The Essential Oils of Orange market in Austria showed a steady increase from 2013 to 2023, reaching a value of $0.55 per capita in 2023. The growth from 2022 to 2023 was 1.85%, while the average annual growth rate over the last five years (CAGR) was 2.17%. This consistent upward trend suggests a stable market demand and increasing consumer preference for orange essential oils.
Future trends to watch for include:
- Growing consumer interest in natural and organic products.
- Potential impacts of environmental sustainability on production processes.
- Technological advancements in oil extraction methods.
- Changes in regulatory frameworks affecting imports and quality standards.