Report Details:
15 Companies Covered
80 Pages
May, 2023 - Market Research Future (MRFR) published a report on Global Aromatherapy Market
The key sectors leading this market consist of different aromatherapy products, therapeutic purposes, and distribution channels. Together, these sectors are responsible for a considerable share of the overall revenue generated by this market.
Market Numbers Towards the end of the projected period, the global aromatherapy market is expected to be worth USD 11.52 billion at a CAGR of 7.87%.
Aromatherapy Market Highlights
Aromatherapy is a type of treatment that uses various essential oils and fragrances. During this type of treatment, these essential oils are used to balance the body's senses and meld the spiritual, physical and emotional states. Aromatherapy can be used to treat a wide range of ailments, both physical and mental, and it is becoming increasingly popular as a way of treating both illnesses and promoting physical and mental well-being.Over the forecast period, the aromatherapy market is likely to expand at a healthy rate. This is due to a number of factors, such as the increasing focus on holistic therapies and the expanding demand for natural health products. The demand for essential oils used in aromatherapy is likely to be driven by a growing number of customers who seek products that can provide immediate relief from a variety of health problems.
Market CAGRFrom 2022 to 2030, the industry is forecast to expand at a CAGR of 5.8 percent. Several factors, such as the expanding use of aromatherapy in the health and wellness industry, growing consumer knowledge of aromatherapy's advantages, and rising disposable incomes, are anticipated to fuel the market's expansion.
Industry OutlookDue to the increasing awareness of the benefits of aromatherapy, the market for aromatherapy is expected to be driven by a growing number of customers who seek products that can provide immediate relief from a variety of health problems, such as stress, anxiety, depression and muscle aches.In addition, the development of advanced technology and the availability of new and improved products will continue to drive the aromatherapy market growth. Aromatherapy is now being used for a wider range of purposes, such as skincare, spa treatments and home remedies, and this is likely to boost the market in the coming years.
Market SegmentationThe global aromatherapy market data is segmented by product type, therapeutic purpose, distribution channel, and region.By product type, the market can be divided into essential oils, oil diffusers, essential oil blends, and vaporizers.By therapeutic purpose, the market can be divided into physical, mental, and spiritual.By distribution channel, the market can be divided into online, retail stores, and spas/salons.The global market can be broken down into four distinct regions: North America, Europe, Asia-Pacific, and RoW.
Geographical CoverageAs there are many aromatherapy product manufacturers in the United States and Canada, this region is likely to have the biggest market share. The market in this area is also expected to benefit from the fact that the United States is home to the world's largest health and wellness industry.Europe is expected to be the second-largest market for aromatherapy, due to a growing demand for natural health products, such as essential oils and oil diffusers, in the region.It is anticipated that the Asia-Pacific region would be the market's fastest-growing area because of the region's expanding middle class and its increasing focus on health and wellbeing.
Market ForecastSeveral factors point to a bright future for the global aromatherapy market trends in the coming years, such as the increasing focus on holistic therapies and the expanding demand for natural health products, the increasing adoption of aromatherapy in the health and wellness industry, and the rise of disposable incomes in many countries.
Companies ProfiledThe report lists some of the leading companies in the global aromatherapy market insights, such as firmenich SA, Young Living, doTERRA, dōTERRA International LLC, clariant International AG, Procter & Gamble, Frontier Natural Products Co-op, Edens Garden, Rocky Mountain Oils, and others.
Concluding RemarksRising demand and knowledge of aromatherapy's benefits are likely to propel the global aromatherapy market share to substantial growth over the forecast period. The market is expected to benefit from the increasing focus on holistic therapies and the expansion of the health and wellness industry. Aromatherapy is expected to continue to be used for a variety of purposes, from skincare to spa treatments, which is likely to boost the market in the coming years.