USD 0.8 billion
Report ID: SQSG30L2036 | Region: Global | Published Date: November, 2022 | Pages: 165
Global Aromatherapy Carrier Oil Market was valued at USD 0.8 billion in 2021 and it is expected to reach USD 1.4 billion by 2028, at a CAGR of CAGR of 10.25% over the forecast period (2022-2028).
Aromatherapy oil is used due to its physical, emotional, and mental benefits on the human body. It finds application in a number of therapies to provide therapeutic relaxation. It is also incorporated in a variety of medical conditions such as burns, acne, cough, common cold, stomach issues, and others. Increasing number of patients suffering from dental, dermatological, and respiratory problems are seeking aromatherapies and treatments. They are also finding application in food & beverages due to their preservative properties. Confections, sweets, pickles, and meat are some of the products that utilize aromatherapy carrier oil for natural flavouring.
Additionally, it is incorporated for the production of paints, detergents, repellents, chemical preservatives, and edible film coatings. Aromatherapy carrier oils are also utilized in packaging systems due to the demand for microbial protection and longer shelf life of products. It is to safeguard minimally processed vegetables and fruits, cereal based foods, dairy products, seafood, and essential oils.
Global Market Size
USD 0.8 billion
Food & beverages
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The global aromatherapy carrier oil market is segmented based on type, application, and region. Based on type it is segmented into Almond, Avocado, Camellia. Based on application, it is segmented into: cosmetic, food & beverages, medical. Based on region, it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
In 2021, the cosmetics segment had the highest share in terms of application. The prevalence of skin conditions is rising, which can be the cause of this. Carrier oils are frequently used in cosmetics for skin and hair care, scar management, hair strengthening, dandruff control, and itching relief. In 2021, the medical sector also retained a sizable aromatherapy carrier oil market share due to the effectiveness of aromatherapy products in treating chronic pain. Even though there isn't any proof that these products have healing capabilities, they are being used more and more for medical purposes. As a result, these items are frequently used in place of most conventional pharmaceuticals due to their positive effects on health and great efficacy. The introduction of natural cleaning agents is predicted to cause the personal care segment to expand at a profitable pace throughout the forecast period. Due to their antibacterial and antiseptic qualities, cleaning agents and household products are increasingly being used in personal care applications.
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Due to rising awareness of the benefits of complementary therapies, North America held a large global aromatherapy carrier oils market share in 2021. Additionally, the bulk of the major industry participants have their headquarters in the United States, including Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, and Edens Garden.
Aromatherapy knowledge has grown in this region as a result of an increase in the import and export of carrier oils from European nations, which has helped the market flourish. Around 20% of adults in Europe suffer from chronic pain, according to a poll done by Pain Alliance Europe. As a result, there is a growing need for natural pain relief treatments in this area. Due to the rising prevalence of skin problems and growing preference for natural products, Asia Pacific also showed a considerable growth. The market for aromatherapy goods is also being driven by growing awareness of the different therapeutic effects of the items.
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Rise in Trend of Incorporating Natural Herbs in Skincare and Cosmetics to Bolster Market Growth
Lack of Marketing and Awareness to Hinder Market Growth
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The existence of several international players defines the global aromatherapy carrier oil market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our aromatherapy carrier oil market reports, some of the leading quality aromatherapy carrier oil manufacturers are as follows: Cargill Inc. (US) DuPont (US), Koninklijke DSM N.V. (Netherlands), dôTERRA International LLC (US), Givaudan SA (Switzerland), Young Living Essential Oils (US), The Lebermuth Company Inc. (US), Symrise (Germany), Sensient Technologies Corporation (US) Essential oils of New Zealand (New Zealand).
Top Players in the Global Aromatherapy Carrier Oil Market
Adoption of Holistic Lifestyle will Bring Lucrative Market Opportunities
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Aromatherapy Carrier Oil Market analysis, the cosmetic department kept the largest stake in 2021. This is brought on by the increasing frequency of skin conditions. Carrier oils are frequently used in cosmetics for skin and hair care, scar management, hair strengthening, dandruff control, and itching relief. North America dominated the aromatherapy carrier oil market in 2021 as a result of a rising understanding of the advantages of complementary therapies.
|Market size value in 2021||USD 0.8 billion|
|Market size value in 2028||USD 1.4 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Aromatherapy Carrier Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aromatherapy Carrier Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aromatherapy Carrier Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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