It Is Estimated the Sales of Essential Oils Market will Reach 6.7 Billion US Dollars in 2022

Published Date: 2022-06-16
All plants undergo photosynthesis, and their cells secrete fragrant molecules, which aggregate into sachets and spread on petals, leaves or tree trunks. After the sachet is refined and extracted, it becomes the so-called "plant essential oil".

Essential oils can prevent infectious diseases, fight bacteria, viruses, molds, prevent inflammation, prevent spasms, promote cell metabolism and cell regeneration, and make life better. Some essential oils can regulate endocrine organs, promote hormone secretion, and allow the body's physical and psychological activities to achieve good development.

According to industry insiders, essential oils have been widely used in cosmetics, aromatherapy and many other industries. From the current point of view, the growing demand for natural essential oils in the personal care product industry may become the main driving force of the global essential oil market. At present, the products in the Chinese market are still dominated by plant essential oils.

In recent years, the export volume of essential oils in China has been decreasing year by year, while the import volume has steadily increased. In 2020, the export volume of essential oils in China was 18,494.8 tons, a year-on-year decrease of 4.75; the export value was US$302.173 million, a year-on-year decrease of 13.6%; the import volume of essential oils in China was 10,703.1 tons, a year-on-year increase of 13.1%; the import value was 273.322 million US dollars, a year-on-year increase of 3.6% .

From 2017 to 2021, the market scale of China's plant essential oil industry is expanding year by year. In 2019, the market scale reached 6.94 billion yuan, a year-on-year increase of 21.54%; As the demand in chemical and other fields increases, the market size of China's natural plant essential oils shows a trend of gradual expansion.

From the perspective of industry supply, the number of enterprises in my country's plant essential oil industry is increasing, and the production technology is gradually maturing, which promotes the continuous improvement of the industry's supply capacity.

From the perspective of industry demand, in the fields of medical and daily cosmetics, plant essential oils extracted from natural plants are sought after by end consumers due to factors such as health and environmental protection, and their market potential is huge. In the field of agriculture, due to the prohibition of antibiotics by the Ministry of Agriculture, plant essential oils, as an alternative to antibiotics, are more effective than antibiotics and have good product characteristics, and are widely used in the downstream feed industry and aquaculture. From the perspective of product demand, China's plant essential oil market is still not saturated, and the market demand is gradually expanding, promoting the further development of the industry.