Essential Oil Supplements Market Size by Nature, Product Type, Distribution Channel, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
The Essential Oil Supplements Market size was valued at USD 22.81 Billion in 2023 and the total Essential Oil Supplements revenue is expected to grow at a CAGR of 5.8% from 2024 to 2030, reaching nearly USD 33.85 Billion.
Global Essential Oil Supplements Market Overview:
Essential Oil Supplements are supplementary and dietary food products made by using extracts of herbs and plants. The presence of medicinal and nutritive properties in plants and herbs are used in the form of essential oil to manufacture supplementary food products. Essential Oil Supplements possess all nutrient contents of herbs and plants and provide medicinal supplements required to maintain and improve health. Essential Oil Supplements perform the work of food products as well as medicines.
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The presence of different minerals, antioxidant, anti-inflammatory, anti-bacterial, and anti-viral properties has increased the use of Essential Oil Supplements on a global level. Essential Oil Supplements provide a low-cost, safe, and natural medium to treat digestion, heart, immunity, and mental health-related issues. Increased preference for plant-based and herbal products has resulted in increased demand for Essential Oil Supplements. The presence of nutritive and medicinal properties, rising health concerns, natural form, and an increase in the number of people suffering from deadly diseases has resulted in a boom in the Global Essential Oil Supplements Market.
Global Essential Oil Supplements Market Dynamics:
Essential Oil Supplements are made by using herb and plant-based extracts as their prime components. The presence of different nutritional elements like minerals, calcium, and magnesium has resulted in increased consumption of Essential Oil Supplements by people following a rigorous diet schedule. Increased preference for the consumption of plant-based nutraceuticals has resulted in a rise in demand for Essential Oil Supplements.
A report by Xuesheng Han and others published in July 2017 by the Journal of Dietary Supplements states that the research done on 16 people with an average age of 42 years for the span of 90 days state that regular consumption of Essential Oil Supplements for 2 month period resulted in positive effects on outcomes associated with cardiovascular health, antioxidant status, inflammation, and blood glucose level. This report has given scientific validation for the use of Essential Oil Supplements to resolve different health-related issues.
An increase in the regulatory policies to reduce the consumption of synthetic food products and supplements in Europe has resulted in an increased preference for plant-based food products, beverages, and nutraceuticals. The rise in the number of media campaigns related to environmental causes in Europe has resulted in a reduction in the number of synthetic food producers and a steady rise in the businesses dealing in natural and plant-based products. This has opened doors for a newly formed market in Europe.
Essential Oil Supplements do the work of medicines that are used to provide an external dosage of the essential nutrient. The presence of high nutrient content and medicinal properties has resulted in increased consumption of Essential Oil Supplements on a regular scale instead of medicines.
In October 2018, Great Eagle Inc. launched a range of Essential Oil Supplementary products for women and children. This range consists of Bone strengthening supplements for women and gummy beat candies for children.
Increased preference for natural food products acts as the major driving factor for the growth of the Global Essential Oil Supplements Market.
Restraints:
The high price of organic Essential Oil Supplements is the major restraining factor here.
Global Essential Oil Supplements Market Segment Analysis:
The Global Essential Oil Supplements is segmented on the basis of
By Nature, It is observed that Essential Oil Supplements made by using organic products have observed an increase of 6.1% in sales in the year 2023. The rising demand for low-cost supplements has resulted in a 1.7% increase in the use of synthetic additives in manufacturing Essential Oil Supplements.
By Product Type, It is observed that increased demand for plant-based products to treat obesity and control weight has resulted in a 1.3% increase in the use of Essential Oil Supplements by the Healthcare sector for weight management. Increased awareness campaigns related to women’s and children’s health have resulted in a 2.3% increase in consumption of Essential Oil Supplements made for them.
An increase in the number of people suffering from digestion-related issues has resulted in a 1.2% increase in demand for Digestive Supplements made by using Essential Oil. Increased demand for products made by using Essential Oil to treat different health-related issues has resulted in a 1.7% increase in demand for Specialized Supplements. The rising health concerns by people from all age groups have resulted in an increase of 2.6% in consumption of Essential Oil Supplements regularly. Different Types of Essential Oil Supplements are consumed by people as per need.
By Distribution Channels, Specialty Stores dealing in plant-based products that are part of the unorganized sector have observed a growth of 3.1% in sales of Essential Oil Supplements. Supermarkets and Convenience Stores that are part of the organized sector in the US and Europe have observed a growth of 3.3% in demand for Essential Oil Supplements. An increase in the use of the internet for purchasing medicine and food products has resulted in a 6.5% increase in the number of people purchasing Essential Oil Supplements through different online shopping platforms.
It is observed that Specialty stores dealing in supplementary and dietary food products that come under the organized sector have observed a growth of 1.7% in sales of Essential Oil Supplements. Supermarkets that are part of the organized sector have observed a growth of 1.3% in demand for Essential Oil Supplements in the US and Europe. Convenience Stores that come under the unorganized sector have observed a growth of 2.1% in demand for Essential Oil Supplements.
Pharmacies dealing in supplementary food products that come under the organized sector have observed a growth of 2.3% in demand for Essential Oil Supplements. The presence of a large number of products by different brands and features like doorstep delivery has resulted in a 5.5% increase in the sales of Essential Oil Supplements through different E-Commerce platforms. Different mediums dealing in supplements are visited by people for purchasing Essential Oil Supplements.
Global Essential Oil Supplements Market Regional Insights
Region-wise, North America is the biggest consumer of Essential Oil Supplements. Increased preference for herb and plant-based nutraceuticals has resulted in a 3.5% increase in the consumption of Essential Oil Supplements in North America. An increase in the number of people suffering from diseases has resulted in a 2.7% increase in the use of Essential Oil Supplements by the healthcare sector present in this region.
An increase in pollution and different health-related issues has resulted in a 3.1% increase in the consumption of Essential Oil Supplements by people in Europe. The ever-rising population and increased health awareness have resulted in a 1.8% increase in the consumption of Essential Oil Supplements in the Asia-Pacific.
South America is showing a stagnant growth rate in the range of 1.6-2% from the last 5 years, the reason for which is the lack of awareness related to the use of essential oil in supplementary and dietary food products. The Middle East and Africa’s Market is showing a low growth rate which is concentrated in countries like Israel, Qatar, and Nigeria.
The objective of the report is to present a comprehensive analysis of the global Essential Oil Supplements market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Essential Oil Supplements market dynamics, structure by analyzing the market segments and Project the global Essential Oil Supplements market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Essential Oil Supplements market make the report investor’s guide.
Global Essential Oil Supplements Market Scope: Inquire before buying
| Global Essential Oil Supplements Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 22.81 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 5.8% | Market Size in 2030: | USD 33.85 Bn. |
| Segments Covered: | by Nature | Organic Conventional |
|
| by Product Type | Weight Management Women’s Supplements Children’s Supplements Digestive Supplements Specialized Supplements Daily Vitality Supplements Others |
||
| by Distribution Channel | Supermarket Convenience Store Specialty Store Pharmacies E-Commerce Others |
||
Global Essential Oil Supplements Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Essential Oil Supplements Market, Key Players
1. Australian Organic Products Pty Ltd.
2. DailyVita
3. doTERRA International LLC
4. KB Productive LLC
5. Great Eagle Inc.
6. Nutrican Inc.
7. AKVION, JSC
8. ALGOVITAL
9. BIOBRAINE
10.Schreiber Essenzen GmbH & Co. KG
11.NATURAYUVA
12.Green Life Green World KRATOM
13.You Chain Group
14.Shanghai Better Industry Co., Ltd.
15.Novel Nutrients Pvt. Ltd.
16.Global Merchants
FAQ
1] What segments are covered in the Global Essential Oil Supplements Market report?
Ans. The segments covered in the Global Essential Oil Supplements Market report are based on Nature, Product Type, Distribution Channel.
2] Which region is expected to hold the highest share in the Global Essential Oil Supplements Market?
Ans. North America region is expected to hold the highest share in the Global Essential Oil Supplements Market.
3] What is the market size of the Global Essential Oil Supplements Market by 2030?
Ans. The market size of the Global Essential Oil Supplements Market by 2030 is expected to reach USD 33.85 Bn.
4] What is the forecast period for the Global Essential Oil Supplements Market?
Ans. The forecast period for the Global Essential Oil Supplements Market is 2024-2030.
5] What was the Global Essential Oil Supplements Market size in 2023?
Ans: The Global Essential Oil Supplements Market size was USD 22.81 Billion in 2023.
