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"The Global Market for Aromatherapy is valued at USD ~2.12 Billion in 2019 and is expected to reach USD 2.98 Billion by 2027 with CAGR at ~9.3% over the forecast period."
One of the driving factors supporting the growth of aromatherapy is the high adoption of consumables as they carried the largest share of the aromatherapy market in 2018. This is owing to the medicinal use of essential oils for various diseases. Such goods contain tremendous healing properties in a natural way, making them a lucrative market. For example, the Aura Cacia Lavender Harvest Essential Oil produced by Frontier Natural Products is blended oil used for relaxation.
Also, topical application contributes to the growth of the aromatherapy market. The topical application was introduced in 2018 due to the fact that people with skin-related problems prefer the topical application of aromatherapy products. The topical application gives these items a high ability to fight chronic skin-related problems. For starters, Deep Blue by doTERRA International is used topically for pain management and relaxation.
Extensive research is, therefore, being carried out to study the benefits of essential oils in the management of brain cancer due to the fact that the molecular size of many drugs is large rendering them useless as a treatment solution.
Consumables of Aromatherapy Drives the Demand for Global Market of Aromatherapy
Consumables of aromatherapy accounts for the maximum share of XX% of the aromatherapy market. As the market for aromatherapy grows, there is a huge demand due to its widespread use in homes. The main areas of aromatherapy at home include relaxation and sleep, mood enhancement cold and flu relief, and pain relief. The increasing demand for unconventional and natural treatment treatments has resulted in the growth of essential oil & aromatherapy around the globe. Some of the most widely used essential oils are tea tree oil, rosemary oil, and lavender oil.
The stringent regulatory environment and the side effects associated with aromatherapy impede the development of the market. Innovative Opportunities for Pure Essential Oil Aromatherapy Combination may be the ideal solution to help you gain the necessary strength and courage to step into a new phase of life while setting the stage for all kinds of new opportunities.
On the Basis of the Application, the Relaxation Had the Largest Market Share in 2019.
Relaxation had the largest market share of XX% in 2019 due to factors such as an increasing number of people suffering from anxiety. Many people who prefer natural and herbal treatment options for stress management aromatherapy products. A large number of wellness professionals such as spa therapists, aromatherapists, massage therapists and gym trainers prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, alopecia aerate, stress, etc. as essential oils provide the desired therapeutic effects with minimal or no side effects. This is attributed to the fact that these procedures can be performed without any drug treatment. In addition, aromatherapy is suitable for stress relief and for treating anxiety and insomnia due to its ability to release hormones such as endorphins, oxytocin, and relaxation.
North America has a Significant Share of Aromatherapy Market over the Forecast Period.
North America dominates the Aromatherapy market. The regions of North America and Western Europe are expected to remain dominant in the aromatherapy industry. North America will continue to maintain its leading position in the aromatherapy market due to the strong presence of key market players in the region, along with growing expenditure on health care to implement alternative treatment methods. Collective revenues from sales of aromatherapy goods in these two areas would reach approximately USD 4.3 billion. Many U.S.-based essential oil companies will continue to diversify into international markets as knowledge increases and customers turn to natural products. The Asia Pacific, except Japan, will see the fastest growth in the aromatherapy industry.
The Asia Pacific is expected to register the highest growth over the forecast period due to the increasing number of burn accidents in India, increasing the demand for essential oils and carrier oils for the treatment of burn scars. The lucrative trading opportunities for essential oils in China and Japan and the increasing prevalence of various disorders in India have resulted in high regional growth.
Competitive Landscape Analysis:
Global Aromatherapy Market Report covers prominent players such as doTERRA International, Young Living Essential Oils, Mountain Rose Herbs, Edens Garden Frontier Natural Products Co-op, Rocky Mountain Oils, and Plant Therapy Essential Oils.
By Product Type:
- Skin & Hair Care
- Pain Management
- Cold & Cough
- Scar Management
By Mode of Delivery:
- Topical Application
- Direct Inhalation
- Aerial Diffusion
- North America
- Asia Pacific
- Latin America
- Middle East and Africa