From 2013 to 2023, the essential oils market in France displayed significant fluctuations. The market size in 2023 was valued at approximately €2.4355 billion. Over the recent two years, there was a steady growth rate with a year-on-year increase of 1.31% in 2022 and 1.28% in 2023. The CAGR over the last five years was 1.62%, depicting modest consistent growth. The market experienced notable volatility, including a sharp drop in 2020 followed by a recovery in subsequent years.
Looking forward, the forecasted CAGR from 2024 to 2028 is expected to be 0.94%, indicating a more stable yet slower growth pattern. Future trends to watch for include potential impacts of sustainable production practices, increased consumer awareness of natural product benefits, and regulatory changes in the market.
