In terms of revenue, the Global Aromatherapy Market is expected to reach USD 2,495.2 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.00% from 2022 to 2028.
The increasing consumer disposable income and the need to maintain a healthy lifestyle are expected to fuel the growth of the market during the forecast period.
Key Highlights from Report:
- The Direct-to-Consumer (DTC) segment held a significant share in 2021. Direct-to-customer marketing comprises both retail and e-commerce divisions and involves multilevel selling of Aromatherapy goods. The retail segment is expected to rise due to factors such as simplicity of purchase and the availability of products to smell before purchasing. Aromatherapy demand is expected to grow in the retail sector as people gain a better grasp of products and gain a better awareness of how to use them. Essential oils are available at retail stores such as Target and Walmart, allowing customers to choose from a variety of goods based on their preferences. Furthermore, when doctors prescribe essential oils, patients are more likely to visit retail outlets to acquire the goods, boosting category growth.
- The topical application segment is projected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. Improved therapeutic characteristics can be achieved through topical application. Essential oils are used to treat several skin and hair issues, including acne and skin tone improvement. Topical Aromatherapy provides relief from acute pain or discomfort, cuts and bruises, and better respiratory, immunological, neurological, and circulatory systems. Because of its usefulness in treating a variety of respiratory illnesses, direct inhalation is likely to rise at a healthy rate over the projection period. People's growing preference for natural products has increased the demand for such treatments, making them a viable alternative to pharmaceutical pharmaceuticals.
- Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is due to the availability of a plentiful supply of raw materials and low labor costs. Furthermore, a large number of consumers are assisting the region's expanding need for Aromatherapy.
The increasing demand for Aromatherapy in yoga and meditation facilities is anticipated to augment the growth of the Aromatherapy Market in the years to come. Essential oils are utilized to generate relaxing and soothing effects in yoga and meditation institutes. Aromatherapy also helps to alleviate anxiety and stress while also providing a soothing setting for meditation. Aromatherapy is utilized at spas and wellness facilities to encourage relaxation and stress relief, as well as stimulation of the circulatory, lymphatic, and musculoskeletal systems, which boosts immunity. Aromatherapy is also utilized to speed up the healing and recovery process. As a result, greater acceptance of Aromatherapy in spas and wellness centers is likely to drive market expansion in the coming years.
Aromatherapy is also widely used in hospitals and clinics because of its potential to enhance blood circulation relieve nausea, anxiety, and tension, ease digestion, and aid in rapid recuperation. Hospitals are using Aromatherapy to help patients heal because it is a non-invasive technique. As a result, essential oils are being used in a growing number of clinics and hospitals to aid with postoperative recovery.
North America held the largest shares in 2021. The United Kingdom dominated the Aromatherapy Market in the region. This is due to the growing presence of businesses in the region. Also, an increase in awareness of the benefits of essential oils is propelling the European essential oils industry forward. Furthermore, the increasing population of the region is helping to expand the Aromatherapy Market.