In 2023, France led the European essential oils market with 21.18% of enterprises, followed by Spain and Bulgaria. While France saw a slight decrease, other countries, particularly in Eastern Europe like Bulgaria, Romania, and Poland, showed significant growth. Portugal and Lithuania experienced the most substantial increases, marking regions to monitor for burgeoning market activity.
In 2024, anticipated trends include:
- Continued growth in Eastern European and Balkan markets as these regions develop their capacities.
- Incremental consolidation in mature markets like France and the UK, potentially influencing global competitive dynamics.
- Innovation and sustainability will be key drivers shaping enterprise growth patterns across Europe.
Top countries in Essential Oils Number of Enterprises Share by Country (Units (Enterprises))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 21.18 | 2023 | 0% | -0.047% | View data |
| 2 | 2 Spain | 15.11 | 2023 | +2.01% | +3.5% | View data |
| 3 | 3 Bulgaria | 11.63 | 2023 | +4.46% | +3.82% | View data |
| 4 | 4 Italy | 9.35 | 2023 | 0% | +1.56% | View data |
| 5 | 5 United Kingdom | 6.56 | 2023 | +1.54% | 0% | View data |
| 6 | 6 Germany | 4.47 | 2023 | +2.27% | +1.39% | View data |
| 7 | 7 Greece | 3.88 | 2023 | +5.41% | +8.45% | View data |
| 8 | 8 Poland | 3.78 | 2023 | +8.57% | +7.89% | View data |
| 9 | 9 Romania | 3.48 | 2023 | +6.06% | +9.73% | View data |
| 10 | 10 Bosnia and Herzegovina | 2.58 | 2023 | +4% | 0% | View data |
