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Summary and extracts
1 Market Summary
1.1 Definition and presentation
Essential oils are mixtures extracted from so-called aromatic plants in the form of oily, liquid substances whose molecular composition is different from that of plant oils. Essential oils are generally extracted by hydrodistillation or cold pressing. These two processes are both time-consuming and require special know-how.
Essential oils are extracted from different parts of plants such as leaves, stems, flowers, bark and roots. Plants and herbs such as orange, eucalyptus, peppermint, lemongrass, lime, clove, and spearmint are distilled using steam and water to produce these oils, which contain volatile aromatic compounds and the concentrated essence of the plant.
These oils are mainly used in cosmetics, toiletries, foods and beverages. The growing consumer preference for natural and organic products, both in cosmetics and food, is a key driver for market expansion. As a result, manufacturers in various sectors have responded by developing products with natural ingredients.
In addition, rapid industrialization, rising disposable incomes and improved living standards in emerging economies, along with the expansion of essential oil use in various sectors, contribute significantly to the growth of the global market. The size of the global essential oils market has been estimated at US$22.94 billion in 2023. It is expected to reach US$45.48 billion by 2032, growing at a CAGR of 7.9 percent during the forecast period (2024-2032).
The market is concentrated: there are few manufacturers and most specialize in the production of essential oils from lemon, orange, or other citrus fruits. They offer products for different uses, the prices of which vary widely: the raw material and extraction method have a very significant impact on the price of the finished product.
1.2 The global market
The global essential oils market size was estimated at US$**.** billion in **** and is expected to reach US$**.** billion by ****, with a compound annual growth rate(***) of *.* percent over the forecast period ****-****. This growth is fueled by growing consumer preference for natural and organic products, increased interest in health and ...
1.3 The Italian market
In the essential oil manufacturing sector, the value of turnover showed significant growth. In ****, turnover was ***.** million euros, while in **** it increased to ***.** million euros. This represents an increase of **.* percent, highlighting robust market expansion and growing demand for essential oils.
Value of sales - Manufacture of essential oils Italy, ****-****, ...
1.4 Foreign trade
To carry out the analysis of trade flows in and out of Italy, the HS (***) Code is considered :
****: Essential oils (***), derived terpenic essences, extracts of essences, and resinoids; oleoresins; concentrates of essential oils in fats, fixed oils, wax or the like, obtained by extraction, as well as separated terpenes, etc. From ...
1.5 The impact of Covid-19
The impact of the COVID-** pandemic on the global essential oils market has been surprisingly positive. During this period, demand for essential oils such as those of tea tree, peppermint, and eucalyptus increased significantly. These oils are known for their antibacterial and antiviral properties and benefits in aromatherapy, elements that made ...
2 Demand analysis
2.1 Demand in Italy
Below considers monthly household spending on personal care treatments, using COICOP code ***** as a reference. This indicator is key to understanding demand trends for products such as essential oils, as it reflects consumer spending habits in the area of wellness and personal care.
Between **** and ****, there was a decline of **.* percent. ...
2.2 Demand drivers
The benefits of essential oils
Essential oils, properly applied, can support the body in multiple ways. For example, they promote relaxation and good immune function, reduce mental and physical tension, and develop a healthy metabolism.
They promote healthy emotional expression, proper function of muscles and joints, and help reduce stress. The ...
2.3 The geographical distribution of demand
COICOP code [***] for "personal care treatments" includes a variety of goods and services dedicated to individual wellness, including essential oils and aromatherapy. Analyzing the average monthly household expenditure item in the ISTAT database for the year ****, one can see the growing importance of these categories in the management of personal health ...
2.4 New trends in demand
Natural and synthetic fragrances
In Europe, consumers are increasingly turning to natural ingredients, which they consider better and safer than synthetic alternatives. This trend has led to a growing market for natural products. The perfumer distinguishes between natural and synthetic or semisynthetic fragrances and perfumes.
Natural fragrances are made from plant ...
3.1 Application Sectors of Essential Oils: Wellness, Cosmetics, and Beyond
Essential oils find applications in a variety of areas due to their aromatic, therapeutic and preservative properties. Here are the main areas in which they are used:
Aromatherapy
The main reasons consumers use aromatherapy include stress relief (***) and improving sleep and mood. Oils such as lavender, orange, and geranium are often ...
3 Market structure
3.1 The structure of the Italian market
The analysis of the structure of the essential oils market is conducted using data on ATECO code **.**.**, which corresponds to "Manufacture of essential oils." The analysis focuses on three main variables: the number of active enterprises, the number of employees and the legal form of enterprises. Regarding the number of enterprises, ...
3.2 Value Chain
The value chain in the essential oils industry includes several stages, from the cultivation of plants to the distribution of the final product. Here is an overview of the main stages of the value chain:
Cultivation of Raw Materials: Agricultural Production: The value chain starts with the cultivation of aromatic plants, ...
3.3 The production processes
The extraction process is subject to plant-specific extraction methods depending on the source of the natural essential oil: the flowers of the plants (***), or even the whole plant.
[***]
Therefore, essential oils are commonly extracted and produced using one of the appropriate techniques-although the most common methods are hydrodistillation and pressing:
Hydrodistillation ...
3.4 The main manufacturers
The following are the main companies engaged in the Manufacture of Essential Oils (***):
Capua ****: a family-run company founded in ****, in the early ****s it became a more industrial-type organization and expanded its range of flavors to include all types of citrus fruits. Despite the family-run business, the company possesses a strong ...
4 Supply analysis
4.1 Supply analysis
Essential oils can be defined as natural compounds derived from plants, consisting of complex mixtures of volatile substances at room temperature. These oils do not consist of a single molecule, but of a mixture of molecules, predominantly terpenic, that determine their specific characteristics and properties. The composition of each essential oil ...
4.2 The prices
The prices charged on the market
Prices of essential oils can vary significantly depending on various factors related to both the producer and the end use of the product. Among the main elements that influence cost are the value of ingredients and raw materials, the amount of oil that can be ...
4.3 New supply trends
Polymeric nanoparticles for improved bioactivity of essential oils
Recent advances in nanotechnology have sparked growing interest among researchers in improving the release and bioactivity of essential oils through encapsulation in polymeric matrices. Nanotechnology presents itself as a promising strategy for the development of controlled, sustained, and extended release systems that can ...
5 Rules and regulations
5.1 Rules and regulations
Community Regulations
Italy is fully compliant with all European regulations related to essential oils. Among these, the European Federation of Essential Oils (***) cites the following regulations:
CosmeticsRegulation (***) No. ****/****: establishes restrictions on the use of essential oils in cosmetic products and prohibits the use of harmful ingredients, substances or plants. Regulation (***) No. ...
6 Positioning of actors
6.1 Segmentation
The following table provides a segmentation of industry players.
[***]
- Capua 1880 srl
- Enrico Giotti Spa
- CFF Creative Flavours & Fragrances
- F.lli Branca s.p.a
- Aromata Group s.r.l
- Misitano & Stracuzzi
- Givaudan
List of charts presented in this market study
- Global essential oils market trends
- Value of production (Ateco Code 20531020 - Essential Oils)
- Value of sales - Manufacture of essential oils
- Imports, Exports and Hedging Rate (HS Commodity Code: 3301)
- Main export destination countries of essential oils
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