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 is witnessing robust growth globally, driven by increasing consumer awareness regarding natural and organic products, rising health consciousness, and expanding applications across various industries. Essential oils, derived from plants through distillation or mechanical methods, possess aromatic and therapeutic properties, making them versatile ingredients in aromatherapy, cosmetics, food and beverages, pharmaceuticals, and household products.
The market comprises a wide range of essential oils extracted from diverse plant sources, including lavender, tea tree, peppermint, eucalyptus, citrus fruits, and many others. These oils are valued for their distinct fragrances, therapeutic benefits, and potential health-promoting properties, contributing to their widespread adoption across industries and consumer segments.
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