Top 10 Leading Players in Essential Oils Market Projected to Achieve a 8.4% CAGR by 2034
Top 10 Leading Players in Essential Oils Market Projected to Achieve a 8.4% CAGR by 2034 According to a new report from Intel Market Research , the global essential oils market was valued at USD 7.34 billion in 2024 and is projected to reach USD 12.77 billion by 2034 , growing at a CAGR of 8.4% during the forecast period. This growth is fueled by increasing consumer demand for natural wellness products, expansion of therapeutic applications, and rising adoption in personal care and beauty industries. What are Essential Oils? Essential oils are concentrated plant extracts obtained through distillation or mechanical methods that retain the natural aroma and beneficial properties of their source. Used for millennia in traditional medicine, these oils have gained modern scientific validation for applications ranging from aromatherapy to pharmaceutical formulations. The market primarily features lavender, peppermint, tea tree, eucalyptus, and citrus oils as flagship...