Aromatherapy Products Market By Form (Holistic, Medical, Others), By Product (Essential Oils, Blend Oils), By Application (Relaxation and Sleep, Pain Management, Skin and Hair Care, Others), By Distribution Channel (Direct Distribution, MLM Distribution,

Aromatherapy Products Market By Form (Holistic, Medical, Others), By Product (Essential Oils, Blend Oils), By Application (Relaxation and Sleep, Pain Management, Skin and Hair Care, Others), By Distribution Channel (Direct Distribution, MLM Distribution, Supermarket and Hypermarket, Pharmaceutical and Speciality Store, E commerce, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global aromatherapy products market size was valued at $2,345.1 million in 2020 and is estimated to reach $5,328.3 million by 2031, registering a CAGR of 9.0% from 2022 to 2031. 

In the past 10 years, there has been a tremendous increase in the number of businesses selling aromatherapy products, notably the large multi-level marketing businesses. Aromatherapy is a type of complementary medicine that is used to treat a variety of ailments. Aromatherapy is a holistic treatment method, which utilizes pure plant extracts that supports health and wellbeing. It is frequently referred as essential oil treatment because essential oils are important components of the practice. Inpatient or outpatient symptom therapy for pain, nausea, overall wellbeing, anxiety, depression, stress, and sleeplessness may benefit from clinical aromatherapy, an alternative medicine therapy. Preoperative anxiety, oncology, palliative care, hospice, and end-of-life care are all helped by it. In comparison to traditional treatment, consumers view natural health solutions like aromatherapy as it is gentler, convenient and safer choices for pain relief therapy. Particularly with regard to potent medications taken for extended periods of time, consumers are becoming more aware of the potential adverse effects of traditional treatment. Aromatherapy is not capable of curing arthritis, but research shows that it can have a powerful impact on patient’s well-being, including the level of pain.

Aromatherapy is frequently used by people who have skin rashes, since it can nourish the skin and lessen inflammation. People do not always favor synthetic items because of their negative side effects. People choose essential and carrier oils as a result for a variety of skin conditions. Numerous skin and hair disorders can be helped by the antifungal, antibacterial, and antiseptic characteristics of these oils.

Even though the novel coronavirus pandemic had a devastating impact on a number of industries, the aromatherapy products market grew favorably during this time. Due to its anti-infective, antioxidant, and antimicrobial properties, essential oils are used to treat a variety of medical conditions, such as immune system disorders, depression, and sleep disorders.

The aromatherapy products market is segmented into form, product, application, distribution channel, and region. On the basis of form, the market is categorized into holistic, medical, and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care, and others. By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE and Rest of LAMEA).

Region-wise, Asia-Pacific has gained considerable share in aromatherapy products and is expected grow at the highest CAGR during the forecast period. This is majorly attributed to growing per capita income, rise in expenditure on healthcare, and awareness regarding the benefits of the aromatherapy products, including essential oil. Furthermore, growing export of the essential oil to developed countries, including the U.S., UK, and Germany are further likely to supplement the growth of the market during the forecast period. For instance, according to The Observatory of Economic Complexity (OEC), China was the fourth-largest exporter of essential oils globally in 2020 with a total export value of $403M. In the same year, essential oils ranked as China's 555th most exported good. The U.S. ($86.3M), Indonesia ($51.9M), India ($32.4M), UK ($28.1M), and Germany ($24.5M) are China's top export markets for essential oils.

The major players operating in the market are dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aromatherapy products market analysis from 2021 to 2031 to identify the prevailing aromatherapy products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the aromatherapy products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global aromatherapy products market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product

Essential Oils
Blend Oils

By Application

Relaxation and Sleep
Pain Management
Skin and Hair Care
Others

By Form

Holistic
Medical
Others

By Distribution Channel

Direct Distribution
MLM Distribution
Supermarket and Hypermarket
Pharmaceutical and Speciality Store
E commerce
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Indonesia
Malaysia
South Korea
Singapore
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Turkey
UAE
Rest of LAMEA

Key Market Players

d?TERRA
Edens Garden
Young Living Essential Oils LC
Rocky Mountain Oils
Plant Therapy Essential Oils
FLORIHANA
Biolandes
Falcon Essential Oils
Stadler Form
Hubmar International
SpaRoom
Mountain Rose Herbs
Air Aroma
Nu Skin
H.Reynaude & Fils

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