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.
| Scope | Essential oil steam-distilled from nutmeg and mace kernels, sold to flavour, fragrance, oral care, pharmaceutical and aromatherapy users. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 35 mn |
| Value 2026 | USD 37 mn |
| Value 2036 | USD 57 mn |
| CAGR 2026-2036 | 4.5% |
| Volume 2026 | 517 tonnes |
| Volume 2036 | 727 tonnes |
| Average price 2026 | USD 70,700 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Nutmeg Oil market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 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 |
Nutmeg Oil market segmentation
By application
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Food flavours | 50.0% | 48.2% | USD 18 mn | 4.1% |
| Fragrance and cosmetics | 20.0% | 20.2% | USD 7.3 mn | 4.6% |
| Pharma and aromatherapy | 18.0% | 20.0% | USD 6.6 mn | 5.6% |
| Oral care and other | 12.0% | 11.6% | USD 4.4 mn | 4.1% |
By grade
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| East Indian and conventional | 70.0% | 66.1% | USD 26 mn | 3.9% |
| West Indian | 15.0% | 14.2% | USD 5.5 mn | 3.9% |
| Organic | 15.0% | 19.7% | USD 5.5 mn | 7.4% |
By source
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Nutmeg kernel | 68.0% | 65.0% | USD 25 mn | 4.0% |
| Mace | 21.0% | 21.0% | USD 7.7 mn | 4.5% |
| Nutmeg and mace blends | 11.0% | 14.0% | USD 4.0 mn | 7.0% |
By product form
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Essential oil | 56.0% | 52.0% | USD 20 mn | 3.7% |
| Oleoresin | 25.0% | 26.0% | USD 9.1 mn | 4.9% |
| Rectified and fractionated oil | 19.0% | 22.0% | USD 7.0 mn | 6.0% |
By buyer type
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Flavour and fragrance houses | 52.0% | 49.0% | USD 19 mn | 3.9% |
| Food and beverage makers | 26.0% | 26.0% | USD 9.5 mn | 4.5% |
| Cosmetic and pharma makers | 22.0% | 25.0% | USD 8.1 mn | 5.8% |
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%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 10 mn | 28.0% | USD 16 mn | 4.5% |
| 2 | France | USD 3.7 mn | 10.0% | USD 5.4 mn | 4.0% |
| 3 | Germany | USD 2.9 mn | 8.0% | USD 4.3 mn | 4.0% |
| 4 | India | USD 2.9 mn | 8.0% | USD 5.2 mn | 6.0% |
| 5 | United Kingdom | USD 2.2 mn | 6.0% | USD 3.2 mn | 4.0% |
| 6 | Japan | USD 2.2 mn | 6.0% | USD 3.1 mn | 3.4% |
| 7 | Netherlands | USD 1.8 mn | 5.0% | USD 2.7 mn | 4.1% |
| 8 | China | USD 1.8 mn | 5.0% | USD 3.4 mn | 6.4% |
| 9 | Italy | USD 1.5 mn | 4.0% | USD 2.2 mn | 4.0% |
| 10 | Brazil | USD 1.1 mn | 3.0% | USD 1.8 mn | 4.8% |
| 11 | Indonesia | USD 0.79 mn | 2.1% | USD 1.4 mn | 5.8% |
| 12 | Spain | USD 0.52 mn | 1.4% | USD 0.81 mn | 4.5% |
| 13 | Switzerland | USD 0.40 mn | 1.1% | USD 0.62 mn | 4.5% |
| 14 | Belgium | USD 0.33 mn | 0.9% | USD 0.52 mn | 4.5% |
| 15 | Canada | USD 0.29 mn | 0.8% | USD 0.44 mn | 4.5% |
| 16 | Australia | USD 0.25 mn | 0.7% | USD 0.39 mn | 4.5% |
| 17 | South Korea | USD 0.23 mn | 0.6% | USD 0.35 mn | 4.3% |
| 18 | Mexico | USD 0.20 mn | 0.6% | USD 0.32 mn | 4.5% |
| 19 | Turkey | USD 0.19 mn | 0.5% | USD 0.29 mn | 4.5% |
| 20 | Poland | USD 0.18 mn | 0.5% | USD 0.27 mn | 4.5% |
| 21 | Russia | USD 0.16 mn | 0.5% | USD 0.25 mn | 4.3% |
| 22 | Singapore | USD 0.15 mn | 0.4% | USD 0.24 mn | 4.5% |
| 23 | Sweden | USD 0.14 mn | 0.4% | USD 0.22 mn | 4.5% |
| 24 | Malaysia | USD 0.14 mn | 0.4% | USD 0.21 mn | 4.5% |
| 25 | Sri Lanka | USD 0.13 mn | 0.4% | USD 0.20 mn | 4.2% |
| Rest of world | USD 2.1 mn | 5.8% | USD 3.1 mn | 4.0% |
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.
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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