Aromatherapy Market
Aromatherapy Market Size, Share & Trends Analysis Report by Product (Consumables, Equipment), by Mode of Delivery (Topical Application, Aerial Diffusion, Direct Inhalation), by Application (Relaxation, Skin & Hair Care, Pain Management, Cold & Cough), by Distribution Channel (DTC, B2B), by End-Use (Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)
Market Snapshot
| Aromatherapy Market Forecast Year: | 2022 - 2028 |
| Aromatherapy Market Historical Year: | 2016 - 2021 |
| Aromatherapy Market 2021: | USD 1,729.5 Million |
| Aromatherapy Projected Market 2028: | USD 2,495.2 Million |
| Aromatherapy Market CAGR: | 6.3% |
| Fastest Growing Region: | Asia Pacific |
| Largest Region: | North America |
Global Aromatherapy Market
Aromatherapy Market- By Product, Mode of Delivery, End Users, Distributional Channel, Application, and Region.
Market Synopsis:
The Global Aromatherapy Market is valued at USD 1,729.5 Million in the year 2021 and is forecasted to reach a value of USD 2,495.2 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.3% over the forecast period.
Aromatherapy is a form of primary medicine that can be used to treat a variety of illnesses. This treatment makes use of natural herbs, oils, and flowers. The body and mind are believed to benefit from the essential oil and other ingredients. The market is expected to be driven by increasing awareness about the medicinal uses of essential oils, as well as a growing preference for natural products. The Aromatherapy Market is expected to be driven by growing public awareness of these alternative treatments. The worldwide Aromatherapy Market is likely to benefit from the growing popularity of e-commerce, owing to the simplicity of purchase and availability of a diverse selection of products.
Aromatherapy is a supplementary medicine that aids in the recovery of a variety of ailments, including pain, cardiovascular disease, respiratory disease, skin problems, cold and cough, digestion issues, immune system malfunction, sleeplessness, anxiety, and wounds. Many end-users are attracted to the product for its mental and physical benefits. The market's revenue rates will rise in the forecast period due to increasing demand. Aromatherapy reflectors are also in high demand in several areas. Aromatherapy uses essential oils to provide emotional relaxation. Because of the great demand for these diffusers, the output is high.
The rising prevalence of chronic illness will provide greater opportunity for the Aromatherapy industry to expand. Aromatherapy is beneficial to arthritis sufferers. Without any invasive procedures, the pain relief is remarkable. It is a characteristic that will provide the Aromatherapy Market more room to grow during the forecast period. Furthermore, the Aromatherapy Market's research ad envelopment is expected to grow in the next years. It will result in more effective therapies. Major players are launching a growing number of measures to expand their worldwide footprint. These strategic developments have benefited both corporations and governments where new markets have emerged.
Parameter
Details
Market Size Provided for Years
2016-2028
Base Year
2021
Historic Years
2016-2020
Forecast Years
2022-2028
Segments Covered
Region & Counties Covered
Companies Covered
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST
analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market
attractiveness analysis by segments and North America, company market share analysis, and COVID-19
impact analysis
Market Segmentation:
The Aromatherapy Market is segmented based on Product, Mode of Delivery, End Users, Distributional Channel, Application, and Region. Based on Product, the market is segmented as Consumables and Equipment. Based on the Mode of Delivery, the market is segmented into Topical Application, Aerial Diffusion, and Direct Inhalation. Based on Application, the market is segmented as Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Scar Management and Other Remedies. Based on Distribution Channel, the market is segmented into DTC and BTB. Based on End-Use, the market is segmented as Home Use, Spa & Wellness Centers, Hospitals & Clinics, and Yoga & Meditation Centers.
Based on Product:
Based on Product, the market is segmented as Consumables and Equipment. Consumable’s product holds the largest share in the market due to the growing use of essential oils as medicinal agents for a variety of diseases. Essential oils and carrier oils are examples of Consumables. Blended essential oils are made by combining one or more separate essential oils that chemically interact. Essential oils are organic volatile oils that are derived from plants by distillation. This method involves extracting oils from various parts of a plant, such as leaves, petals, stems, roots, or bark, using water or steam. These oils offer natural healing characteristics that aid in stress reduction, pain relief, and general wellness. As a result, essential oils are also regarded as complementary medications.
Based on Applications:
Based on Applications, the market is segmented as Relaxation, Pain Management, Skin & Hair Care, Cold & Cough, Insomnia, Scar Management and Other Remedies. The Relaxation segment is anticipated to grow at the highest rate during the forecast period. Due to an increase in the number of people suffering from anxiety Aromatherapy oils can soothe people, thereby balancing their hyperactive mental states. People are also concerned about stress management. People are turning to these solutions to relieve stress because they preferred treatments.
North America is Projected to Grow at the Highest CAGR During the Forecast Period
North America is accounted to grow at the highest Compound Annual Growth Rate (CAGR) during the forecast period. The rise in the number of patients seeking natural substances for the treatment of stress, anxiety, and depression can be linked to dominance. The demand in the North American region is projected to be fueled by favorable laws and regulations for essential oil farming. During the projection period, Asia Pacific is expected to be the fastest-growing region. Aromatherapy's growing appeal as a therapeutic and pharmacological alternative is projected to fuel market expansion. More growth will result from favorable government regulation and oil framing in North America. The Aromatherapy Market in the Asia Pacific is noted for its quick growth. This region's income for health and wellness is increasing. Aromatherapy has several big essential oil producers.
The key players in the Global Aromatherapy Market include- Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Rocky Mountain Oils LLC, Plant Therapy Essential Oils, FLORIANA, Biolandes, Falcon, Stadler Form Aktiengesellschaft, Hubmar International, SpaRoom, EO Products, NOW Foods, Ryohin Keikaku Co. Ltd. and others.
Segmentation of the Global Aromatherapy Market:
Research Methodology: Aromatherapy Market by Product by Mode of Delivery by Application by Distribution Channel by End-Use by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Primary research is conducted to verify and revalidate the data gained/procured from the secondary data sources. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Aromatherapymarket size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Aromatherapysupply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Aromatherapymarket.
Frequently Asked Questions
-
What is
the global demand for Aromatherapy
in terms of revenue?
The global Aromatherapy valued at USD 1,729.5 Million in 2020 and is expected to reach USD 2,495.2 Million in 2028 growing at a CAGR of 6.3%
-
Which
are the prominent players
in the market?
The prominent players in the market are Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Rocky Mountain Oils LLC, Plant Therapy Essential Oils, FLORIANA, Biolandes, Falcon, Stadler Form Aktiengesellschaft, Hubmar International, SpaRoom, EO Products, NOW Foods, Ryohin Keikaku Co. Ltd..
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.3% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Aromatherapy include
- Aromatherapy Provides Various Health Benefits
-
Which
region accounted for the
largest share in the market?
North America was the leading regional segment of the Aromatherapy in 2020.
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