The Rising Influence of Essential Oils Across Various Industries
New Delhi [India], September 27: Essential oils are powerful extracts made from plants using processes like steam distillation or cold pressing. They are valued not only for their soothing fragrances but also for their natural healing and functional properties. The global essential oils market was worth USD 23.74 billion in 2023 and is expected to grow steadily at a 7.6% CAGR between 2024 and 2030.
This growth is driven by the rising use of essential oils in industries like food and beverages, cosmetics, personal care, aromatherapy and even pharmaceuticals. The shift towards natural, chemical-free products is also playing a major role in boosting demand worldwide. India has become a major hub for essential oil supply.
According to Krishna Singhal, Marketing Director of Sivaroma, “Consumers...