|Market Size in 2022
|Market Forecast in 2030
|CAGR (in %)
|USD 845 Million
|USD 1201 Million
Lavandula Oil (Lavender Oil) Market
The global Lavandula Oil (Lavender Oil) market size was worth around USD 845 Million in 2022 and is predicted to grow to around USD 1201 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.0% between 2023 and 2030. The report analyzes the global Lavandula Oil (Lavender Oil) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Lavandula Oil (Lavender Oil) market.
The flowering buds of Lavandula Officinalis are used to extract lavender oil using the steam distillation technique. The Lamiaceae botanical family, which includes mint, is where it originates. Since ancient times, lavender has been used as a fragrance in the Old World. This particular species of lavender is native to the Himalayan areas near Kashmir and Himachal Pradesh. It is a plant that is grown as an ornamental for its lovely colors and alluring scent and has been used in traditional medicine all over the world. People's anxiety and stress levels have been known to decrease when they smell it. It is also useful for treating cardiovascular diseases, insomnia, intestinal discomfort, and gastro issues. Tea, honey, baked goods, and meat flavoring are all examples of other cooking uses for it.
The very sweet and distinct aroma of lavender essential oil provides comfort to the mind and spirit. It is widely used in aromatherapy to help insomnia, stress, and negative emotions. Additionally, it is employed in massage treatment to ease pain and decrease internal inflammation. Along with its comforting aroma, it has anti-bacterial, anti-microbial, and anti-septic properties. Since it treats dry and irritated skin, it is also used to make products and remedies for acne and skin infections like psoriasis, ringworm, & eczema. Its astringent and wound-healing qualities aid in a quicker recovery process and also delay the onset of aging. To get rid of dandruff and strengthen hair from the roots, it is also put into hair care products.
Growing application in aromatherapy drives the market growth
Natural oils and plant products are used in aromatherapy, a therapeutic procedure, to support health and well-being. In aromatherapy, lavender oils are used to increase physical and emotional well-being by enhancing the health of the body, spirit, and mind. Aromatic plant extracts in the form of balms, oils, and resins have been used for medicinal and religious purposes for millennia in nations like India, Egypt, and China. Demand for aromatherapy has increased due to several variables, including how well it manages pain, enhances sleep, and lowers stress, anxiety, and agitation. Additionally, a rise in customer sophistication due to increased income is anticipated to fuel the Lavandula oil market expansion over the forecast period. Additionally, as demand for massage and aromatherapy rises, so does the need for lavender oils for reestablishing the individual's mental, physical, and emotional well-being.
Limited availability of raw materials impedes the market growth
Plants are used to extract essential oils, which are progressively running out due to population growth, urbanization, and industrialization. To accommodate the growing population, more trees are being chopped down, which has resulted in deforestation. Essential oils become concentrated and produce a small amount. For instance, one pound of lavender essential oil is produced from about 250 pounds of lavender leaves. As a result, a lot of raw materials are needed to produce a small number of high-quality essential oils, which is impeding the lavender oil market from expanding.
Extensive use in the fragrance and food & beverage sector offers an attractive opportunity
In the upcoming year, the global Lavandula oil (lavender oil) market is likely to benefit from the rising demand for this oil due to its use in the fragrance and food and beverage industries. Demand for lavender oil has increased due to the customer preference for natural and organic products. This oil is used to make soap, lotion, fragrances, body lotions, as well as a variety of other cosmetics products. Over the projection period, the market for lavender oil is anticipated to benefit from the oil's numerous uses.
Side effects of lavender oil pose a major challenge
It can be harmful to individuals to mix lavender essential oils directly with food or beverages. Consuming essential oils irritates the tongue, soft palate, pharynx, and oral mucosa. Constipation, headaches, increased appetite, and skin rashes from topical use are a few additional adverse effects. Thus, the side effects of lavender oil pose a major challenge to the global Lavandula oil (lavender oil) market growth over the forecast period.
The global Lavandula Oil (Lavender Oil) industry is segmented based on type, application, distribution channel, and region.
Based on the application, the global market is bifurcated into therapeutics, personal care, aromatherapy, food & beverages, cosmetics, and others. The aromatherapy segment is expected to hold the largest market share in 2022 and is expected to continue the same pattern during the forecast period. Body, soul, and mental health are all enhanced by using lavender essential oils in aromatherapy, which also benefits mental and emotional health. Utilizing essential oils during therapy and massages can help treat chronic health issues like dementia, increase feelings of relaxation, enhance sleep quality, and eliminate tension, depression, and anxiety, among other things. Leading companies in the personal care sector are developing cutting-edge technologies to include lavender oils in their product ranges. Besides, the personal care and cosmetics segment is expected to grow substantially over the forecast period due to the various uses in cosmetic products such as perfumes, body wash, and others.
Based on type, the market is distinguished into absolutes, concentrates, and blends.
Based on distribution channel, the market is divided into health and beauty stores, drug stores, online retailing, and others.
|Lavandula Oil (Lavender Oil) Market Research Report
|Market Size in 2022
|USD 845 Million
|Market Forecast in 2030
|USD 1201 Million
|Compound Annual Growth Rate
|CAGR of 5.0%
|Number of Pages
|Key Companies Covered
|like Givaudan International SA, Biolandes SAS, Symrise AG, Enio Bonchev Production Ltd., International Flavours and Fragrances Inc., The Lebermuth Company, Inc., Phoenix Aromas & Essential Oils LLC, Sydney Essential Oil Co., Young Living Essential Oils, Essential Oils of New Zealand, Aromaland, Alteya Organics, China Flavors and Fragrances Company Limited, doTERRRA International LLC, NHR Organic Oils, Takasago International Corporation and Moksha Lifestyle Products among others.
|By Type, By Application, By Distribution Channel, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
|2017 to 2021
|2023 - 2030
|Avail customized purchase options to meet your exact research needs. Request For Customization
Europe is expected to dominate the market during the forecast period
Europe is expected to dominate the global Lavandula Oil (Lavender Oil) market during the forecast period owing to the growing demand for lavender oil from the cosmetics industry. The biggest market for cosmetics and personal care goods is Europe, where the cosmetics business has developed over the past few years. Germany, France, and the United Kingdom are among the most important nations in the industry. From the viewpoint of the customer, essential oils (such as lavender oil) primarily serve to protect health, elevate self-esteem, and improve overall well-being.
Lavender oil's efficacy in cosmetic products relies on the quality of the raw materials used and the technique used to extract the oil. Germany held the biggest market share in the European region for cosmetics during the current year, according to the Cosmetic Europe Personal Care Association. There is a sizable opportunity for fragrance manufacturers to grow their business and offerings to the cosmetic product manufacturers in the region because fragrances are one of the primary factors influencing customer choice for cosmetic and personal care products.
Additionally, as European consumers have very sensitive skin and a preference for natural skin care, toiletries, hair care, and personal hygiene products, there is a significant opportunity for market leaders like BASF, Symrise, etc. to strategically invest in innovation to satisfy consumers' growing demand. Thus, this is expected to propel the market growth over the forecast period.
On the other hand, the North American market is growing significantly during the forecast period. In the upcoming years, rising acceptance of natural products and knowledge of the value of living a healthy lifestyle in North America are expected to drive market expansion. High per capita income, tax advantages, and government incentives have attracted multinational corporations to establish and grow operations in this region. A significant contributing element to this scenario is the region's growing preference for preventive healthcare.
The global Lavandula Oil (Lavender Oil) market is dominated by players like:
By Distribution Channel
Lavender oil is obtained from the extraction of the flowers of lavender. Lavender oil extraction is very tedious work and is distilled in the final stage. Different methods through which the essential oil is obtained include steam distillation, hydro distillation, and solvent extraction. Among all the essential oils lavender oil is the most versatile and expensive one. This product is popular in the cosmetic sector as it is used for fragrance and in the food industry lavender oil is used for flavoring purposes. It also finds applications in the pharmaceutical industry where it is used in therapies.
The increasing demand for lavender oil in the current market scenario is due to its flavored eminence and fragrance. The recent trend is that consumers are inclined towards products that are produced naturally, should be organic, and have health benefits thus having an increasing demand from the growing economies of the world. The lavender oil market is in high demand for beauty care and body care products. Body creams, soaps, lotions, perfumes, and many other cosmetic products have high usage of lavender oil.
According to the report, the global Lavandula Oil (Lavender Oil) market size was worth around USD 845 million in 2022 and is predicted to grow to around USD 1201 million by 2030.
The global Lavandula Oil (Lavender Oil) market is expected to grow at a CAGR of 5.0% during the forecast period.
The global Lavandula Oil (Lavender Oil) market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the growing cosmetic and personal care industry.
The global Lavandula Oil (Lavender Oil) market is dominated by players like Givaudan International SA, Biolandes SAS, Symrise AG, Enio Bonchev Production Ltd., International Flavours and Fragrances Inc., The Lebermuth Company, Inc., Phoenix Aromas & Essential Oils LLC, Sydney Essential Oil Co., Young Living Essential Oils, Essential Oils of New Zealand, Aromaland, Alteya Organics, China Flavors and Fragrances Company Limited, doTERRRA International LLC, NHR Organic Oils, Takasago International Corporation and Moksha Lifestyle Products among others.