The essential oil market has witnessed significant growth in the recent years, owing to wide range of applications in aromatherapy, personal care, health care, and food beverages industries. Essential oils are highly concentrated plant extracts that offer therapeutic properties through aromatherapy. Rising health and wellness awareness among individuals has boosted the demand for essential oils globally. Essential oils provide numerous health benefits such as reducing stress and anxiety, improving immunity and sleep, lessening pain, and treating various illnesses like cold, cough, and nasal congestion.
The Global essential oil market is estimated to be valued at US$ 21.66 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the essential oil market are BSN, Finaflex, EFX Sports, Nutrex Research, SynTech Nutrition, BPI Sports LLC, Nutrabolt, JNX Sports, SAN, eFlow Nutrition LLC. These major players are adopting collaboration and partnership strategies to expand their footprint in the emerging economies and meet the growing demand.
The increasing awareness about health and wellness among individuals is fueling the Essential Oils Market Demand. Essential oils offer numerous health benefits like reducing stress and anxiety, improving immunity and sleep, lessening pain, and treating illnesses like cold, cough, and nasal congestion which is boosting their adoption.
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