Essential Oil Market Worth $35.5 Billion By 2028 | CAGR: 7.4%
Essential Oils Industry Overview The global essential oils market size is estimated to reach USD 35.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2021 to 2028. The growth can be attributed to the rising awareness regarding the health benefits of naturally sourced oils and the growing inclination of people towards aromatherapy. Additionally, increasing demand from major end-use industries such as food and beverage and personal care, and cosmetics is likely to have a positive impact on the market. Essential Oils Market Segmentation Grand View Research has segmented the global essential oil market based on product, application, sales channel, and region: Based on the Product Insights, the market is segmented into Acorus Calamus, Ajowan, Basil, Black pepper, Cardamom, Carrot Seed, Cassia, Cedarwood, Celery, Cinnamon, Citronella, Clove, Cornmint, Cumin Seed, Curry Leaf, Cypriol, Davana, Dill ...