The Aromatherapy Market is expected to expand at a significant 10.5% CAGR over the forecast period (2021-2028).
The factors driving the growth of Aromatherapy Market includes rising use of aromatherapy to treat cardiovascular and respiratory disorders, gastrointestinal infections, and skin-related problems, increasing preference for natural therapies over man-made drugs, growing popularity of lavender oil, cedarwood oil and Roman chamomile oil and non-invasive nature of aromatherapy. As per the Global Burden of Disease Study 2017. around 545 million people worldwide suffered from chronic respiratory disease in 2017, showing an increase of 39.8% since 1990, which is pushing the demand for aromatherapy across the globe. Moreover, rise in the number of spas worldwide, increasing availability of essential oils at distribution channels, government initiatives promoting aromatherapy, growing awareness about the benefits of aromatherapy treatment, are some of the additional factors supplementing the Global Aromatherapy Market. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further propelling the Aromatherapy Market size.
However, growth of the Aromatherapy Market is hindered attributed to side effects of using essential oils.
The prominent players operating in the market are dōTERRA, Rocky Mountain Oils, Firmenich SA, Young Living Essential Oils, Phoenix Aromas & Essential Oils LLC, Enio Bonchev, Robertet, The Lebermuth Company, Inc., Biolandes., and Sydney Essential Oils Co, among others.
Based on Product, the Consumables segment is predicted to grow at a significant CAGR during the forecast period
Increasing use of essential oils to treat insomnia, anxiety to cardiovascular pains and rising number of spas and wellness centers across the globe, are some of the factors responsible for the segment’s growth.
Based on Mode of Delivery, the Direct Inhalation segment is projected to expand at a robust CAGR over the forecast period
As per the Aromatherapy Market Trends, increasing application of aromatherapy procedures to treat muscular pain and anxiety, is pushing segment’s growth.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
According to the Aromatherapy Market Analysis, rise in the number of saps and wellness centers across United States and Canada, growing awareness about the benefits of aromatherapy, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Segmentation by Product
- Essential Oils
- Carrier Oils
Segmentation by Mode of Delivery
- Topical Application
- Direct Inhalation
- Aerial Diffusion
Segmentation by End Use
- Wellness & Spa Centres
- Hospital & Clinics
- Yoga & Meditation Centres
Segmentation by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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