The projected import growth of essential oils, resinoids, and terpenic by-products to the US, expressed in billions of USD, shows a steady year-on-year increase from 2024 to 2028. In 2023, actual imports stood at a lower level, marking a basis for future expansion. Over the forecast period, a consistent compound annual growth rate (CAGR) suggests a strong positive trend. Attention to this trend underscores the burgeoning market demand and rising consumer interest in natural products.
Future trends to watch for:
- Increasing consumer preference for natural and organic products.
- Innovations in essential oil extraction and synthetic alternatives.
- Regulatory impacts affecting import processes and standards.
