Global Aromatherapy Market Size, Trends & Growth Opportunity, By Product Type (Consumables, Essential Oils, Singles: Herbaceous, Woody, Spicy, Floral, Citrus, Earthy, Camphoraceous, Others, Blends, Carrier Oils, Equipment: Ultrasonic, Nebulizing, Evaporative, Heat), By Application (Skin & Hair Care, Pain Management, Insomnia, Boosting Immunity, Scar Management, Others), By Mode of Delivery (Topical Application, Aerial Diffusion, Direct Inhalation), By Distribution Channel (DTC, Retail E-commerce, B2B), By End User (Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers), By Region & forecast till 2027.
Global Aromatherapy Market
Global Aromatherapy Market is projected to grow from US$ 6,042.3 Mn in 2021 to US$ 8,756.1 Mn by 2027 at a CAGR of over 7.2% during the forecast period that is from 2022-2027.
Aromatherapy is an alternative medicine & favour as a practice of using natural or herbal oil extracted from flower, fruit, wood, roots, or other parts of plant to improve psychological and physical well-being of a patient suffering from long-term disorders such as heart disease, cancer, diabetes, stroke, and arthritis. Apart from that, people suffering from pain because of burns as well use these natural or herbal oils for massage, therefore burn scars as well be treat by aroma therapy oils. Aromatherapy also helps in motion sickness, weight management, and maintaining healthy liver and gall bladder functions.
Market Drivers
World-wide use of aromatherapy for various health related benefits is major component expected to drive the Global Aromatherapy Market. Also, rise in public awareness of these alternative treatment is projected to boost the aromatherapy market. The growing rise of the e-commerce sector due to the facility of purchasing and availability of various range of product is also anticipated to grow Global Aromatherapy Market. Rising consumer taste and shifting trends in healing therapies are expected to propel the Aromatherapy Market growth in future. The Global Aromatherapy Market is expected to drive by increased awareness on mental health and the rise in utilization of essential oils for treatment of mental health issue.
Owing to lockdown measures applied by government, which resulted in people staying at home, demand for aromatherapy increases during COVID-19 crises. Additionally, demand for aromatherapy in clinics and hospitals rocket as institutions increased their use of it to trat COVID- 19 infection. Owing to their antibacterial and antiseptic characteristics, essential oils, especially eucalyptus and tea tree oil are expected to witness a flow in demand in pandemic.
Market Restraints
The major component that restraints the growth of Global Aromatherapy Market involve risk factor associated with aromatherapy and strict regulations by U.S Food & Drug Administration (FDA) about market of essential oils. Firm approval for new essential oils is posturing significant complications to market development, as producers needs to specify the indication for which the essential oils is used such as therapeutic grade or cosmetic grade. The absence proper knowledge and toxic nature of essential oils restraints the growth of market.
Market Segmentation
The Global Aromatherapy Market is segmented into Product Type, Application, Mode of Delivery, Distribution Channel & End User. By Product Type such as Consumables, Essential Oils, Singles: Herbaceous, Woody, Spicy, Floral, Citrus, Earthy, Camphoraceous, Others, Blends, Carrier Oils, Equipment: Ultrasonic, Nebulizing, Evaporative, Heat. By Application such as Skin & Hair Care, Pain Management, Insomnia, Boosting Immunity, Scar Management, Others. By Mode of Delivery such as Topical Application, Aerial Diffusion, Direct Inhalation. By Distribution Channel such as DTC, Retail E-commerce, B2B. By End User such as Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers.
Regional Analysis
The Global Aromatherapy Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America Aromatherapy Market is expected to grow owing to the presence of deep-rooted healthcare system and significant healthcare expenditure in developed nation such as U.S & Canada. Aromatherapy Market in Europe is anticipated to witness significant growth during the forecast period. Europe is one of the top essential oil traders and has strong prevalence of chronic pain and depression, there is a noteworthy demand for aroma therapy oils among the European population. Asia Pacific aromatherapy market is projected to expand during the upcoming period.
Key Players
Various Key Players are listed in this report such as Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, Plant Therapy Essential Oils, Rocky Mountain Oils LLC, FLORIHANA, Falcon, Biolandes, Stadler Form Aktiengesellschaft, Hubmar International, SpaRoom.
Market Taxonomy
By Product Type
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