Lavandula Oil (Lavender Oil) Market Size, Share, Trends, Growth 2030

Lavandula Oil (Lavender Oil) Industry Prospective:

The global Lavandula Oil (Lavender Oil) market size was worth around USD 845 Million in 2022 and is predicted to grow to around USD 1201 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.0% between 2023 and 2030.

The report analyzes the global Lavandula Oil (Lavender Oil) market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Lavandula Oil (Lavender Oil) market.

Request Free Sample

Lavandula Oil (Lavender Oil) Market: Overview

The flowering buds of Lavandula Officinalis are used to extract lavender oil using the steam distillation technique. The Lamiaceae botanical family, which includes mint, is where it originates. Since ancient times, lavender has been used as a fragrance in the Old World. This particular species of lavender is native to the Himalayan areas near Kashmir and Himachal Pradesh. It is a plant that is grown as an ornamental for its lovely colors and alluring scent and has been used in traditional medicine all over the world. People's anxiety and stress levels have been known to decrease when they smell it. It is also useful for treating cardiovascular diseases, insomnia, intestinal discomfort, and gastro issues. Tea, honey, baked goods, and meat flavoring are all examples of other cooking uses for it.

The very sweet and distinct aroma of lavender essential oil provides comfort to the mind and spirit. It is widely used in aromatherapy to help insomnia, stress, and negative emotions. Additionally, it is employed in massage treatment to ease pain and decrease internal inflammation. Along with its comforting aroma, it has anti-bacterial, anti-microbial, and anti-septic properties. Since it treats dry and irritated skin, it is also used to make products and remedies for acne and skin infections like psoriasis, ringworm, & eczema. Its astringent and wound-healing qualities aid in a quicker recovery process and also delay the onset of aging. To get rid of dandruff and strengthen hair from the roots, it is also put into hair care products.

Key Insights

• As per the analysis shared by our research analyst, the global Lavandula oil (lavender oil) market is estimated to grow annually at a CAGR of around 5.0% over the forecast period (2023-2030).
• In terms of revenue, the global Lavandula Oil (Lavender Oil) market size was valued at around USD 845 million in 2022 and is projected to reach USD 1201 million, by 2030.
• The growing use of lavender oil in various end-use industries such as cosmetics, food & beverages, and others is expected to drive market expansion over the forecast period.
• Based on the application, the aromatherapy segment is expected to hold the largest market share in 2022.
• Based on region, Europe is expected to dominate the market during the forecast period.

Request Free Sample

Lavandula Oil (Lavender Oil) Market: Growth Drivers

Growing application in aromatherapy drives the market growth

Natural oils and plant products are used in aromatherapy, a therapeutic procedure, to support health and well-being. In aromatherapy, lavender oils are used to increase physical and emotional well-being by enhancing the health of the body, spirit, and mind. Aromatic plant extracts in the form of balms, oils, and resins have been used for medicinal and religious purposes for millennia in nations like India, Egypt, and China. Demand for aromatherapy has increased due to several variables, including how well it manages pain, enhances sleep, and lowers stress, anxiety, and agitation. Additionally, a rise in customer sophistication due to increased income is anticipated to fuel the Lavandula oil market expansion over the forecast period. Additionally, as demand for massage and aromatherapy rises, so does the need for lavender oils for reestablishing the individual's mental, physical, and emotional well-being.

Lavandula Oil (Lavender Oil) Market: Restraints

Limited availability of raw materials impedes the market growth

Plants are used to extract essential oils, which are progressively running out due to population growth, urbanization, and industrialization. To accommodate the growing population, more trees are being chopped down, which has resulted in deforestation. Essential oils become concentrated and produce a small amount. For instance, one pound of lavender essential oil is produced from about 250 pounds of lavender leaves. As a result, a lot of raw materials are needed to produce a small number of high-quality essential oils, which is impeding the lavender oil market from expanding.

Lavandula Oil (Lavender Oil) Market: Opportunities

Extensive use in the fragrance and food & beverage sector offers an attractive opportunity

In the upcoming year, the global Lavandula oil (lavender oil) market is likely to benefit from the rising demand for this oil due to its use in the fragrance and food and beverage industries. Demand for lavender oil has increased due to the customer preference for natural and organic products. This oil is used to make soap, lotion, fragrances, body lotions, as well as a variety of other cosmetics products. Over the projection period, the market for lavender oil is anticipated to benefit from the oil's numerous uses.

Lavandula Oil (Lavender Oil) Market: Challenges

Side effects of lavender oil pose a major challenge

It can be harmful to individuals to mix lavender essential oils directly with food or beverages. Consuming essential oils irritates the tongue, soft palate, pharynx, and oral mucosa. Constipation, headaches, increased appetite, and skin rashes from topical use are a few additional adverse effects. Thus, the side effects of lavender oil pose a major challenge to the global Lavandula oil (lavender oil) market growth over the forecast period.

Lavandula Oil (Lavender Oil) Market: Segmentation

The global Lavandula Oil (Lavender Oil) industry is segmented based on type, application, distribution channel, and region.

Based on the application, the global market is bifurcated into therapeutics, personal care, aromatherapy, food & beverages, cosmetics, and others. The aromatherapy segment is expected to hold the largest market share in 2022 and is expected to continue the same pattern during the forecast period. Body, soul, and mental health are all enhanced by using lavender essential oils in aromatherapy, which also benefits mental and emotional health. Utilizing essential oils during therapy and massages can help treat chronic health issues like dementia, increase feelings of relaxation, enhance sleep quality, and eliminate tension, depression, and anxiety, among other things. Leading companies in the personal care sector are developing cutting-edge technologies to include lavender oils in their product ranges. Besides, the personal care and cosmetics segment is expected to grow substantially over the forecast period due to the various uses in cosmetic products such as perfumes, body wash, and others.

Based on type, the market is distinguished into absolutes, concentrates, and blends.

Based on distribution channel, the market is divided into health and beauty stores, drug stores, online retailing, and others.

Recent Developments:

• In June 2019, the encapsulated powdered essential oil has been made available, according to the maker of natural ingredients Robertet. This innovative technique for incorporating lavender oils into powders for improved digestion uses prebiotic insulin as a carrier. This innovative method makes it possible to use the product in the nutrition industry.
• In November 2019, South Africa now has a Young Living Essential Oils location. The company's expansion in the South African market will benefit from the newly created position.
• In March 2022, Fragrance giant Symrise and the Centre Régionalisé Interprofessionnel d'Expérimentation en Plantes à Parfum, Aromatiques et Médicinales (CRIEPPAM) in France collaborated to develop Symrise's next breed of white lavender plants. The collaboration intends to be certified by 'Plants Sains' for a sustainable supply chain, ensuring traceability, and supplying farmers with healthy lavender plants within three years.
• In February 2022, Givaudan purchased Myrissi in France. Myrissi's AI expertise would help Givaudan recommend novel organoleptic methods to customers, allowing Givaudan's long-term fragrance (including essential oils) and beauty strategy.
• In December 2021, with the help of a EUR 6.25 million funding package from Santander UK, West Sussex-based First Natural Brands, a manufacturer of wellness goods and essential oils, announced its intentions to grow globally.

Lavandula Oil (Lavender Oil) Market Report Scope:

Lavandula Oil (Lavender Oil) Market: Regional Analysis

Europe is expected to dominate the market during the forecast period

Europe is expected to dominate the global Lavandula Oil (Lavender Oil) market during the forecast period owing to the growing demand for lavender oil from the cosmetics industry. The biggest market for cosmetics and personal care goods is Europe, where the cosmetics business has developed over the past few years. Germany, France, and the United Kingdom are among the most important nations in the industry. From the viewpoint of the customer, essential oils (such as lavender oil) primarily serve to protect health, elevate self-esteem, and improve overall well-being.

Lavender oil's efficacy in cosmetic products relies on the quality of the raw materials used and the technique used to extract the oil. Germany held the biggest market share in the European region for cosmetics during the current year, according to the Cosmetic Europe Personal Care Association. There is a sizable opportunity for fragrance manufacturers to grow their business and offerings to the cosmetic product manufacturers in the region because fragrances are one of the primary factors influencing customer choice for cosmetic and personal care products.

Additionally, as European consumers have very sensitive skin and a preference for natural skin care, toiletries, hair care, and personal hygiene products, there is a significant opportunity for market leaders like BASF, Symrise, etc. to strategically invest in innovation to satisfy consumers' growing demand. Thus, this is expected to propel the market growth over the forecast period.

On the other hand, the North American market is growing significantly during the forecast period. In the upcoming years, rising acceptance of natural products and knowledge of the value of living a healthy lifestyle in North America are expected to drive market expansion. High per capita income, tax advantages, and government incentives have attracted multinational corporations to establish and grow operations in this region. A significant contributing element to this scenario is the region's growing preference for preventive healthcare.

Lavandula Oil (Lavender Oil) Market: Competitive Analysis

The global Lavandula Oil (Lavender Oil) market is dominated by players like:

• Givaudan International SA
• Biolandes SAS
• Symrise AG
• Enio Bonchev Production Ltd.
• International Flavours and Fragrances Inc.
• The Lebermuth Company Inc.
• Phoenix Aromas & Essential Oils LLC
• Sydney Essential Oil Co.
• Young Living Essential Oils
• Essential Oils of New Zealand
• Aromaland,  Alteya Organics
• China Flavors and Fragrances Company Limited
• doTERRRA International LLC
• NHR Organic Oils
• Takasago International Corporation
• Moksha Lifestyle Products among others.

The global Lavandula Oil (Lavender Oil) market is segmented as follows:

By Type

• Absolutes
• Concentrates
• Blends

By Application

• Therapeutics
• Personal Care
• Aromatherapy
• Food & Beverages
• Cosmetics
• Others

By Distribution Channel

• Health and Beauty Stores
• Drug Stores
• Online Retailing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa