The essential oils market in Sweden has seen significant growth over the past decade, with values rising from €67.123 million in 2012 to €247.1 million in 2022. Key growth periods included 2015 with a 41.7% increase and 2016 with a 33.76% rise. However, the market did experience some volatility, notably in 2017 and 2019 with slight decreases. Over the last five years, despite minor fluctuations, the market retained a steady upward trajectory, reflected in a CAGR of 10.3% from 2018 to 2022. In 2023, the market remains strong, continuing its growth trends.
Future trends to watch for include increased consumer interest in natural and organic products, potential impacts of regulatory changes, and advancements in extraction and production technologies. Sustainability and ethical sourcing are expected to become more prominent themes, influencing both consumer preferences and company practices.
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,435,500,000 | 2023 | +1.28% | +1.62% | View data |
| 2 | 2 United Kingdom | 1,481,200,000 | 2023 | +0.66% | +1.83% | View data |
| 3 | 3 Spain | 1,424,900,000 | 2023 | +2.73% | +2.58% | View data |
| 4 | 4 Italy | 1,101,800,000 | 2023 | +1.3% | +1.16% | View data |
| 5 | 5 Poland | 858,670,000 | 2023 | +3.65% | +4.65% | View data |
| 6 | 6 Romania | 386,000,000 | 2023 | +5.33% | +7.62% | View data |
| 7 | 7 Sweden | 262,950,000 | 2023 | +5.37% | +7.85% | |
| 8 | 8 Austria | 252,640,000 | 2023 | +1.78% | +1.71% | View data |
| 9 | 9 Czech Republic | 221,960,000 | 2023 | +1.57% | +2.18% | View data |
