Portland, OR – July 24, 2023 – The American College of Health Sciences (ACHS) is delighted to provide valuable insights into the essential oil market forecast, highlighting key opportunities and emerging trends. As a leading institution specializing in health sciences education, ACHS aims to empower industry professionals and enthusiasts with the knowledge and understanding necessary to navigate the evolving landscape of the essential oil market.
According to a report by Marketsandmarkets.com, the essential oil market is poised for substantial growth, projected to increase from 8.8 billion in 2022 to 15.3 billion by 2027¹. This remarkable expansion is primarily driven by the rising demand within the food and beverage industry, as well as in aromatherapy, cosmetics and toiletries, home care, and healthcare sectors.
ACHS’s Founding President Dorene Petersen when asked about the essential oil market shares, “I learned early on in my integrative medicine career that the quality of an essential oil affects both safety and efficacy. Traveling worldwide to source organic essential oils was an invaluable education. However, purchasing essential oils is more complex than simply whether an oil is organic. It is vital to use essential oils in aromatherapy that have the correct therapeutic profile (constituents) and are free from any adulteration. For example, with the increased use of pesticides on a global scale, even certified organic essential oils can contain pesticides. There is often an allowable pesticide threshold that varies by country. Other considerations that are of vital importance to ACHS’s mission are fair trade, environmental stewardship and sustainability.”
To further explore the potential of the essential oil market, ACHS highlights key opportunities across various sectors. These include medical, pharmaceutical, nutraceuticals, food and beverages, bakery and confectionery, beverages, meat, poultry and seafood, spa and relaxation, and many more. ACHS recognizes the significant role that essential oils play in these industries, shaping consumer preferences and fueling market growth².
When it comes to essential oils, ACHS identifies several leading products that are currently shaping the market landscape. These include Cedarwood Oil Juniperus virginiana, Eucalyptus Oil Eucalyptus globulus , Lavender Oil Lavandula angustifolia, Lemongrass Oil Cymbopogon flexuosum, Rosemary Oil Rosmarinus officinalis, Tea Tree Oil Melaleuca alternifolia, Ylang Ylang Oil Cananga odorata , and others³. These essential oils are favored by consumers for their unique properties and diverse applications across various industries.
While the essential oil market offers tremendous opportunities, it also faces challenges. ACHS recognizes the potential issues associated with the use of synthetics and lower-quality essential oils. In response, ACHS emphasizes its support for sustainably sourced essential oils that maintain their therapeutic properties and uphold high-quality standards, ensuring consumers have access to oils that deliver the intended benefits.
ACHS’s Dean of Aromatherapy, Amanda Lattin shares, “Aromatherapy is an important integrative health modality because it is accessible in clinical settings and home use for self-care. A large portion of the aromatherapy sector continues to be product based; with professionals and individuals alike accessing various types of commercial aromatherapy preparations. This increased interest and appreciation for the beauty and value of aromatherapy points to the need for more education on the safety concerns and best practice guidelines for using essential oils in a therapeutic manner. ACHS is a proud leader in accredited aromatherapy education, with aromatherapy education programs to fit the needs of anyone interested in using essential oils, developing safe aromatherapy products, or incorporating aromatherapy into their current healthcare profession. Our graduates become empowered ambassadors of aromatherapy education in their communities and workplaces.”
With the rise of topical application methods, ACHS continues to play a crucial role in educating individuals in the field of aromatherapy, natural product manufacturing, and integrative health. ACHS offers comprehensive courses designed to equip students with the necessary knowledge and skills to excel in the evolving essential oil market.
ACHS offers programs in aromatherapy, natural product manufacturing, integrative health, and herbal medicine. ACHS has also recently launched its much-awaited Doctor of Science in Integrative Health (DSc) program—a cutting-edge online degree that empowers healthcare practitioners and professionals, equipping them with the essential tools and expertise to thrive in the realm of integrative and coordinated care. This innovative program is poised to meet the escalating demand for skilled integrative health and wellness specialists across diverse healthcare fields.
About ACHS:
The American College of Healthcare Sciences (ACHS), located in Portland, Oregon, is an accredited college specializing in online holistic health education. Founded in 1978, ACHS offers a range of certificate, diploma, and degree programs in complementary alternative medicine disciplines. ACHS is dedicated to providing exceptional online education based on evidence-based research, with an emphasis on sustainability and global stewardship.
For questions about this press release or to schedule an interview, please contact Tracey Abell at president@achs.edu.
Sources:
¹Essential oils market industry size, share & growth report, 2027. MarketsandMarkets. (n.d.). https://www.marketsandmarkets.com/
Market-Reports/
essential-oil-market-119674487.html
²Essential oils market size, share, growth & report 2023-2028. Size, Share, Growth & Report 2023-2028. (n.d.). https://www.imarcgroup.com/
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³Essential oils market size, share, growth & report 2023-2028. Size, Share, Growth & Report 2023-2028. (n.d.). https://www.imarcgroup.com/
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