In 2023, France imported peppermint essential oils valued at around $11.83 million. From 2024, the forecast indicates a steady annual increase, reaching $13.022 million by 2028. The year-on-year growth rates show a consistent upward trend: 2.06% from 2024 to 2025, 1.97% from 2025 to 2026, and 1.89% from 2026 to 2027. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.95%, reflecting sustained growth in demand.
Future trends to watch for include:
- Potential impact of global supply chain dynamics on import costs and availability.
- Emerging consumer preferences for natural and organic products boosting demand for essential oils.
- Regulatory changes in trade policies or environmental standards affecting production and sourcing.