The sold production of essential oils in France is forecasted to increase from 89.323 million kilograms in 2024 to 97.09 million kilograms by 2028. This indicates a steady growth trajectory in both volume and value of the essential oils market. In 2023, the market stood at 87.5 million kilograms, with year-on-year growth rates of 2.08% for 2024 and approximately 2.21%, 2.14%, and 2.01% for subsequent years.
From 2022 to 2023, a slight upward trend was observed, with a yearly increase of about 2.17%, evidencing recovery and expansion. Over the five years from 2023 to 2028, the compound annual growth rate (CAGR) is projected to be around 2.15%, signaling a consistent and healthy progression in the industry.
Future trends to watch for:
- Increased consumer demand for natural and organic products driving the essential oils market.
- Technological advancements in extraction and production methods enhancing product quality.
- Expansion of applications in various sectors including cosmetics, pharmaceuticals, and food & beverage industries.
- Potential regulatory changes affecting production and distribution standards.
