It is anticipated that the global Aromatherapy Market demand will experience positive growth with a projected CAGR of 8.1% from 2022 to 2032. The market is estimated to have been valued at approximately US$ 5.9 billion in 2022 and is predicted to reach US$ 12.9 billion by 2032. Aromatherapy has been increasingly used for various health benefits, which is expected to drive industry growth during the projection period. Future Market Insights’ historical analysis shows that the global aromatherapy market grew significantly with a CAGR of 6.5% from 2016 to 2021.
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Aromatherapy is a holistic therapeutic alternative that utilizes aromatic ingredients like essential oils derived from plants. It is considered a medication that promotes the health of the body, mind, and spirit, improving physical and mental well-being. The aromatherapy sector is expected to expand significantly in the future due to its extensive range of uses and low side effects. As more people become aware of the benefits of essential oils, the market is expected to grow, particularly among patients suffering from skin disorders and acne.
The Covid-19 pandemic has had a significant impact on consumer preferences for aromatherapy. With increasing scientific evidence supporting the numerous benefits of aromatherapy and topical essential oil therapies for pain relief in conditions such as dysmenorrhea, the market is expected to experience significant growth in the coming years. Additionally, several hospital-based aromatherapy programs are rapidly being developed in developed nations, which is projected to support the expansion of the aromatherapy market.
Key Takeaways
- Several wellness professionals including spa therapists, aroma therapists, massage therapists, and gym trainers, prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, stress, and other conditions because essential oils provide the desired therapeutic effects with minimal or no side effects. This is due to the fact that these treatments may be conducted without the use of medicines.
- One of the crucial driving factors propelling the growth of the global aromatherapy industry is known to be its strong distribution network. Various essential oil markers are working on negotiating distribution arrangements with large retail corporations to make their goods available, which will result in greater penetration of aromatherapy treatments and products.
- Aromatherapies are rapidly being preferred these days attributing their properties for relaxation is likely to contribute to the aromatherapy market’s revenue development. The development of inhalation aromatherapy for the treatment of sleep issues such as insomnia is significant market advancement.
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Competitive Landscape
Dominant aromatherapy product manufacturers are employing multi-level marketing tactics in order to enhance product distribution and they are also considering hiring a large number of independent distributors. This has resulted in increased accessibility and affordability of aromatherapy goods are likely to stimulate global demand for essential oils and aromatherapy diffuser products.
An extensive marketing network of distributors is expected to benefit both global and local market participants. In addition to that, firms are providing their aromatherapy goods online, which are projected to assist the aromatherapy market’s growth.
Key Players
- doTERRA
- International Flavors & Fragrances Inc.
- Symrise
- Edens Garden
- Young Living Essential Oils
- Rocky Mountain Oil
- Mountain Rose Herbs
- Plant Therapy Inc.
- Thann-Oryza Co. Ltd.
- Isagenix International LLC
More Insights into the Aromatherapy Market
North America is expected to dominate the global aromatherapy market owing to the presence of crucial market competitors in the region. The growth in the region is also attributed to the surging sales of crucial oil for home use, lifestyle changes, a growing urban population, and the increased influence of the media are all factors boosting demand for aromatherapy goods in the region.
The aromatherapy market in Europe is expected to rise significantly over the forecast period. The rising popularity of aromatherapy as a therapeutic and pharmacological alternative is expected to drive market expansion in Europe. The majority of essential oils are sold in European nations including the United Kingdom, Germany, the Netherlands, Belgium, and Ireland.
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Key Segments Covered in the Aromatherapy Industry Analysis
Aromatherapy Market by Product:
- Aromatherapy Consumables
- Essential Oils
- Floral
- Citrus
- Herbaceous
- Spicy
- Woodsy
- Earthy
- Camphorous
- Others
- Blended Oils
- Carrier Oils
- Essential Oils
- Aromatherapy Equipment
- Nebulizing Diffusers
- Ultrasonic Diffusers
- Evaporative Diffusers
- Heat Diffusers
Aromatherapy Market by Application:
- Relaxation
- Insomnia
- Pain Management
- Scar Management
- Skin & Hair Care
- Cold & Cough
- Others
Aromatherapy Market by Mode of Delivery:
- Topical Application
- Direct Inhalation
- Aerial Diffusion
Aromatherapy Market by Distribution Channel:
- Aromatherapy Products Sold at Retail Shops
- Aromatherapy Products Sold through Online Channels
- Direct Distribution of Aromatherapy Products
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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