Essential Oils Market Outlook for Forecast Period (2023 to 2030)
Global Essential Oils Market was valued at USD 10.12 billion in 2021 and is expected to reach USD 18.64 billion by the year 2028, at a CAGR of 9.12%.
The essential oils market has experienced robust growth in recent years, driven by increasing consumer awareness regarding the benefits of natural products, growing demand for aromatherapy, and rising health consciousness among consumers. Essential oils, derived from plants, have found widespread applications in aromatherapy, cosmetics, food and beverages, pharmaceuticals, and household cleaning products. The market is characterized by a diverse product range, including lavender, tea tree, peppermint, eucalyptus, and citrus oils, among others. Key players in the market are focusing on product innovation, sustainable sourcing practices, and expanding their distribution networks to capitalize on the growing demand.
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