The essential oils market in France, measured in million kilograms, is set at 77.232 as of 2023. From 2013 to 2023, the market demonstrated fluctuations, with notable increases in 2017 and 2019, but recent years show more stability with minor increases of 0.5% in both 2022 and 2023. Despite some declines, the market showed resilience, especially from 2018 to 2019, where strong growth was observed.
The forecast for the period from 2024 to 2028 projects steady but modest growth with a five-year CAGR of 0.38%, gradually increasing the market size to 79.092 million kilograms by 2028. This indicates a stable yet slow growth trajectory for the market.
Future trends to watch for include:
- Increased demand for natural and organic products driven by consumer awareness and preference shifts.
- Technological advancements in extraction methods enhancing oil quality and yield.
- Expansion of applications in wellness, cosmetics, and aromatherapy sectors.