Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia Pacific and Africa), By Product (Ingredient in dietary supplements, Capsules, Others), By Application (Pharmaceuticals, Cosmetics, Food Products, Fragrance, Chemical Industrial Uses) And Competitive Landscape
| Product Code: ETC13156768 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6wresearch internal database and industry insights, the global nutmeg oil market is valued at approximately USD 378.8 million in 2024, with projections reaching USD 713.7 million by 2031, reflecting a CAGR of 6.5% from 2025 to 2031. Growth is propelled by increasing usage in food flavoring, cosmetics, pharmaceuticals, and aromatherapy.
| Report Name | Global Nutmeg oil Market |
| Report Category / Coverage | Global |
| Forecast period | 2025 - 2031 |
| CAGR | 6.5% |
| Market Size | USD 713.7 million by 2031 |
| Growing Sector | Personal Care and Cosmetics |
The Global Nutmeg Oil Market report thoroughly covers the market by Product, Application and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Increasing demand across pharmaceutical, aromatherapy, food and beverages, and cosmetic sectors is driving the stable progress in the global nutmeg oil market. Nutmeg oil is gaining traction among health-conscious consumers due to its therapeutic benefits, aromatic qualities, and natural flavor. Growing interest in clean-label products, sustainable sourcing practices, and essential oils further supports global nutmeg oil market growth.
Global Nutmeg oil Market is expected to grow at a significant CAGR of 6.5% during the forecast period 2025-2031. Key drivers of the global nutmeg oil market include increasing demand for organic and natural ingredients in the cosmetic, pharmaceutical, and food industries. Its well-known use in aromatherapy for wellness and stress relief, along with consumer preference for plant-based products, is feeding growth. Additionally, rising awareness of nutmeg oil’s therapeutic properties, and expanding applications in personal care, support market expansion.
The global nutmeg oil market come across key obstacles including supply instability and raw material price uncertainty due to climate unpredictability in major manufacturing regions like India and Indonesia. Regulatory compliance, complex logistics, and the risk of counterfeit or adulterated products further interfere in consumer confidence and market growth.
The global nutmeg oil market is experiencing an upsurge in demand due to its extensive applications across various industries, including food and beverage, cosmetics, and pharmaceuticals. Increasing consumer inclination toward natural and organic products is a significant driver of this trend, as nutmeg oil is prized for its therapeutic and aromatic properties. Additionally, the expansion of the wellness industry has further fueled the demand for nutmeg oil in aromatherapy and personal care products.
Compelling investment opportunities are provided in the global nutmeg oil industry driven by increasing demand in cosmetics, functional foods, and aromatherapy. Potential can be found in advanced extraction technologies, premium product development, and sustainable sourcing. Expanding e-commerce and rising consumer preference for natural ingredients further improves benefits. Tactical investment in advancement, manufacturing and ethical supply chains can yield long-term competitive benefits.
Prominent companies in the global nutmeg oil market vary from large essential oil brands to specialized extract manufacturers. Young Living and doTERRA are leading in therapeutic-grade oils, organic practices, and emphasizing sustainability. Additionally, regional producers like Aromaaz International, AOS Products, Ultra International, and Aromaaz International leverage enhanced extraction methods and emphasise on quality depth.
The global nutmeg oil market is significantly influenced by government regulations related to the production, trade, and usage of essential oils. Many countries have implemented stringent guidelines to ensure the safety, quality, and sustainability of nutmeg oil. Regulatory bodies such as the Food and Drug Administration (FDA) and the European Medicines Agency (EMA) monitor the standards for nutmeg oil in food, cosmetics, and therapeutic applications. Additionally, international trade policies and tariffs on exports and imports of nutmeg oil also affect market dynamics.
The future of the global nutmeg oil market looks promising, fueled by a combination of increasing consumer awareness, technological advancements, and the growing adoption of natural products. The surge in demand for plant-based and organic products is expected to play a pivotal role in market expansion. Furthermore, innovations in extraction processes, such as the use of supercritical CO2 extraction, are likely to enhance product quality and contribute to efficiency in production. Emerging markets, particularly in Latin America and Africa, present new opportunities for growth due to untapped resources and expanding economic conditions.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The personal care and cosmetics segment is the largest consumer of nutmeg oil globally, driven by growing demand for natural and organic beauty products. Nutmeg oil’s antibacterial, anti-inflammatory, and antioxidant properties make it ideal for skincare, haircare formulation.
According to Ravi Bhandari, Research Head, 6Wresearch, the Asia-Pacific region dominates the global nutmeg oil market, driven by abundant raw material availability, traditional usage, and strong export infrastructure.
The market report provides a detailed analysis of the following market segments:
| Global Nutmeg oil Market |
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Global Nutmeg oil Market Overview |
| 3.1 Global Regional Macro Economic Indicators |
| 3.2 Global Nutmeg oil Market Revenues & Volume, 2021 & 2031F |
| 3.3 Global Nutmeg oil Market - Industry Life Cycle |
| 3.4 Global Nutmeg oil Market - Porter's Five Forces |
| 3.5 Global Nutmeg oil Market Revenues & Volume Share, By Regions, 2021 & 2031F |
| 3.6 Global Nutmeg oil Market Revenues & Volume Share, By Product, 2021 & 2031F |
| 3.7 Global Nutmeg oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
| 4 Global Nutmeg oil Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Global Nutmeg oil Market Trends |
| 6 Global Nutmeg oil Market, 2021 - 2031 |
| 6.1 Global Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 6.1.1 Overview & Analysis |
| 6.1.2 Global Nutmeg oil Market, Revenues & Volume, By Ingredient in dietary supplements, 2021 - 2031 |
| 6.1.3 Global Nutmeg oil Market, Revenues & Volume, By Capsules, 2021 - 2031 |
| 6.1.4 Global Nutmeg oil Market, Revenues & Volume, By Others, 2021 - 2031 |
| 6.2 Global Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 6.2.1 Overview & Analysis |
| 6.2.2 Global Nutmeg oil Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
| 6.2.3 Global Nutmeg oil Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
| 6.2.4 Global Nutmeg oil Market, Revenues & Volume, By Food Products, 2021 - 2031 |
| 6.2.5 Global Nutmeg oil Market, Revenues & Volume, By Fragrance, 2021 - 2031 |
| 6.2.6 Global Nutmeg oil Market, Revenues & Volume, By Chemical Industrial Uses, 2021 - 2031 |
| 6.3.1 Overview & Analysis |
| 7 North America Nutmeg oil Market, Overview & Analysis |
| 7.1 North America Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 7.2 North America Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 7.2.1 United States (US) Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 7.2.2 Canada Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 7.2.3 Rest of North America Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 7.3 North America Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 7.4 North America Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 8 Latin America (LATAM) Nutmeg oil Market, Overview & Analysis |
| 8.1 Latin America (LATAM) Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 8.2 Latin America (LATAM) Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 8.2.1 Brazil Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 8.2.2 Mexico Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 8.2.3 Argentina Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 8.2.4 Rest of LATAM Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 8.3 Latin America (LATAM) Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 8.4 Latin America (LATAM) Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 9 Asia Nutmeg oil Market, Overview & Analysis |
| 9.1 Asia Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 9.2 Asia Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 9.2.1 India Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 9.2.2 China Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 9.2.3 Japan Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 9.2.4 Rest of Asia Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 9.3 Asia Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 9.4 Asia Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 10 Africa Nutmeg oil Market, Overview & Analysis |
| 10.1 Africa Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 10.2 Africa Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 10.2.1 South Africa Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 10.2.2 Egypt Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 10.2.3 Nigeria Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 10.2.4 Rest of Africa Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 10.3 Africa Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 10.4 Africa Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 11 Europe Nutmeg oil Market, Overview & Analysis |
| 11.1 Europe Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 11.2 Europe Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 11.2.1 United Kingdom Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 11.2.2 Germany Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 11.2.3 France Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 11.2.4 Rest of Europe Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 11.3 Europe Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 11.4 Europe Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 12 Middle East Nutmeg oil Market, Overview & Analysis |
| 12.1 Middle East Nutmeg oil Market Revenues & Volume, 2021 - 2031 |
| 12.2 Middle East Nutmeg oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
| 12.2.1 Saudi Arabia Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 12.2.2 UAE Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 12.2.3 Turkey Nutmeg oil Market, Revenues & Volume, 2021 - 2031 |
| 12.3 Middle East Nutmeg oil Market, Revenues & Volume, By Product, 2021 - 2031 |
| 12.4 Middle East Nutmeg oil Market, Revenues & Volume, By Application, 2021 - 2031 |
| 13 Global Nutmeg oil Market Key Performance Indicators |
| 14 Global Nutmeg oil Market - Export/Import By Countries Assessment |
| 15 Global Nutmeg oil Market - Opportunity Assessment |
| 15.1 Global Nutmeg oil Market Opportunity Assessment, By Countries, 2021 & 2031F |
| 15.2 Global Nutmeg oil Market Opportunity Assessment, By Product, 2021 & 2031F |
| 15.3 Global Nutmeg oil Market Opportunity Assessment, By Application, 2021 & 2031F |
| 16 Global Nutmeg oil Market - Competitive Landscape |
| 16.1 Global Nutmeg oil Market Revenue Share, By Companies, 2024 |
| 16.2 Global Nutmeg oil Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Top 10 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |