France and Germany lead the European essential oils market, with turnovers of 2.88 and 2.86 billion euros respectively in 2024. Both have shown steady year-on-year growth, with France at 6.29% and Germany at 3.55% in 2023. The United Kingdom and Spain follow, with modest turnovers and marginal changes. Italy lags behind at 0.401 billion euros, with a 2.42% growth. Poland and Hungary have the highest year-on-year growth at 7.49% and 8.23%, albeit from smaller bases. Bulgaria, Bosnia and Herzegovina, and Serbia have seen slight declines, while Iceland has shown remarkable growth at 18.92% though from a very low base.
Future trends to watch include the potential for continued growth in Poland and Hungary, driven by heightened consumer interest and investment. Market leaders like France and Germany are expected to maintain their dominance, but disruptive trends may emerge from smaller markets showing rapid growth, such as Iceland. Environmental sustainability and organic products will likely shape consumer preferences and market dynamics in the coming years.
Top countries in Essential Oils Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,880 | 2023 | +3.8% | +6.29% | View data |
| 2 | 2 Germany | 2,860 | 2023 | +3.42% | +3.55% | View data |
| 3 | 3 United Kingdom | 1,140 | 2023 | +1.23% | +0.84% | View data |
| 4 | 4 Spain | 1,120 | 2023 | +4.09% | +3.14% | View data |
| 5 | 5 Italy | 401 | 2023 | +3.51% | +2.42% | View data |
| 6 | 6 Bulgaria | 96.5 | 2023 | +5.35% | -0.16% | View data |
| 7 | 7 Poland | 46.5 | 2023 | +5.2% | +7.49% | View data |
| 8 | 8 Hungary | 35.5 | 2023 | +6.29% | +8.23% | View data |
| 9 | 9 Greece | 35 | 2023 | +3.24% | +3.83% | View data |
| 10 | 10 Portugal | 11.1 | 2023 | +29.07% | +6.77% | View data |
