The global essential oils market size was valued at USD 8.8 billion in 2022 and is expected to grow at a CAGR of 11.8%, reaching a value of $15.3 billion by 2027. The data highlights the growth potential of the essential oil industry over the next few years.

 

A recent research study examines industry trends in the market, focusing on aspects such as essenital oils pricing, patents, conference and online seminar materials, key stakeholders, and consumer buying behavior. The market is experiencing growth driven by major end-use industries like food and beverages, beauty and personal care, and aromatherapy. Essential oils are increasingly being utilized in various industries due to their health benefits and minimal side effects. In North America, the demand for these oils has been bolstered by the increasing preference for a healthy lifestyle and ingredient transparency. Furthermore, the applications of essential oils in research and development (R&D) and product development are expanding rapidly, indicating a promising global market outlook in the years to come.