Essential Oil Market is a 6 Billion Dollar Category
As consumers are becoming more conscious about their health, they’ve begun to move towards more natural, organic, and holistic products and approaches to their lifestyles. One of the fastest-growing industries in this market is essential oils. Based on a recent report released by Grand View Research, Inc., the global essential oil market size exceeded $6 billion in 2015 and continues to increase. In fact, as the market for aromatherapy grows, combined with the rising demand for different flavors and scents, the global essential oil market is expected to exceed $13 billion by 2024.
For years, essential oils were used by naturopathic professionals. Many used essential oils in their diffusers or during their massages. Now, however, much more is known about the natural benefits of essentials oils and they are used for many purposes. For example, floral aromas such as lavender, jasmine, and palmarosa may be beneficial to the skin and nervous system, which makes them great additions to baths, foot soaks, massages and more. Citrus aromas, such as lemon, orange, and grapefruit provide antiseptic benefits and digestive support, making them great additions to cleaners, mists, and natural inhalation.
Indeed, Grand View’s recent report claimed that orange oil accounted for the majority (29.4%) of the total market volume in 2015. In Foundational Aromatherapy, Leiann King and Brenda Wright describe “Orange, Sweet Essential Oil” as being “a powerful solvent, degreaser” in addition to providing an uplifting aroma and support to the thyroid, lymphatic, and digestive systems. As a well-rounded, multi-purpose essential oil, the demand for orange will likely continue to rise.
Like orange essential oil, most essential oils may provide a variety of benefits and can be used for more than just personal and nutritional support. With the demand growing every day for essential oils, building, or even starting, an essential oil business has never been more ideal. Youngevity offers a wide selection of organic, wild-crafted, and/or ethically farmed essential oils and essential oil blends. Don’t get left behind! If you haven’t already tried essential oils, now’s the time to see what you’ve been missing.