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Lavender Oil Market

Global Market Study on Lavender Oil: Rising Awareness about Benefits of Lavender Oils on Human Health to Gain Momentum in the Upcoming Years

Lavender Oil Market Segmented By Absolutes, Concentrates, Blends Form in Therapeutics, Personal Care, Cosmetics, Aromatherapy, Food and Beverages

Lavender Oil Market Outlook (2023-2033)

The market for lavender oil can be expected to expand at a value based CAGR of 6.3% and show an increase in revenue from US$ 109.4 Mn to around US$ 201.6 Mn by 2032.

Lavender Oil Market Size (2023E)

US$ 109.4 Mn

Projected Sales of Lavender Oil (2033F)

US$ 201.6 Mn

Value CAGR (2023-2033)

6.3%

Value Share of Top 4 Countries (2022E)

32.7%

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Lavender Oil Consumption Analysis (2017-2022) Vs. Market Estimations (2023-2033)

The global lavender oil market has witnessed significant growth in the historical period registering a CAGR of 5.4% in the historical period and was valued at US$ 109.4 Mn in 2023. The market is expected to grow steadily with increasing awareness about benefits related to lavender oil.

Lavender Essential Oil is gaining popularity across the world owing to its increasing demand from food & beverage, health and personal care, aromatherapy as well as home care products. Lavender Essential Oil is obtained as a by-product of lavender juice production and is extracted by centrifugation. Lavender Essential Oil has large number of domestic, therapeutic and industrial uses. Domestically it is used to impart the lavender flavor to various food and beverages. Lavender essential Oil is used in production of cosmetics and personal care products as well as in home care products like room fresheners, sprays, etc. Lavender Essential Oil is major used in Aromatherapy for its refreshing and calming as well as therapeutic properties such as anti-inflammatory, anti-septic, anti-depressant and anti-acne. Essential oil comes from North America and Europe. The Lavender Essential Oil in Asia Pacific and Latin America are expected to increase rapidly with increasing demand for processed food as well as increase in standard of living of people boosting the demand for personal and home care products.

The global market for lavender oil is estimated to reach an approximate valuation of US$ 201.6 Mn in the forecast period.

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What are the Key Trends in the Market for Lavender Oil?

Growing Preferences of Consumers for Using Natural and Organic Products

Increasing preference of consumers towards the using organic and natural plant derived products. The “move to organic and natural formulations” is increasing and is expected to continue to increase during the forecast period with rising awareness of people about benefits provided by organics.

“Increasing Demand for Air Fresheners with essential oil as active ingredient”

There is an increasing demand for air fresheners for use in homes, workplaces or cars. Air Fresheners with lavender essential oil as key ingredient are popular due to the pleasing, refreshing as well as calming aroma of lavender oil.

“Increasing popularity of various essential oil blends”

The growing consumer awareness about health and wellness, has boosted the demand for blends of essential oils. The manufacturers are focusing on widening their product portfolio with innovative formulation of essential oil blends. For instance, Melaleuca Inc. has launched various blends like PURE Peace Tranquility Essential Oil Blend using Orange, Tangerine, tansy, elemi, patchouli and German chamomile blue.

“Lower awareness among consumers lowering the demand”

The low awareness about the functional properties and benefits from orange essential oil is hindering the market to reach its full potential in emerging and under developed countries. The therapeutic and anti-oxidant properties apart from its flavor and fragrance are still not known to in several emerging countries thus restraining the market in that region.

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Country-wise Insights

What is the value share held by North America for the lavender oil market?

The North American market holds 23.4% of the global market value share while U.S. holds around 19% of the market share on 2022.

The growing popularity of holistic medicine and alternative treatments due to rising medical expenses in hospitals. Therefore, people have placed focus on preventative health measures in order to maintain optimum fitness levels and this has resulted in the growth of the market.

How is the European Lavender Oil Market Faring?

Europe is the geographic hub of the global lavender oil market with Bulgaria being the largest producer. Nearly 3/5th of the total production of the global lavender oil market can be traced to Europe. The market value of the Personal Care segment in the Europe lavender oil market was just under US$ 12 Mn in 2018 and this should rise to nearly US$ 20 Mn by the end of the year 2032, witnessing a CAGR of 6.5%.

The Therapeutics segment accounted for a market value of US$ 7.5 Mn in Europe in the year 2018 and this is predicted to grow to almost US$ 12 Mn by the year 2032, registering a CAGR of 5.7%. However, the application segment to watch out for in the Europe lavender oil market would be Aromatherapy as it is forecast to record the highest CAGR of 6.6% for the period 2023-2032.

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Category-wise Insights

What does the Aromatherapy Segment look like?

Aromatherapy lavender essential oil segment is expected to expand at 6.1% CAGR over the forecast period and to be valued at US$ 9,914.3 Mn by 2033 end. Aromatherapy segment is estimated to account for 28.6% revenue share of the end use segment by 2023 end and is expected to gain 282 BPS in its market share by 2033 over 2023. Aromatherapy segment is expected to create absolute $ opportunity of US$ 40.9 Mn between 2023 and 2033.

The largest share is contributed by North America region in aromatherapy market. This is expected to represent US$ 27.9 Mn, or 35.8% of the market in 2023, to reach US$ 33.0 Mn in 2033, or 35.6%, representing a CAGR across forecast period of 6%.

Which Segment of Lavender Oil is seen more across the World?

In terms of revenue, the Therapeutics segment accounted for more than 25% of the global lavender oil market in 2018, with a CAGR of 6.0% for the period 2022-2033. Therapeutics is anticipated to show substantial growth over the forecast period as demand for lavender oil products is increasing by leaps and bounds. This can largely be attributed to the beneficial effects of lavender oil particularly as an antibacterial and anti-fungal solution to effectively counter sunburns, insomnia, wounds and other ailments.

In the global lavender oil market, the Therapeutics application segment had a value of slightly under US$ 20 Mn in 2017. This is poised to rise to more than US$ 30 Mn by the end of the year 2032, making Therapeutics the second largest segment in terms of application in the global lavender oil market. The Therapeutics segment is estimated to create absolute $ opportunity of US$ 11.9 Mn between 2018 and 2032.

Competitive Dashboard

Companies such as Young Living Essential Oils, d?TERRA, Now Health Group, Inc., Ultra International B.V., Givaudan SA, AOS Product Pvt. Ltd., International Flavors & Fragrances, and others are some of the major players operating in the global lavender oils market. Regional multinational players account for a market share of 30-40%, and local players 20-30% respectively. These companies are engaged in the business of proving lavender oils, operate at small scale, and are more export-oriented.

  • In 2019, Doterra International, LLC opened a new 2,500 square-foot product center in Alaska to provide its products to its customers in Alaska. The product center supports up to 10,000 orders per month. It also reduced the cost of transportation required to service its customer base in Alaska.
  • In 2018, Now Health Group, Inc. achieved the ISO 22716:2007 certification through the Underwriters’ Laboratory for good manufacturing practices of cosmetics. This certification gives guidelines for proper production, storage, control, and shipment of cosmetic products. It also covers the quality aspects of products.
  • In 2017, Rocky Mountain Oils, LLC completed the acquisition of Native American Nutritionals, a brand of essential oils. The company moved all its production activities and operations to the Rocky Mountain’s headquarters. This acquisition strengthened its position in the American Market and expanded its product portfolio.
  • NHR Organic Oils offers an exclusive range of organic Mother and baby care collection of essential oils. This range of products was formulated to nurture both, the mother and the baby and provide them with optimum benefits. These products are free from all kinds of synthetic additives.

Lavender Oil Industry Report Scope

Attribute

Details

Forecast period

2023-2033

Historical data available for

2018-2022

Market analysis

USD million for value

Key regions covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Key countries covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC countries
  • Turkey
  • Northern Africa
  • South Africa

Key market segments covered

  • Form
  • Application
  • Region

Key companies profiled

  • Young Living Essential Oils
  • doTERRA International, LLC
  • Now Health Group, Inc.
  • Rocky Mountain Oils, LLC
  • NHR Organic Oils
  • Ultra International B.V.
  • Givaudan SA
  • AOS Product Pvt. Ltd.
  • Sensient Technologies Corporation
  • BMV Fragrances Pvt. Ltd.
  • International Flavors & Fragrances Inc.
  • Lebermuth, Inc.
  • Ungerer & Company
  • Van Aroma
  • Falcon Essential Oils
  • Natural & Essential Oils Pvt. Ltd.
  • Flavaroma
  • Prinova Group LLC
  • Sydney Essential Oil Co.
  • Kush Aroma Exports

Report coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & pricing

Available upon request

Lavender Oil Industry Research by Category

By Form:

  • Absolutes
  • Concentrates (100% Pure Lavender Oil)
  • Blends

By Application:

  • Therapeutics
  • Personal Care
  • Cosmetics
  • Aromatherapy
  • Food and Beverages
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

- Companies Covered in This Report -

  • doTERRA International, LLC
  • Aromaland Inc.
  • Young living essential oils LC
  • Enio Bonchev Production Ltd.
  • Avi Naturals
  • Gingerly Naturals (P) Ltd.
  • Ozone Naturals
  • BERJÉ INC
  • Elixarome Limited
  • Ultra International B.V.
  • RIYA AGRO PRODUCTS
  • Visagenics Premium Essential Oils
  • Rosabul
  • John Aromas
  • Alteya Organics
  • Biolandes
  • Ernesto Ventos S.A
  • H. Reynaud & Fils
  • The Lebermuth Company, Inc
  • Others (on additional request)

- Frequently Asked Questions -

The global market for lavender oil has a value of US$ 109.4 in 2023.

The global market for lavender oil has a value CAGR of 5.4% from 2018-2022.

The global market for lavender oil has a value of 201.6 in 2033.

The global market for lavender oil has a value CAGR of 6.3% from 2023-2033.

The top players in the global lavender oil market includes Young Living Essential Oils, dōTERRA , Now Health Group, Inc., Ultra International B.V., Givaudan SA, AOS Product Pvt. Ltd., International Flavors & Fragrances.

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