Essential Oil Market Expected to Hit USD 31.3 billion by 2031,...

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2024-04-18 13:41:56 - Translate

Essential Oil Market Expected to Hit USD 31.3 billion by 2031, Growing at a 7.6% CAGR

The global essential oil market is projected to rise at a CAGR of 7.6% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 31.3 billion is anticipated for the market in 2031. As of 2023, the demand for essential oil is expected to close at US$ 17.5 billion. Increasing application of essential oils in aromatherapy, personal care products, food and beverage, pharmaceutical,...

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