2022-10-14
Essential Oil Market was valued at USD 10.3 Billion in 2021, and it is expected to reach USD 21 Billion by 2029, exhibiting a CAGR of 9.31 % during the forecast period (2022-2029)
Essential oils are mainly made up from the roots, seeds, flowers, fruits and leaves of the same plant species using expression, steam distillation and from derivation of carbon dioxide. It is used in production of sprays, soaps, shower, and cleaning gels. The Global Essential Oils market is estimated to be driven by growing demand from key end-use industries, like food & beverage, personal care & cosmetics, & aromatherapy. Numerous health aids related to essential oils are expected to drive their demand in pharmaceutical & medical applications. Unlike most conservative medicines & drugs, essential oils have no major side effects. Such qualities of essential oils are expected to be the key factor for market development. In addition, the increasing prevalence of health concerns, like cardiovascular problems, Alzheimer`s, & bronchitis, is producing more demand for beneficial essential oils in aromatherapy applications.
Research Methodology
The research report relies heavily on both primary and secondary data sources. The research process entails the investigation of various factors affecting the industry, such as government policy, market environment, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and technical progress in related industries, as