In 2023, the sold production of concentrates of essential oils in fats in Italy stood at an estimated value of 1.27 million kilograms. Between 2024 and 2028, there is a consistent upward trend projected in the production volume, growing from 1.56 million kilograms to 2.73 million kilograms. This reflects increasing demand for such products.
Year-on-year growth shows a robust increase, rising by approximately 19% from 2024 to 2025, 16% from 2025 to 2026, 14% from 2026 to 2027, and 12% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is projected to be around 16%.
Future trends to watch for include:
- Shifts towards sustainable production practices and sourcing.
- Potential regulatory changes impacting production and distribution.
- Technological advancements in extraction and quality improvement.
- Increasing integration of essential oils in various industries such as personal care and wellness.