The essential oils market in Italy showed fluctuations over the past decade, with values increasing from 985.19 million euros in 2013 to 1101.8 million euros in 2023. The market saw both declines and gains year-on-year, with notable growth in 2016 and 2022. The compound annual growth rate (CAGR) highlights marginal growth patterns, typically staying around or below 2% annually. As of 2024, projections anticipate continued but moderate growth, with the 5-year forecast CAGR at approximately 0.96%.
Future trends to watch for include potential shifts in consumer preferences towards natural wellness products, regulatory changes impacting the production and sale of essential oils, and innovations in extraction and production techniques that could drive market expansion.
