In this article, we will discuss the 15 Best Smelling Essential Oils and Their Superpowers. You can skip our detailed analysis of the global essential market and businesses that use essential oils in their products and go directly to the 5 Best Smelling Essential Oils and Their Superpowers.
An essential oil is a plant extract that releases naturally occurring scents that are unique to the plant. The two methods used to extract essential oils are steam distillation and cold pressing.
Global Essential Oils Market:
The market for essential oils was estimated to be worth $23.74 billion globally in 2023, and between 2024 and 2030, it is projected to expand at a CAGR of 7.6%, as per Grand View Research. This can be linked to rising demand from significant end-use sectors like aromatherapy, personal care and cosmetics, and food and beverage.
This research states that some essential oils, which are commonly used in aromatherapy applications, might be costly because of the challenging extraction method. One major reason for the delayed expansion of the aromatherapy business in developing nations like Malaysia and India, as opposed to industrialized nations like the United States, the United Kingdom, and France, is the high cost of essential oils that are vital to aromatherapy. However, the main reasons drawing companies in the aromatherapy industry to establish and build their businesses in emerging economies like China, Indonesia, and India are the region’s growing GDP and the abundance of undiscovered market potential.
Grand View Research reports that in 2023, spa and relaxation held the largest revenue share of 46.7% in the worldwide essential oils market. Its large percentage can be attributed to how customers’ lifestyles are evolving globally.
With the largest revenue share of 49.4% in 2023, Europe led the world market. This is due to the large population and several unexplored markets, which are anticipated to draw significant players to grow and build their operations and distribution facilities in this region. The rise of the sector in Europe has been aided by the existence of organizations like the European Federation of Essential Oils (EFEO). EFEO was established to advance and defend the interests of market participants.
Asia-Pacific nations, including China, Indonesia, and India, are leaders in this industry and the world’s top exporters of some of the most valuable oils and extracts.
On the other hand, Verified Market Research reports that the US essential oil market was valued at USD 11.50 billion in 2023 and is expected to reach USD 27.90 billion by 2030, with a CAGR of 10.55% between 2024 and 2030.
Businesses that Use Essential Oils in Their Products:
Bath & Body Works, Inc. (NYSE:BBWI) introduced a new range of aromatherapy-inspired scented candles in February 2023. With scents like peppermint, lavender, and eucalyptus, this collection offers customers a variety of calming aromas to improve their daily routines for relaxation and well-being. Bath & Body Works, Inc. (NYSE:BBWI) emphasis on wellness and self-care through aromatherapy products is in line with the candles’ design, which aims to increase calmness, relaxation, and stress reduction.
Bath & Body Works, Inc. (NYSE:BBWI) aromatherapy selection has grown with the addition of these new fragrances, giving customers additional alternatives to enjoy the benefits of essential oils and natural fragrances for a complete sensory journey while creating a spa-like atmosphere at home. In 2023, Bath & Body Works, Inc. (NYSE:BBWI) had an annual revenue of $7.43 billion.
In 2023, Estée Lauder Companies Inc. (NYSE:EL) successfully acquired the Tom Ford brand. With this acquisition, Tom Ford Beauty hopes to bolster its expansion goals, especially in the luxury fragrance and beauty markets. Making it the largest transaction for Estée Lauder and its first acquisition in the fashion industry, the deal valued Tom Ford at $2.8 billion. To maintain continuity and further develop the Tom Ford label as a premium worldwide brand, ELC licenses the Tom Ford trademark to Zegna Group for fashion and accessories and Marcolin Group for eyewear as part of the acquisition. In 2023, Estée Lauder Companies Inc. (NYSE:EL) had an astonishing annual revenue of $15.91 billion.
Estée Lauder Companies Inc. (NYSE:EL) includes several candle brands incorporating essential oils that sell a variety of elegant and unique scented candles. Among these businesses is Jo Malone London, well-known for its British lifestyle and fragrance line that combines refinement and charm with an elegant touch. Jo Malone London’s colognes are highly sought-after fragrances on the market because of their sophisticated simplicity and innovative ingredient combinations. The company specializes in crafting distinctive and alluring scents and provides a broad range of luxurious bath, body, and home products.
Furthermore, another brand owned by Estée Lauder Companies Inc. (NYSE:EL), Le Labo, is renowned for its handcrafted approach to candles and perfumes. Le Labo, a French company founded in Grasse and raised in New York, places a strong emphasis on artisanal perfumery and workmanship. Each label is customized with the date and location of formulation, and perfumes are hand-blended to request. Gender-neutral fragrances, candles, sensual body and face treatments, and a grooming line are all part of the brand’s range, which is meticulously created by a group of passionate artisans.
With that said, here are the 15 Best Smelling Essential Oils and Their Superpowers.
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Methodology:
To pick out the 15 Best Smelling Essential Oils and Their Superpowers, we have used a consensus-based approach using a diverse variety of credible sources to determine the best essential oils that smell like heaven. To give you the finest result possible, we picked essential oils that appeared multiple times in our research, assigned them a score of 1 each time they were mentioned, and ranked them on aggregated scores. In tie-breaker situations, we consulted product reviews and then curated the candles for our list.
By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a similar consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or a professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.
15. Sweet Orange Essential Oil
Insider Monkey Score: 3
The aroma of sweet orange essential oil is sweet and zesty. It has a scent similar to orange peels, although it is sweeter as well as more intense. Sweet Orange oil’s positive and fresh aroma is believed to improve mood, relieve stress, and boost feelings of enthusiasm and positivity. It is one of the 15 Best Smelling Essential Oils.
14. Cinnamon Essential Oil
Insider Monkey Score: 3
Warm, spicy, and welcoming, cinnamon recalls memories of crisp fall days that are comforting and calming. The scent of cinnamon essential oil is both sweet and spicy. It is perfect for improving the atmosphere in your house or place of business.
13. Vanilla Essential Oil
Insider Monkey Score: 3
Vanilla essential oil is recognized for its relaxing and centering properties and has an enticing, rich, and sweet aroma. It’s comfortable, complex, warm, and sweet. This essential oil calms and lessens rage and other unpleasant feelings. Vanilla essential oil smells seductive.
12. Rosemary Essential Oil
Insider Monkey Score: 3
Rosemary is frequently used as an air freshener because of its wonderful scent. This oil stimulates the mind and aids in body calmness. Make a spritz with some fresh rosemary in a sterile spray bottle. Savor every whiff of the powerful yet delightful aroma.
11. Eucalyptus Essential Oil
Insider Monkey Score: 4
The intensely aromatic, camphoraceous scent of eucalyptus is connected with purification and cleanliness. Eucalyptus’ strong, fresh scent can mask unpleasant odors and replace them with a clean aroma. Just a tiny drop of this unique oil will lessen the bad energy and its impact on your mood. It is one of the strongest-smelling essential oils.
10. Patchouli Essential Oil
Insider Monkey Score: 5
Patchouli has a long-lasting aroma, so it creates an excellent base note in fragrance creations. Patchouli smells earthy, spicy, and just a little bit sweet. Rich, exotic, and grounded, with a hint of nature, is how patchouli oil is commonly described in terms of aroma.
9. Ylang-ylang Essential Oil
Insider Monkey Score: 6
A deep, rich scent that is slightly sweet and floral best describes ylang-ylang. It contains notes of custard, jasmine, banana, neroli (bitter orange), honey, and spice. Dreamy and romantic, ylang-ylang has a distinct and potent aroma and is frequently used in perfumes.
8. Tea Tree Essential Oil
Insider Monkey Score: 7
Simply add 3-5 drops of tea tree oil to a diffuser and let the peaceful scent fill the room to practice aromatherapy. Another way to experience the scent is with reed diffusers. Tea tree oil smells powerful, warm, spicy, fresh, and camphor-like. Above all, it’s an excellent oil for getting rid of unpleasant odors.
7. Grapefruit Essential Oil
Insider Monkey Score: 7
Since many people find grapefruit essential oil to be uplifting, its zesty, refreshing scent is frequently utilized in aromatherapy. Its bright, happy scent is perfect for DIY projects, skincare, and diffusion. Enjoying it at home through diffusion is a simple process.
6. Frankincense Essential Oil
Insider Monkey Score: 8
Frankincense essential oil can be put into a diffuser or vaporizer and inhaled for its calming, earthy aroma, which has been shown to improve mood and reduce tension and anxiety. Overall, this oil has a complex and perfectly balanced scent that soothes the mind and soul. Frankincense essential oil is the king of essential oils.
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Disclosure: None. 15 Best Smelling Essential Oils and Their Superpowers is originally published on Insider Monkey.