Agarwood Essential Oil Market Share Guide 2031 Forecast
05/09/2024 Business Opportunities, Franchise
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Description
Agarwood Essential Oil Market was anticipated to be USD 235.9 million in 2023. It is expected to expand at a compound annual growth rate (CAGR) of 6.53% from 2024 to 2031, reaching USD 249.5 million in 2024.
The global agarwood essential oil market is experiencing significant growth driven by increasing consumer demand for natural and organic products. Renowned for its unique fragrance and therapeutic properties, agarwood essential oil is extensively used in perfumes, incense, cosmetics, and aromatherapy. The market's expansion is attributed to the rising popularity of aromatherapy, the health benefits of essential oils, and the shift towards natural ingredients in personal care products.
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