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Nutmeg Oil Market Size, Share and Forecast 2026-2036

The global nutmeg oil market is worth USD 37 mn in 2026 and is forecast to reach USD 57 mn by 2036, growing at a 4.5% CAGR. United States is the largest country market and Food flavours is the largest by application segment.

USD 37 mnMarket size 2026
USD 57 mnForecast 2036
4.5%CAGR 2026-2036
United StatesLargest country

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Report price: Starts from USD 1,999

5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global nutmeg oil market is worth USD 37 mn in 2026 and is forecast to reach USD 57 mn by 2036, growing at a 4.5% CAGR. United States is the largest country market and Food flavours is the largest by application segment.

ScopeEssential oil steam-distilled from nutmeg and mace kernels, sold to flavour, fragrance, oral care, pharmaceutical and aromatherapy users.
IndustryFood and Beverage
Value 2025USD 35 mn
Value 2026USD 37 mn
Value 2036USD 57 mn
CAGR 2026-20364.5%
Volume 2026517 tonnes
Volume 2036727 tonnes
Average price 2026USD 70,700 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Nutmeg Oil market size and forecast, 2026-2036

Exhibit 1The global nutmeg oil market is forecast to grow from USD 37 mn in 2026 to USD 57 mn by 2036, a rise of 55%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 4.5%
Nutmeg Oil market value, 2025 to 2036Market value by year. 2025: USD 35 mn; 2026: USD 37 mn; 2027: USD 38 mn; 2028: USD 40 mn; 2029: USD 42 mn; 2030: USD 44 mn; 2031: USD 46 mn; 2032: USD 48 mn; 2033: USD 50 mn; 2034: USD 52 mn; 2035: USD 54 mn; 2036: USD 57 mn. Compound annual growth rate 2026 to 2036: 4.5%.202537 mn202646 mn203157 mn20364.5% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 37 mn
2027USD 38 mn
2028USD 40 mn
2029USD 42 mn
2030USD 44 mn
2031USD 46 mn
2032USD 48 mn
2033USD 50 mn
2034USD 52 mn
2035USD 54 mn
2036USD 57 mn

Nutmeg Oil market segmentation

By application

Exhibit 2Food flavours is the largest segment by application, with 50.0% of 2026 revenueEstimated share of 2026 global revenue, by application
Nutmeg Oil market share by application, 2026Share of 2026 revenue by application. Food flavours: 50.0%; Fragrance and cosmetics: 20.0%; Pharma and aromatherapy: 18.0%; Oral care and other: 12.0%.Food flavours50.0%Fragrance and cosmetics20.0%Pharma and aromatherapy18.0%Oral care and other12.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Food flavours50.0%48.2%USD 18 mn4.1%
Fragrance and cosmetics20.0%20.2%USD 7.3 mn4.6%
Pharma and aromatherapy18.0%20.0%USD 6.6 mn5.6%
Oral care and other12.0%11.6%USD 4.4 mn4.1%

By grade

Exhibit 3East Indian and conventional adds the most revenue by grade, growing from USD 26 mn in 2026 to USD 38 mn by 2036Estimated revenue in USD by grade, 2026 and 2036 forecast
Nutmeg Oil market by grade, 2026 and 2036Revenue by grade in 2026 and 2036. East Indian and conventional: USD 26 mn in 2026, USD 38 mn in 2036, change +47%; Organic: USD 5.5 mn in 2026, USD 11 mn in 2036, change +104%; West Indian: USD 5.5 mn in 2026, USD 8.1 mn in 2036, change +47%.20262036 forecastChangeEast Indian and conventional+47%26 mn38 mnOrganic+104%5.5 mn11 mnWest Indian+47%5.5 mn8.1 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
East Indian and conventional70.0%66.1%USD 26 mn3.9%
West Indian15.0%14.2%USD 5.5 mn3.9%
Organic15.0%19.7%USD 5.5 mn7.4%

By source

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Nutmeg kernel68.0%65.0%USD 25 mn4.0%
Mace21.0%21.0%USD 7.7 mn4.5%
Nutmeg and mace blends11.0%14.0%USD 4.0 mn7.0%

By product form

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Essential oil56.0%52.0%USD 20 mn3.7%
Oleoresin25.0%26.0%USD 9.1 mn4.9%
Rectified and fractionated oil19.0%22.0%USD 7.0 mn6.0%

By buyer type

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Flavour and fragrance houses52.0%49.0%USD 19 mn3.9%
Food and beverage makers26.0%26.0%USD 9.5 mn4.5%
Cosmetic and pharma makers22.0%25.0%USD 8.1 mn5.8%

Top 25 countries for nutmeg oil by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 83.0% of 2026 revenue and the 25 countries below together hold 94.2%.

Exhibit 4United States is the largest country market at USD 10 mn in 2026, and the three largest countries hold 46.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Nutmeg Oil market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 10 mn, 28.0%; France: USD 3.7 mn, 10.0%; Germany: USD 2.9 mn, 8.0%; India: USD 2.9 mn, 8.0%; United Kingdom: USD 2.2 mn, 6.0%; Japan: USD 2.2 mn, 6.0%; Netherlands: USD 1.8 mn, 5.0%; China: USD 1.8 mn, 5.0%; Italy: USD 1.5 mn, 4.0%; Brazil: USD 1.1 mn, 3.0%.United States10 mn 28.0%France3.7 mn 10.0%Germany2.9 mn 8.0%India2.9 mn 8.0%United Kingdom2.2 mn 6.0%Japan2.2 mn 6.0%Netherlands1.8 mn 5.0%China1.8 mn 5.0%Italy1.5 mn 4.0%Brazil1.1 mn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 10 mn28.0%USD 16 mn4.5%
2FranceUSD 3.7 mn10.0%USD 5.4 mn4.0%
3GermanyUSD 2.9 mn8.0%USD 4.3 mn4.0%
4IndiaUSD 2.9 mn8.0%USD 5.2 mn6.0%
5United KingdomUSD 2.2 mn6.0%USD 3.2 mn4.0%
6JapanUSD 2.2 mn6.0%USD 3.1 mn3.4%
7NetherlandsUSD 1.8 mn5.0%USD 2.7 mn4.1%
8ChinaUSD 1.8 mn5.0%USD 3.4 mn6.4%
9ItalyUSD 1.5 mn4.0%USD 2.2 mn4.0%
10BrazilUSD 1.1 mn3.0%USD 1.8 mn4.8%
11IndonesiaUSD 0.79 mn2.1%USD 1.4 mn5.8%
12SpainUSD 0.52 mn1.4%USD 0.81 mn4.5%
13SwitzerlandUSD 0.40 mn1.1%USD 0.62 mn4.5%
14BelgiumUSD 0.33 mn0.9%USD 0.52 mn4.5%
15CanadaUSD 0.29 mn0.8%USD 0.44 mn4.5%
16AustraliaUSD 0.25 mn0.7%USD 0.39 mn4.5%
17South KoreaUSD 0.23 mn0.6%USD 0.35 mn4.3%
18MexicoUSD 0.20 mn0.6%USD 0.32 mn4.5%
19TurkeyUSD 0.19 mn0.5%USD 0.29 mn4.5%
20PolandUSD 0.18 mn0.5%USD 0.27 mn4.5%
21RussiaUSD 0.16 mn0.5%USD 0.25 mn4.3%
22SingaporeUSD 0.15 mn0.4%USD 0.24 mn4.5%
23SwedenUSD 0.14 mn0.4%USD 0.22 mn4.5%
24MalaysiaUSD 0.14 mn0.4%USD 0.21 mn4.5%
25Sri LankaUSD 0.13 mn0.4%USD 0.20 mn4.2%
Rest of worldUSD 2.1 mn5.8%USD 3.1 mn4.0%
Exhibit 5United States and India account for 39% of the USD 20 mn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Nutmeg Oil market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 37 mn. United States: +USD 5.6 mn; India: +USD 2.3 mn; France: +USD 1.7 mn; China: +USD 1.6 mn; Germany: +USD 1.4 mn; 20 other countries: +USD 6.6 mn; Rest of world: +USD 1.0 mn. Market value 2036: USD 57 mn.Market value 202637 mnUnited States+5.6 mnIndia+2.3 mnFrance+1.7 mnChina+1.6 mnGermany+1.4 mn20 other countries+6.6 mnRest of world+1.0 mnMarket value 203657 mn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Synthite Industries
  • Kancor Ingredients
  • Berje
  • Indesso Aroma
  • Plant Lipids

Group 2: Regional and specialist players

  • Robertet
  • Takasago
  • Aromaaz International
  • Ultra International
  • Fleurchem
  • Lebermuth

Group 3: Emerging and niche players

  • Plant Therapy
  • Mountain Rose Herbs
  • Eden Botanicals
  • Aura Cacia
  • Edens Garden

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the nutmeg oil market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.5% is calculated from the resulting values.

The market is divided by application, by grade, by source, by product form, by buyer type. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the nutmeg oil market?

The global nutmeg oil market is estimated at USD 35 mn in 2025 and USD 37 mn in 2026.

How fast will the nutmeg oil market grow?

It is forecast to reach USD 57 mn by 2036, a compound annual growth rate of 4.5% from 2026, an increase of USD 20 mn.

Which country is the largest market for nutmeg oil?

United States is the largest market by revenue at USD 10 mn in 2026, 28.0% of the global total. The three largest countries together hold 46.0%.

Which country is growing fastest?

Among the ten largest markets, China is growing fastest at 6.4% a year from 2026 to 2036.

Which nutmeg oil segment is largest?

In the by application split, Food flavours is the largest segment with 50.0% of 2026 revenue.

Who are the leading nutmeg oil companies?

Global leaders include Synthite Industries, Kancor Ingredients, Berje, Indesso Aroma.

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