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Key Drivers for U.S. Essential Oil Market to Ensure Healthy Growth

The demand for natural and organic products is splurging in the United States, and so is the consumption of essential oils by the personal care and cosmetics industries. The U.S. Essential Oil Market is projected to reach USD 7.34 billion by 2024, according to a new report by Grand View Research, Inc. Use of essential oils as a flavoring and aromatic agents is flourishing across distinct industries including food & beverages, medical, cleaning & home, spa & relaxation and others. Moreover, the healing properties of the essential oils and rising popularity of natural products for treating medical ailments has propelled this growth. The U.S. holds a prominent share in the essential oils market owing to beneficial government regulations and exemptions on import duty. The cosmetic industry is growing speedily around the globe and U.S. being the hub for many of these companies, demand for the essential oils is projected to witness rapid growth in upcoming years. To Know...