Global Aromatherapy Market Size By Product (Consumables, Equipment), By Application (Boosting immunity, Pain Management, Scar Management), By Mode of Delivery (Aerial Diffusion, Topical Application), By Geographic Scope And Forecast

Aromatherapy Market Size And Forecast

Aromatherapy Market size was valued at USD 1256.9 Million in 2020 and is projected to reach USD 1946 Million by 2028, growing at a CAGR of 7.6% from 2021 to 2028.

The increasing consumer disposable income and the need to maintain a healthy lifestyle is a vital factor that is driving the growth of the market. Rising awareness about the benefits related to aromatherapy, including stress reduction, depression, anxiety, and other health benefits are anticipated to fuel the demand over the forecast period. The Global Aromatherapy Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Aromatherapy Market Definition

Aromatherapy is like a natural medicine that uses the wonderful scents of plants to help us feel better. These scents are found in special oils, called essential oils, which are like the lifeblood of plants. Aromatherapy uses these oils to heal our bodies, minds, and spirits. It can help us sleep better, ease pain, calm our minds, and even boost our immune system. It's like a superpower for our health! Some of the most popular essential oils used in aromatherapy are lemon, lavender, rosemary, and chamomile. Each one has its own special superpower, like helping us relax or fight off germs.

Global Aromatherapy Market Overview

Aromatherapy is widely used in homes for benefits such as relaxation and sleep, treatment of insomnia, mood enhancement, cold and flu relief, and pain relief is a major factor expected to propel the growth of the global Aromatherapy Market. Moreover, the growing trend of essential oil adoption is also expected to boost the market growth. Also, the new product developments and strategic partnerships by market players help to augment the market growth.

For instance, in 2018, Plant Therapy, Inc. announced the launch of Caraway Seed CO2, Cubeb 100, and Bergamot Mint essential oils. There are certain restraints and challenges faced which will hinder the overall Aromatherapy Market growth. The lack of proper guidelines and the toxic nature of essential oils limits the growth of the market to some extent. The strict policies and stringent regulations such as indications that a producer needs to mention regarding the category each essential oil are some of the major restraining factors that might hamper the market growth.

Global Aromatherapy MarketSegmentation Analysis

The Global Aromatherapy Market is segmented on the basis of Product, Application, Mode of Delivery, And Geography.

Aromatherapy Market, By Product

• Consumables
• Equipment

Based on Type, the market is bifurcated into Consumables and Equipment. The consumables segment held the largest market share in terms of revenue in the past. The increase in therapeutic applications of essential oils for numerous disease conditions has increased the share of this segment. These essential oils possess healing properties, which renders them a lucrative segment in the market.

Aromatherapy Market, By Application

• Boosting immunity
• Pain Management
• Scar Management
• Skin & Hair Care
• Others

Based on Application, the market is bifurcated into Boosting immunity, , Scar Management, Skin & Hair Care, and Others. The skin and hair care segment held the largest market share and is anticipated to have lucrative growth during the forecast period. The prevalence of the number of skincare problems. Skin allergies, skin rashes, and acne are some of the disorders that can be treated using aromatherapy. However, The scar management application segment is expected to witness the fastest growth during the forecast period.

Aromatherapy Market, By Mode of Delivery

• Aerial Diffusion
• Topical Application
• Direct Inhalation

Based on Mode of Delivery, the market is bifurcated into Aerial Diffusion, Topical Application, and Direct Inhalation. The topical application segment accounted for the largest share in the market. The increase in preference for topical application of aromatherapy oils for various skin-related problems is the factor responsible for the growth of this segment.

Aromatherapy Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

The aromatherapy market is like a big pie that's been sliced up into different regionsNorth America, Europe, Asia Pacific, and the rest of the world. North America has been the biggest slice so far, like the winner of a pie-eating contest. Why? Because more and more people there are turning to natural ways to deal with stress, anxiety, and the blues. Plus, the government there supports growing plants for essential oils, so there's plenty of supply to meet the demand. But watch out, Asia Pacific is like a hungry underdog. It's expected to grow faster than any other region, like a sprinter leaving the competition in the dust. Why? Because people in countries like India, China, Indonesia, and Taiwan have more money to spend and are more into healthy living, which means they're using more essential oils for aromatherapy.

Key Players

The “Global Aromatherapy Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Edens Garden, doTERRA, Frontier Natural Products Co-op, Young Living Essential Oils, Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, Biolandes, FLORIHANA, and Falcon Essential Oils.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• April 27, 2021, The COVID-19 epidemic has increased personal wellness awareness and practices, according to a new Young Living poll that asked 5,000 adults from around the world about their wellness practices. comprehension, as well as the value of self-care and mental health.
• Aug. 25, 2020, During its virtual International Grand Convention, Young Living, the world’s leading provider of essential oils, recently announced a number of new products and product lines. Young Living’s new products assist those looking to better themselves during this global crisis in three areashome, family, and self-care.
• December 11, 2019, Young Living, the world’s largest essential oil company, has announced a new partnership with the Golden Einkorn Farm in Sault, France’s Provence region. Young Living’s newest partner, the Golden Einkorn Farm, is one of the company’s hand-selected producers of ancient einkorn grain and other einkorn products.
• July 29, 2019, Young Living Essential Oils, the world leader in essential oils, announced the opening of the Mera Ocotea Farm, the company’s newest corporate-owned farm, today. Harvests of ocotea are expected to begin in 2023 on the 120-acre farm in Ecuador’s Pastaza Province.
• July 18, 2019, Lehi, Utah – July 18, 2019 – Nature’s Ultra has been acquired by Young Living Essential Oils, the world leader in essential oils. Nature’s Ultra will continue to operate independently, with more than 1,500 acres of hemp farms in Colorado, to provide industry-leading CBD products that are legal under federal law, certified natural, organic, vegan approved, and gluten-free, with the added benefit of Young Living’s industry leadership and expertise in offering the highest quality oil-infused products.
• July 1, 2019 – The Kalipay Coconut Farm is the newest partner farm in the Philippines for Young Living Essential Oils, the world leader in essential oils. By empowering the local population and helping to protect the environment, the Kalipay Coconut Farm is making a difference in the community.

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