The report “Essential Oils Market by Product Type Method of Extraction, Application, and Region – Global Forecast to 2022” was just released by MarketsandMarkets. 

It projects the Essential Oils Market to reach USD 11.19 Billion by 2022. It is forecasted to grow at a CAGR of 8.83% from 2017 to 2022.

The market is driven by economic factors such as rising double income households and increasing disposable incomes among consumers. Moreover, growing research & development activities and increased demand from food & beverage and cosmetic applications are also driving the market.

So what’s the fastest-growing market segment in essential oils? Aromatherapy, experts say.