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Herb Oil Market Trends

Report ID: GMI7560
Published Date: Dec 2023
Report Format: PDF

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Herb Oil Market Trends

The rising demand for natural and organic products has driven the popularity of herb oils in food, cosmetics, and wellness sectors, with consumers seeking clean and sustainable alternatives. Second, there is an increasing emphasis on product traceability and quality assurance, with certifications such as organic and therapeutic grades gaining prominence. Third, the market is witnessing a surge in e-commerce and online retail channels, enabling wider product accessibility and consumer convenience. Finally, there's a growing interest in exploring the potential health benefits of herb oils, driving research and development in their applications in pharmaceuticals and holistic health, further expanding the market's horizons.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of herb oil reached USD 8.70 billion in 2022 and is poised to surpass USD 16.58 billion by 2032, as consumers seek healthier and more sustainable alternatives.

Basil oil segment generated revenues worth USD 2.06 billion in 2022, attributed to its versatile and distinctive flavor profile, making it a key ingredient in a wide range of culinary applications, including Italian, Mediterranean, and Asian cuisines.

Asia Pacific market size was worth USD 4.42 billion in 2022, due to the surging interest in natural and holistic health & wellness practices across countries in APAC.

DoTERRA, Young Living, NOW Foods, Nature's Way, Gaia Herbs, Herb Pharm, Planetary Herbals, Bluebonnet Nutrition, Jarrow Formulas, and Pure Encapsulations.