Aromatherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Consumables v/s Diffusers), By Mode of Delivery (Topical Application, Aerial Diffusion, Direct Inhalation), By Distribution Channel (Direct-To-Consumer v/s B2B), By Application (Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Others), By End User (Hospital
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAromatherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Consumables v/s Diffusers), By Mode of Delivery (Topical Application, Aerial Diffusion, Direct Inhalation), By Distribution Channel (Direct-To-Consumer v/s B2B), By Application (Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Others), By End User (Hospital
Global aromatherapy market is anticipated to register a steady CAGR during the forecast period, 2024-2028. This can be ascribed to increasing stress, anxiety and depression among people caused by the changing lifestyle and containment measures to curb the spread of the COVID-19 outbreak and awareness amongst people and patients regarding the benefits associated with the usage of aromatherapy. Increasing demand for natural therapies instead of man-made drugs, increasing investment by major players to expand their geographic presence is expected to boost the market during the forecast period. Growing demand for relaxation-inducing activities and growing technical developments and automation in manufacturing procedures as well as increasing industry research and development efforts will further create lucrative opportunities for the market growth during the forecast period. Another factor contributing to the growth of the aromatherapy market is the increasing use of essential oils in the spa and wellness industry. Aromatherapy massages, facials, and other treatments are becoming increasingly popular, as consumers seek out natural and holistic approaches to relaxation and stress relief. In addition to the beauty and wellness industries, aromatherapy is also being used in the healthcare sector. Essential oils are being used to treat a wide range of conditions, including anxiety, depression, pain, and inflammation. The use of essential oils in hospitals and clinics is also on the rise, as healthcare professionals recognize the potential benefits of aromatherapy for their patients. The therapeutic benefits of essential oils have also contributed to the growth of the aromatherapy market. Essential oils have been used for centuries for their therapeutic properties, and modern research has confirmed their effectiveness in treating various health conditions such as anxiety, depression, and insomnia. Aromatherapy is also increasingly being used in clinical settings as a complementary therapy to conventional medicine. Another factor driving the growth of the aromatherapy market is the increasing popularity of alternative therapies. Consumers are turning towards alternative therapies such as aromatherapy to manage their health conditions and improve their overall well-being. This trend is particularly evident in developed countries such as the United States and Europe, where alternative therapies are becoming increasingly mainstream. Aromatherapy can help to reduce pain and discomfort for patients. Essential oils such as lavender, peppermint, and eucalyptus have been shown to have analgesic properties, and can be used to alleviate pain caused by conditions such as postoperative pain, cancer, and arthritis. Hospitalization can be a stressful and anxiety-inducing experience for patients. Aromatherapy can help to reduce stress and anxiety by promoting relaxation and calming the nervous system. Essential oils such as lavender, bergamot, and ylang-ylang have been shown to have anxiolytic properties and can be used to reduce anxiety in hospital settings. Sleep disruption is a common problem among hospitalized patients. Aromatherapy can help to improve sleep quality by promoting relaxation and reducing stress and anxiety. Essential oils such as lavender, chamomile, and valerian root have been shown to have sedative properties and can be used to improve sleep in hospital settings. Aromatherapy can help to enhance immune function, which is important for patients recovering from illnesses or surgeries. Essential oils such as tea tree, eucalyptus, and thyme have been shown to have antimicrobial properties and can be used to help prevent infections in hospital settings.
Rising Demand for Natural Products
In the United States, it is estimated that 62% of adults have used some form of complementary or alternative therapy in the last 12 months.
Increasing Incidence of Chronic Disorders
An estimated 5.7% of U.S. adults experience generalized anxiety disorder at some time in their lives. Specific phobias affect 19.3 million adults or 9.1% of the U.S. population. PTSD affects 7.7 million adults or 3.6% of the U.S. population.
Recent Development
- doTERRA International, one of the leading players in the aromatherapy market, has been involved in several merger and acquisition deals. In 2018, the company acquired Bio-Alternative, a Canadian company that produces natural health products. In 2019, doTERRA acquired a controlling interest in Sariayu Martha Tilaar, an Indonesian personal care company that specializes in natural products.
- Young Living Essential Oils, another major player in the aromatherapy market, has also been involved in several merger and acquisition deals. In 2018, the company acquired Nature's Ultra, a company that produces CBD products. In 2020, Young Living Essential Oils acquired Nature's Sunshine Products, a company that produces natural health and wellness products.
- Givaudan, a Swiss fragrance and flavor company, acquired Naturex in 2018, a company that specializes in natural ingredients. The acquisition allowed Givaudan to expand its offerings in the natural ingredient space, including essential oils used in aromatherapy.
- In 2020, IFF completed a merger with DuPont's Nutrition & Biosciences (N&B) business, which includes a range of natural products such as probiotics and enzymes. The acquisition allowed IFF to expand its offerings in the natural ingredient space, including essential oils used in aromatherapy.
Market Segmentation
In terms of region, North America is dominating the overall globe in the aromatherapy market.
Market Players
doTERRA International LLC, Young Living Essential Oils Lc, Mountain Rose Inc, Edens Garden, Inc., Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, Biolandes Inc., Stadler Form Aktiengesellschaft, Hubmar International Inc., Ryohin Keikaku Co., Ltd. are some of the leading players operating in the global aromatherapy market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By Component · By Mode of Delivery · By Distribution Channel · By Application · By End User · By Region |
| Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Country scope | United States,Canada, Mexico,France, Germany, United Kingdom, Italy, Spain, China,India,Japan,South Korea, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Turkey, Egypt |
| Key companies profiled | doTERRA International LLC, Young Living Essential Oils Lc, Mountain Rose Inc, Edens Garden Inc., Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, Biolandes Inc., Stadler Form Aktiengesellschaft, Hubmar International Inc., Ryohin Keikaku Co., Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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