The essential oils market in Germany was 115.6 million kilograms in 2023, reflecting actual data. From 2024 to 2028, forecasted values show a clear declining trend in volume. The market size is expected to decrease from 103.04 million kilograms in 2024 to 66.356 million kilograms by 2028.
Year-on-year variations demonstrate significant decreases: - From 2024 to 2025: -9.03%- From 2025 to 2026: -9.82%- From 2026 to 2027: -10.8%- From 2027 to 2028: -11.97%
The compound annual growth rate (CAGR) from 2023 to 2028 indicates an average annual decline of approximately -9.8%.
Future trends to watch for include advancements in sustainable sourcing practices, potential regulatory changes, and new consumer preferences focusing on organic and natural products. Fluctuations in raw material costs and innovations in product applications could also influence market dynamics.
