The European essential oils market in 2023 saw France and Germany leading with turnovers of €32.42 million and €32.18 million respectively, highlighting their dominant positions. Meanwhile, the United Kingdom and Spain followed at a distance. Smaller markets like Hungary and Poland showed significant growth by 8.23% and 7.49% respectively, suggesting budding potential. Conversely, some regions like Bosnia and Herzegovina and Serbia experienced contractions. Iceland stood out with an 18.92% rise.
Future trends to monitor include:
- Innovation-driven growth in established markets like France and Germany.
- Potential market expansions in Eastern Europe, given growth in Poland and Hungary.
- Sustainability and organic certifications becoming more critical.
- Shifts in consumer preferences towards essential oils for wellness and personal care.
Top countries in Essential Oils Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 32.42 | 2023 | +3.8% | +6.29% | View data |
| 2 | 2 Germany | 32.18 | 2023 | +3.42% | +3.55% | View data |
| 3 | 3 United Kingdom | 12.78 | 2023 | +1.23% | +0.84% | View data |
| 4 | 4 Spain | 12.62 | 2023 | +4.09% | +3.14% | View data |
| 5 | 5 Italy | 4.51 | 2023 | +3.51% | +2.42% | View data |
| 6 | 6 Bulgaria | 1.09 | 2023 | +5.35% | -0.16% | View data |
| 7 | 7 Poland | 0.52 | 2023 | +5.2% | +7.49% | View data |
| 8 | 8 Hungary | 0.4 | 2023 | +6.29% | +8.23% | View data |
| 9 | 9 Greece | 0.39 | 2023 | +3.24% | +3.83% | View data |
| 10 | 10 Portugal | 0.12 | 2023 | +29.07% | +6.77% | View data |
