Essential Oils Market to be Worth $24.80 Billion by 2031

Essential Oils Market Size, Share, Forecast, & Trends Analysis by Source (Citrus {Orange}, Lavender, Tea Tree), Type (Organic), Extraction Method, Application (Food & Beverage, Aromatherapy), Distribution Channel (Direct Selling) – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the essential oils market is projected to reach $24.80 billion by 2031, at a CAGR of 8.8% during the forecast period 2024–2031. The growth of this market is driven by factors such as the increasing consumer preference for natural and organic products, the growing demand for essential oils from the aromatherapy industry, the rising awareness about the health benefits of essential oils, and the increasing concerns regarding the use of synthetic ingredients. However, the limited availability of raw materials and potential side effects or allergic reactions associated with certain essential oils may restrain market growth.