USD 20.16 billion
Aromatherapy Carrier Oil Market Size, Share, Growth Analysis, By Type(Almond, Avocado, Camellia), By Application(Cosmetic, Food & Beverages, Medical), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2228 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
63
|Figures:
74
Aromatherapy Carrier Oil Market Insights
Aromatherapy Carrier Oil Market size was valued at USD 20.16 billion in 2019 and is poised to grow from USD 21.79 billion in 2023 to USD 40.12 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
Aromatherapy oil is used due for its physical, emotional, and mental benefits on 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 use 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.
US Aromatherapy Carrier Oil Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cosmetic
Fastest Growth
Cosmetic
Growth Rate
7.9% CAGR
Global Aromatherapy Carrier Oil Market ($ Bn)
Country Share for North America Region (%)
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Aromatherapy Carrier Oil Market Segmental Analysis
Aromatherapy Carrier Oil Market is segmented based on type, application, and region. Based on type, the market is segmented into almond, avocado, camellia. Based on application, the market is segmented into cosmetic, food & beverages, medical. Based on region, the global aromatherapy carrier oil market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Aromatherapy Carrier Oil Market Analysis by Application
In 2022, the cosmetics segment had the highest share in terms of application. The prevalence of skin conditions is rising. Carrier oils are frequently used in cosmetics for skin and hair care, scar management, hair strengthening, dandruff control, and itching relief. In 2022, the medical sector also retained a sizeable 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 used 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.
Global Aromatherapy Carrier Oil Market By Application
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Aromatherapy Carrier Oil Market Regional Insights
Due to rising awareness of benefits of complementary therapies, North America held a large global aromatherapy carrier oils market share in 2022. Additionally, 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 conducted 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 exhibited a considerable growth. The market for aromatherapy goods is also being driven by growing awareness of the different therapeutic effects of the items.
Global Aromatherapy Carrier Oil Market By Region
- Largest
- Fastest
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Aromatherapy Carrier Oil Market Dynamics
Aromatherapy Carrier Oil Market Driver
Rise in Trend of Incorporating Natural Herbs in Skincare and Cosmetics to Bolster Market Growth
- It is projected that public and private organisations would strengthen awareness campaigns to aid in these countries’ development. Another reason driving up demand for carrier oils is the expanding natural product trend in the beauty and health sectors. These oils are frequently utilised in private care products as well, reducing the need for harmful chemicals and fostering economic growth. The preference for natural goods is also developing as a result of rising consumer awareness and purchasing power regarding the negative impacts of chemicals on cosmetics and toiletries.
Aromatherapy Carrier Oil Market Restraint
Uneven Distribution and Channels to Hinder Market Growth
- Lack of understanding or a limited market in developing nations like South Africa, Brazil, Mexico, Saudi Arabia, and India prevents market expansion.
- Also, the lack of supporting distribution channels is likely to discourage the customers to opt for genuine products and prefer counterfeit ones for regular use.
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Aromatherapy Carrier Oil Market Competitive Landscape
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.
Top Players in the Global Aromatherapy Carrier Oil Market
- doTERRA International LLC
- Young Living Essential Oils
- Givaudan SA
- Firmenich SA
- Symrise AG
- International Flavors & Fragrances Inc.
- Robertet Group
- Takasago International Corporation
- Mane SA
- Sensient Technologies Corporation
- Plant Therapy Essential Oils
- Mountain Rose Herbs
- Edens Garden
- Aura Cacia
- NOW Foods
- Rocky Mountain Oils
- Biolandes SAS
- Essential Oils of New Zealand
- Farotti Essenze Srl
Aromatherapy Carrier Oil Market Recent Developments
- In July 2022, Calm – Salon and Spa, a beautifully designed, holistic hub of wellness services and salon encounters, has opened at Novotel Visakhapatnam, India. The spa offers rest and self-care, and offers clients a sea view. With views of the nearby streets, Calm – Salon and Spa provides trademark body treatments like vinotherapy, aromatherapy, alinese massage, and Thai massage.
- In July 2022, novel products are available from Blossom Kochhar Aroma Magic for the health and wellbeing of skin, body, hair, and mind enriched with the virtues of aromatherapy-related essential oils.
Aromatherapy Carrier Oil Key Market Trends
- Adoption of Holistic Lifestyle will Bring Lucrative Market Opportunities: The aromatherapy has demonstrated to lower stress reduction, sadness, and anxiety. Along with its role in reducing motion sickness, weight management, and maintaining healthy liver and gallbladder functions, aromatherapy also has a role in treating respiratory problems, nervous system disorders, cardiovascular diseases, and gastrointestinal infections. The most important aspect that is anticipated to propel the market's overall expansion is the rising utilisation of aromatherapy for a variety of health benefits.
- Increase in Oil Formulation for Scented Perfumes: As a result of using essential oils in the formulation, the number of scent launches boasting practical advantages (such improved sleep or reduced anxiety) has risen. Many people are looking for goods that might assist them in managing their brains and moods because two out of every three adults experienced greater stress during the pandemic.
- Medicinal Uses of Carrier Oil: Since lemon eucalyptus essential oil has anti-inflammatory, immunoregulatory, analgesic, and antioxidant effects these have a wide use in treating various illnesses.
Aromatherapy Carrier Oil Market SkyQuest Analysis
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 the global aromatherapy carrier oil market report analysis, the cosmetic department accounted for the largest share in 2022. This is due to the increase in cases 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 2022 as a result of a rising understanding of the advantages of complementary therapies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 20.16 billion |
| Market size value in 2031 | USD 40.12 billion |
| Growth Rate | 7.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aromatherapy Carrier Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aromatherapy Carrier Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aromatherapy Carrier Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aromatherapy Carrier Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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