • Modern Trade
      • Drug Stores
      • Online Store
      • Other Sales Channel
    • Market Attractiveness Analysis by Sales Channel
  14. Global Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032 by Region
    • Introduction
    • Key Market Trends
    • Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East
      • Africa
    • Market Attractiveness Analysis by Region
  15. North America Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2022-2033
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • U.S.
        • Canada
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  1. Latin America Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Brazil
        • Mexico
        • Rest of Latin America
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  1. Europe Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Germany
        • Italy
        • France
        • UK
        • Spain
        • Netherlands
        • Norway
        • Russia
        • Rest of Europe
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  1. Asia-Pacific Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • China
        • Japan
        • South Korea
        • India
        • Indonesia
        • Thailand
        • Vietnam
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  1. Middle East Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • Saudi Arabia
        • Turkey
        • U.A.E.
        • Rest of the Middle East
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  1. Africa Herb Oil Market Historical Analysis 2017 – 2021 and Forecast 2017 – 2032
    • Introduction
    • Key Market Trends
    • Pricing Analysis
    • Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]
      • By Country
        • South Africa
        • Nigeria
        • Egypt
        • Rest of Africa
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
    • Market Attractiveness Analysis
      • By Country
      • By Product Type
      • By Application
      • By Extraction
      • By Sales Channel
  2. Competition Analysis
    • Tier Structure Breakdown
    • Market Share Analysis
    • Application Capacity Analysis
    • Company Footprint Analysis
      • Application Footprint of Players
      • Regional Footprint of Players
      • Channel Footprint of Players
    • Brand Preference Analysis
    • Competition Dashboard
  3. Company Profiles
    • Symrise AG
      • Company Overview
      • Application & Financial Portfolio
      • Application Facilities
      • Recent Developments
      • SWOT Analysis
      • Strategy Overview
    • Young Living Essential Oils LC
    • Givaudan SA
    • Biolandes SAS
    • International Flavors & Fragrances Inc.
    • Enio Bonchev Production Ltd.
    • DoTERRA International LLC
    • China Flavors and Fragrances Company Limited
    • The Lebermuth Company
    • and Citrus and Allied Essences Ltd.
  4. Assumptions and Acronyms

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