Essential Oils Market Size to Reach $29.52 Bn by 2031 Amid Growing Demand for Aromatherapy and Pharmaceutical Applications, Says Mordor Intelligence

HYDERABAD, India , Oct. 26, 2026 /PRNewswire/ -- According to Mordor Intelligence, the essential oils market size is estimated to increase to $20.08 billion in 2026 before reaching $29.52 billion by 2031 , registering a CAGR of 8.10% during 2026–2031 . Growing awareness of mental health is extending aromatherapy beyond traditional spas into hospitals and workplaces, while pharmaceutical interest in the potential antimicrobial, anti-inflammatory, and respiratory properties of essential oils is broadening their applications. Europe remains the largest market by value, while Asia-Pacific is gaining momentum in both production and consumption. Key Factors Shaping the Essential Oils Market Aromatherapy Expands Beyond Traditional Wellness Settings Growing awareness of mental health is supporting the use of aromatherapy in a wider range of environments, including hospitals and workplaces. This expansion beyond traditional spa settings creates opportunities for essential oil suppliers to ...