The Essential Oils of Mints (Except Peppermints) market in France experienced fluctuations from 2013 to 2023, reaching a value of 27.8 million USD in 2023. Notably, the market showed a declining trend starting from 2015, with significant dips in 2015 and 2020. A minor recovery was observed in 2021 and 2022, with year-on-year growth rates of 10.76% and 1.82%, respectively. However, the compound annual growth rate (CAGR) over the last five years was negative at -3.23%, indicating an overall downward trend.
Future trends to watch for include:
- Potential recovery driven by increased preference for natural and organic products.
- Technological advancements in extraction processes.
- Inflation and changing regulatory standards affecting market dynamics.
