Global Aromatherapy Carrier Oil Market

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 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.

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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).

The existence of several international players defines the 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.  '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'

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.

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.

Due to rising awareness of benefits of complementary therapies, North America held a large 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.

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Global Aromatherapy Carrier Oil Market

Report ID: SQMIG30L2228

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