In 2023, Germany leads the European essential oils market with a production value of 31.46 million Euros, closely followed by France at 31.44 million Euros. Spain and the United Kingdom are significant contributors with 13.45 million Euros and 13.17 million Euros, respectively. Italy holds a smaller share at 4.66 million Euros, with Bulgaria at 0.96 million Euros. Other notable values include Poland (0.47 million Euros), Hungary (0.45 million Euros), and Greece (0.44 million Euros). Portugal, Romania, Croatia, Serbia, Bosnia and Herzegovina, Norway, and Iceland have notably lower production values ranging from 0.14 million Euros to 0.0048 million Euros.
Year-on-year variations show positive trends for most countries with notable increases such as Poland (6.98%), Hungary (9.26%), and Iceland (18.92%). Germany, France, and Spain have moderate growth rates at 3.37%, 5.02%, and 3.49% respectively. Conversely, Bosnia and Herzegovina (-3.29%) and Norway (-2.33%) present declining trends.
Looking towards future trends, the European essential oils market is expected to see continued growth driven by rising consumer demand for natural products, increasing applications in aromatherapy and personal care, and advancements in extraction technologies. Countries showing significant year-on-year growth might emerge as stronger players, while others may need to innovate to keep up. Monitoring these dynamics will be key for stakeholders in the industry.
Top countries in Essential Oils Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.46 | 2023 | +3.4% | +3.37% | View data |
| 2 | 2 France | 31.44 | 2023 | +3.82% | +5.02% | View data |
| 3 | 3 Spain | 13.45 | 2023 | +4.03% | +3.49% | View data |
| 4 | 4 United Kingdom | 13.17 | 2023 | +1.4% | +0.98% | View data |
| 5 | 5 Italy | 4.66 | 2023 | +3.64% | +2.82% | View data |
| 6 | 6 Bulgaria | 0.96 | 2023 | +4.95% | +1.72% | View data |
| 7 | 7 Poland | 0.47 | 2023 | +4.8% | +6.98% | View data |
| 8 | 8 Hungary | 0.45 | 2023 | +7.65% | +9.26% | View data |
| 9 | 9 Greece | 0.44 | 2023 | +6.3% | +5.12% | View data |
| 10 | 10 Portugal | 0.14 | 2023 | +31.03% | +5.8% | View data |
