Aromatherapy Market Size, Share & Trends Analysis Report By Product (Consumables, Equipment), By Mode Of Delivery (Topical, Aerial), By Application, By Distribution Channel, By End-use, And Segment Forecasts, 2024 - 2030

Aromatherapy Market Growth & Trends

The global aromatherapy market size is anticipated to reach USD 4.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.4% from 2024 to 2030. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.

Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.

The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.

The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.

Aromatherapy Market Report Highlights

• Consumable products led the market and accounted for 79.7% of the global revenue in 2023, owing to the rising adoption of essential oils as therapeutic agents for various disease conditions.
• The topical application mode of delivery led the market in 2023. Topical application helps achieve higher therapeutic properties.
• The relaxation segment led the market for aromatherapy and accounted for 24.0% of the revenue share in 2023, attributed to the rising number of people distress from anxiety.
• North America dominated the market and accounted for 41.1% of the global revenue share in 2023, owing to a well-established healthcare system and high healthcare spending in developed countries such as the U.S. and Canada.

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