As of 2023, the Essential Oils of Orange market size value per capita in China is estimated to be slightly lower than the projected value for 2024 at $0.14. From 2024 to 2028, a steady growth trend is observed, with the value per capita increasing from $0.14 to $0.16. The forecasted year-on-year growth from 2024 to 2025 is approximately 7.14%, and from 2026 to 2027 about 6.67%. Over the five-year horizon, a compounded annual growth rate (CAGR) of approximately 3.42% is estimated.
Future trends to watch for include:
- Increased consumer demand for natural and organic products driving market expansion.
- Potential regulatory changes in China impacting production and importation.
- Technological advancements in extraction processes enhancing product quality and efficiency.
- Global economic factors influencing raw material costs and market stability.