May 19, 2025
IndexBox has just published a new report: U.S. – Essential Oils – Market Analysis, Forecast, Size, Trends And Insights.
The essential oils market in the United States is forecasted to see significant growth over the next decade, with a projected increase in market volume to 53K tons and market value to $1.2B by the end of 2035. This growth is driven by the increasing demand for essential oils in various industries.
Market Forecast
Driven by increasing demand for essential oils in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +6.3% for the period from 2024 to 2035, which is projected to bring the market volume to 53K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.4% for the period from 2024 to 2035, which is projected to bring the market value to $1.2B (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited States’s Consumption of Essential Oils
Essential oils consumption in the United States fell modestly to 27K tons in 2024, remaining relatively unchanged against 2023. The total consumption volume increased at an average annual rate of +1.9% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2023 when the consumption volume increased by 8.9% against the previous year. As a result, consumption attained the peak volume of 27K tons, leveling off in the following year.
The value of the essential oils market in the United States fell modestly to $630M in 2024, shrinking by -2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.3% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $660M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.
ProductionUnited States’s Production of Essential Oils
In 2023, production of essential oils in the United States soared to 7.3K tons, jumping by 207% compared with the year before. Overall, production, however, saw a relatively flat trend pattern. Essential oils production peaked at 14K tons in 2017; however, from 2018 to 2023, production remained at a lower figure.
In value terms, essential oils production surged to $221M in 2023. In general, production saw a temperate expansion. Over the period under review, production hit record highs at $345M in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.
ImportsUnited States’s Imports of Essential Oils
Essential oils imports into the United States soared to 47K tons in 2024, growing by 17% compared with 2023 figures. The total import volume increased at an average annual rate of +2.1% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, essential oils imports skyrocketed to $1.1B in 2024. In general, total imports indicated a resilient increase from 2013 to 2024: its value increased at an average annual rate of +5.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 19% against the previous year. Imports peaked at $1.2B in 2018; however, from 2019 to 2024, imports failed to regain momentum.
Imports By Country
In 2024, Brazil (15K tons) constituted the largest essential oils supplier to the United States, accounting for a 31% share of total imports. Moreover, essential oils imports from Brazil exceeded the figures recorded by the second-largest supplier, India (5.1K tons), threefold. The third position in this ranking was held by Mexico (4.6K tons), with a 9.8% share.
From 2013 to 2024, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.3% per year) and Mexico (+0.8% per year).
In value terms, Brazil ($210M), Mexico ($137M) and India ($104M) appeared to be the largest essential oils suppliers to the United States, together comprising 41% of total imports.
In terms of the main suppliers, Brazil, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
In 2024, the average essential oils import price amounted to $23,489 per ton, shrinking by -1.6% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 an increase of 20%. Over the period under review, average import prices attained the peak figure at $28,658 per ton in 2018; however, from 2019 to 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($43,826 per ton), while the price for China ($13,526 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Brazil (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsUnited States’s Exports of Essential Oils
For the fourth year in a row, the United States recorded decline in shipments abroad of essential oils, which decreased by -1.1% to 20K tons in 2024. In general, exports recorded a slight decline. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 30K tons. From 2018 to 2024, the growth of the exports failed to regain momentum.
In value terms, essential oils exports reached $641M in 2024. The total export value increased at an average annual rate of +3.8% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. Over the period under review, the exports reached the maximum at $741M in 2021; however, from 2022 to 2024, the exports failed to regain momentum.
Exports By Country
Mexico (2.8K tons), Canada (1.6K tons) and China (1.6K tons) were the main destinations of essential oils exports from the United States, together accounting for 29% of total exports. The Netherlands, Singapore, Japan, the UK, Germany, Italy, India, Ireland and Switzerland lagged somewhat behind, together accounting for a further 44%.
From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.
In value terms, China ($88M), Ireland ($61M) and Japan ($52M) were the largest markets for essential oils exported from the United States worldwide, with a combined 31% share of total exports. Mexico, Singapore, the Netherlands, Germany, Canada, the UK, India, Switzerland and Italy lagged somewhat behind, together comprising a further 42%.
Italy, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
The average essential oils export price stood at $31,875 per ton in 2024, growing by 1.9% against the previous year. Overall, export price indicated a remarkable increase from 2013 to 2024: its price increased at an average annual rate of +5.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, essential oils export price increased by +49.8% against 2017 indices. The pace of growth appeared the most rapid in 2023 an increase of 19% against the previous year. The export price peaked in 2024 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($86,936 per ton), while the average price for exports to Italy ($9,549 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.