USD 2.5 billion
Report ID:
SQMIG30L2128 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
146
|Figures:
78
Aromatherapy Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 11.2% during the forecast period (2025-2032).
Aromatherapy is a complementary medicine that aids in the recovery from a variety of disorders, including pain, cardiovascular disorders, respiratory disorders, skin-related issues, cold and cough, digestion issues, immune system dysfunction, insomnia, anxiety, and wounds. The growing demand for aromatherapy among women due to skin concerns such as acne and scars is expected to grow the aromatherapy market during the forecast period. The incidence of various chronic conditions among the population is rapidly increasing. Healthcare costs are high, so consumers are turning to preventive care and alternative care products. Aromatherapy is becoming more popular as a preventive care product due to the numerous health and therapeutic benefits associated with it. Its demand is increasing due to the growing popularity of wellness tourism. The sedentary lifestyles, high-stress and hectic life schedules, and rising number of various physical and mental disorders are driving the growth of the wellness tourism industry, which is expected to drive the growth of the global aromatherapy market over the forecast period. However, stringent approval requirements for new essential oils are posing significant challenges to market development, as manufacturers must specify the indication for which the essential oil is intended, such as therapeutic grade or cosmetic grade.
Global Market Size
USD 2.5 billion
Largest Segment
Topical application
Fastest Growth
Direct inhalation
Growth Rate
11.9% CAGR
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Global Aromatherapy Market is segmented by Product, Mode of Delivery, Application, Distribution, End User and Region. Based on Product, the market is segmented into Consumables (Essential Oils, Singles, Floral, Citrus, Camphorous, Herbaceous, Spicy, Earthy, Woodsy, Blend, Carrier Oils), Equipment (Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, Heat Diffuser). Based on Mode of Delivery, the market is segmented into Tropical Application, Direct Inhalation, Aerial Diffusion. Based on Distribution, the market is segmented into DTC, Retail, E Commerce, B2B. Based on End User, the market is segmented into Hospitals, Clinics, Beauty Spas, Home Use, Spa and Wellness Centres, Yoga and Meditation Centres. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Mode of Delivery
Based on mode of delivery, the aromatherapy market is segmented into aerial diffusion, topical application, and direct inhalation. The topical application segment is predicted to led the aromatherapy market during the forecast period. Topical application aids in the attainment of greater therapeutic properties. Some essential oils are used to treat skin and hair issues such as acne and to improve skin tone. It can also treat pain, wounds, the immune system, respiratory diseases, the circulatory system, and the nervous system.
Because of its ability to treat various respiratory disorders, direct inhalation is expected to grow at a rapid pace during the forecast timeframe. Some medical conditions that necessitate direct inhalation of essential oils include cold and cough, sinusitis and bronchial congestion, influenza, and sore throat. People's increasing preference for natural products has increased demand for such modes of treatment, making them a viable alternative to pharmaceutical drugs.
The aerial diffusion segment is expected to grow moderately over the forecast period. With the growing demand for aromatherapy diffusers, aerial diffusion is becoming increasingly popular. Aerial diffusion techniques include steam diffusion, candle diffusion, heat diffusion, evaporative diffusion, and nebulizing diffusion.
Analysis by Application
On the basis of application, aromatherapy market is bifurcated into relaxation, skin & hair care, pain management, scar management, cold & cough, insomnia, and others. The relaxation segment led the global aromatherapy market in 2022. The rising degree of anxiety in the population has largely driven the growth of this segment in the aromatherapy market. Aromatherapy essential oils are an effective solution for anxiety and relaxation, aiding in the balancing of an overactive mental state. People are very concerned about stress management. The growing demand for natural stress relief therapies has resulted in this segment's global dominance.
Scar management is expected to grow at the fastest rate during the forecast period. The growing cases of burn injuries is noticeably driving demand in the aromatherapy market for the scar management segment. Burn injuries leave visible hypertrophic scars, which essential oils can help treat.
The increasing prevalence of skin conditions is expected to drive demand for aromatherapy products. People who have skin rashes frequently seek aromatherapy, which helps to nurture the skin and reduce inflammation. And essential and carrier oils have antifungal, antibacterial, and antiseptic properties that aid in the treatment of various skin and hair conditions.
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In 2022, North America dominated the global aromatherapy market. The increased prevalence of various physical and mental disorders in North America contributed to a rise in demand for aromatherapy. Furthermore, healthcare costs are significantly higher in North America, so people are turning towards preventive care and natural alternatives to drugs. Consumers increased awareness of the advantages of essential oils and aromatherapy is significantly driving essential oil and aromatherapy market revenue share, which in turn driving the global aromatherapy market growth. The increasing demand for wellness tourism is propelling the market growth during the analysis period. However, more than half of the US population is assumed to be suffering from one or more chronic conditions.
During the forecast period, Asia Pacific is expected to expand rapidly. The high popularity of various spas and aromatherapy centres in the region to attract wellness medical tourists is significantly boosting aromatherapy market growth. The increasing prevalence of various ailments, as well as growing awareness about the benefits of aromatherapy in the treatment of various ailments, are expected to drive the aromatherapy market during the forecast period.
Aromatherapy's growing popularity as a therapeutic and pharmaceutical alternative is expected to propel market expansion in Europe. With a high prevalence of chronic pain and depression in Europe, there is a high demand for aromatherapy oils among the European population.
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The global aromatherapy market is highly competitive and is dominated by several key players. Some of the major players operating in the market include doTERRA International, Young Living Essential Oils, Mountain Rose Herbs, Rocky Mountain Oils, Edens Garden, Frontier Natural Products Co-op, Plant Therapy Essential Oils, and Aura Cacia. These companies compete with each other based on factors such as product quality, brand reputation, product range, pricing, distribution channels, and marketing strategies. Many of these companies are constantly innovating and introducing new products to meet the changing demands of consumers.
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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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global aromatherapy market analysis, consumers' preferences are increasingly moving toward natural products, which is increasing requirement for aromatherapy in North America during the forecasting years. However, risk factors associated with aromatherapy, as well as stringent regulations imposed by the United States Food and Drug Administration (FDA) regarding the marketing of essential oils, are major factors impeding the growth of the global aromatherapy market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.5 billion |
Market size value in 2031 | USD 6.9 billion |
Growth Rate | 11.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aromatherapy 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aromatherapy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aromatherapy 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.
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Report ID: SQMIG30L2128
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