Northbrook, IL 60062 -- (SBWire) -- 07/11/2023 --According to a research report titled "UK Essential Oils Market by Product Type, Application, Source, Method of Extraction, and Region - Global Forecast to 2027," published by MarketsandMarkets, the UK essential oils market is projected to grow at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2027.
The market is experiencing significant growth due to the increasing awareness of aromatherapy and its associated therapeutic benefits. Consumers in the UK are actively seeking essential oils to incorporate into their daily routines and wellness practices, leading to a substantial expansion in the market. Aromatherapy is gaining recognition as an important aspect of holistic wellness, driving the demand for essential oils and contributing to market growth.
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The rising awareness of essential oils' benefits has led to collaborations between essential oil manufacturers, wellness centers, and healthcare professionals. These partnerships play a crucial role in promoting the advantages of essential oils, educating consumers, and creating an environment that supports the thriving essential oils market. Essential oils are being integrated into hair care products for their potential to promote healthy hair and scalp. They are also used in natural perfumes as an alternative to synthetic chemicals, appealing to consumers seeking non-toxic fragrance options. Additionally, essential oils are being utilized in eco-friendly household cleaning products, offering a natural alternative to traditional cleaning agents.
The expanding applications of essential oils not only drive the demand but also widen the market's reach. This diversification attracts consumers from various industries and segments with different needs and preferences. As a result, it sustains market growth and provides opportunities for essential oil manufacturers to cater to a broader customer base.
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UK Essential Oils Industry to Grow at a CAGR 9.7% from 2022 to 2027
UK Essential Oils Market by Product Type, Application (Food & beverages, Cosmetics & Toiletries, Aromatherapy, Home Care, and Health Care), Source (Fruits & Vegetables, Herbs & Spices, Flowers), Method of Extraction and Region - Global Forecast to 2027