In 2023, the hours worked in the essential oils sector in Germany were estimated at approximately 10.600 million. Forecasts from 2024 to 2028 show a steady increase, from 10.706 million hours in 2024 to 11.169 million hours in 2028. The year-on-year growth rates are gradually improving, reflecting a consistent expansion in the sector. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is indicative of a stable market with a mild upward trend.
Future trends to watch for:
- Increased demand for natural products might accelerate growth further.
- Technological advancements could potentially increase productivity, altering forecasted hours.
- Regulatory changes in the EU concerning essential oils could impact industry dynamics.