Aromatherapy

Aromatherapy

Essential Oil Market Expected to Hit USD 31.3 billion by 2031

The essential oils market is witnessing a surge in demand, driven by increased utilization of aromatherapy and heightened interest from the cosmetics industry. According to a report by Transparency Market Research, the market is expected to reach USD 31.3 billion by 2031, growing at a CAGR of 7.6%.

Increased Utilization of Aromatherapy

Aromatherapy, which involves the use of essential oils for therapeutic purposes, has gained popularity in recent years due to its natural healing properties. As more people seek alternative and holistic approaches to health and wellness, the demand for essential oils used in aromatherapy is expected to continue to rise.