The Global Aromatherapy Market was $1.67 Bn in 2020, and it is expected to reach $6.1 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 13.8% between 2020-2030. Aromatherapy is the complete treatment that uses lots of plant extract to promote health, skincare, and well-being. Aromatherapy or oil therapy uses aromatic pharmaceutically to improve health, mind, and spirit. Recently, oil therapy has gained more recognition in the medical and science filed. The increasing pressure, stress, and depression are the main factor for the growth of this market. Moreover, in the current pandemic of COVID-19 might make a slight difference in the growth rate in the current year. Now, moving forward, the robust demand for Global Aromatherapy Market in the healthcare department is further estimated to create new necessities and augment the market of growth over the forecast period of 2020-2030.
Aromatherapy is the therapy which uses natural oils to heal the body, mind and spirit. With increasing hypertension going around the world, people are looking towards inner peace and relaxation naturally. Aromatherapy products such as gels, oils and pastes are used according to acupuncture principles. Aromatherapy is becoming popular day by due to increasing trust towards healing of mental pressures as well as physical body stress. More than 100 companies are operating in this segment and established companies such as Unilever, P & G are also seeking towards aromatherapy products.
Global Aromatherapy Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global Aromatherapy market is segmented as the product segment, mode of delivery, and application. By product segment, the global aromatherapy market is bifurcated as Consumables, Essential oils, Singles, Herbaceous, Woody, Spicy, Floral, Citrus, Earthy, Camphoraceous, Others, Blends, Carrier oils, Equipment, Ultrasonic, Nebulizing, Evaporative, and Heat. By mode of delivery, the aromatherapy market is divided into Topical Application, Aerial Diffusion, and Direct Inhalation. By application, the aromatherapy market has been bifurcated as Relaxation, Skin & Hair Care, Pain Management, Insomnia, Scar Management, and Others.
By Region, North America is Holding the Major Market Share
The global Aromatherapy Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America has a significant share among those regions. Europe and North America are expected to continue their dominance in the global aromatherapy market. The collective revenues in these two regions exceed USD 4 billion from the aromatherapy products. The massive demand for aromatherapy products from this region boosts the market. Apart from that, Asia Pacific is expected to are expected to increase the growth rate over the upcoming forecast period of 2020 to 2030.
Major Players in Global Aromatherapy Market
The report covers a detailed outlook of the company, and it includes the market share and company or industry profiles of key players operating in the global market. Key players in the report include Edens Garden, Plant Therapy Inc., Thann-Oryza Co., Ltd., doTERRA International, Frontier Natural Products Co-op., Mountain Rose Herbs, G Baldwin & Co., Ouwave Aroma Tech (Shenzhen) Co., Ltd., RyohinKeikaku Co., Ltd. (Muji), Young Living Essential Oils, Plant Therapy Essential Oils, and Zija International. Among others.
Global Aromatherapy Market Has Been Segmented into:
Global Aromatherapy Market: By Product Segment
Global Aromatherapy Market: By Mode Of Delivery
Global Aromatherapy Market: By Applications
Global Aromatherapy Market: By Region