The Essential Oils of Lemon market in Greece has experienced fluctuations from 2013 to 2023, with the market size reaching 477.01 thousand USD in 2023. The market's value peaked in 2015 and saw a significant decline until 2020, followed by a slight recovery. Recent years showed marginal year-on-year changes, with a decline of 2.38% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) for the past five years is -2.93%, indicating an overall contraction of the market.
Future trends to watch for include:
- Potential market recovery driven by increased demand for natural products.
- Innovation in product applications beyond traditional uses to stimulate growth.
- Impact of regulatory changes and increased emphasis on sustainability.
