What is the status of essential oil business in the Philippines?

The essential oil business in the Philippines is experiencing growth, driven by increasing consumer interest in natural and organic products. Local producers are tapping into the country's rich biodiversity to create a variety of oils, such as coconut, lemongrass, and eucalyptus. Additionally, the rising trend of wellness and aromatherapy is boosting demand both domestically and internationally. However, challenges such as quality control and market competition remain for local entrepreneurs.