In 2024, Germany dominated the European sold production of essential oils with a 41.54% market share, followed by the United Kingdom at 16.45%, Spain at 15.34%, and France at 11.49%. Italy held 7.41%, while Austria, Belgium, and Bulgaria accounted for 2.07%, 1.91%, and 1.33%, respectively. Smaller contributions came from Poland (0.84%), Sweden (0.54%), Denmark (0.41%), Hungary (0.17%), Greece (0.16%), and Finland (0.11%). The least market share was recorded by Czechia (0.093%), Romania (0.079%), Croatia (0.02%), Lithuania (0.019%), Netherlands (0.012%), Bosnia and Herzegovina (0.0082%), Portugal (0.0069%), and Estonia (0.0024%).
Year-on-year changes indicate significant growth for Sweden (16.05%), Finland (219.39%), and the Netherlands (139.32%) in 2023, while Hungary (-5.78%), Greece (-5.23%), and Croatia (-6.81%) saw declines. Germany's share rose by 3.48%, while Austria showed an 8.01% increase, underpinning stronger market positions.
Future trends to watch in the European essential oils market include:
- Continued market consolidation in leading countries like Germany and the United Kingdom.
- Emerging markets in the Nordics and Eastern Europe displaying rapid growth rates.
- Potential volatility due to economic shifts and changing consumer preferences in natural products.
Top countries in Sold Production of Essential Oils Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.54 | 2023 | +3.62% | +3.48% | View data |
| 2 | 2 United Kingdom | 16.45 | 2023 | +1.19% | +2.24% | View data |
| 3 | 3 Spain | 15.34 | 2023 | +5.15% | +5.32% | View data |
| 4 | 4 France | 11.49 | 2021 | -61.38% | -16.98% | View data |
| 5 | 5 Italy | 7.41 | 2023 | +2.6% | +6.43% | View data |
| 6 | 6 Austria | 2.07 | 2023 | +8.95% | +8.01% | View data |
| 7 | 7 Belgium | 1.91 | 2023 | +5.91% | -1.81% | View data |
| 8 | 8 Bulgaria | 1.33 | 2023 | +4.3% | +1.17% | View data |
| 9 | 9 Poland | 0.84 | 2023 | +3.92% | +3.47% | View data |
| 10 | 10 Sweden | 0.54 | 2023 | +2.32% | +16.05% | View data |
