Wellness is one of the world’s largest and fastest-growing industries. Consumer demand for wellness services and products is higher than ever with recent reports indicating the sector is worth $3.4 trillion, making it nearly three times larger than the $1 trillion worldwide pharmaceutical industry.
One component of the industry that seems to touch a number of Wellness sectors is the market for Essential Oils which is expected to touch US$17.36 billion by the start of 2019.
Further, the Essential Oils market is projected to expand at a CAGR of 9.60% between 2019 and 2022 and attain a value of US$27.49 billion by the end of 2022.
Although the future of the Essential Oils market looks thriving, it may face obstacles in its growth trajectory from the high price of essential oils and the confusion of its use among consumers regarding their benefits, however, the increasing demand for essential oil in aromatherapy and various natural remedies are expected to propel this market further.
21st & Dolores my personal business venture is working on a minimum viable product in the Essential Oils market and is now seeking first-round investment.
It’s called Connections Oils and to learn and follow its progress click here.