Global Aromatherapy Market Size, Share, Growth Analysis, By Product(Consumables and equipment), By Mode of delivery(Aerial diffusion, topical application), By Application(Relaxation, skin & hair care), By Distribution channel(DTC, and B2B), By End-use(Home use, spa & wellness centers) - Industry Forecast 2024-2031

Report ID: SQMIG30L2128 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 146 | Figures: 78

Global Aromatherapy Market Dynamics

Driver

The global aromatherapy market is expected to expand significantly as people become more aware of the therapeutic properties of essential oils such as lavender oil, cedarwood oil, Roman chamomile oil, rose oil, and hyssop oil. Such essential oils are widely used in aromatherapy, and the increasing awareness among consumers of the health benefits of essential oils in aromatherapy is propelling the global market growth during the analysis period.

Restraint

In many areas, aromatherapy is considered to have weak scientific backing. The overwhelming majority of essential oils pose no dangers. There are, however, some preventative measures to take and adverse effects to be aware of when using them. A lack of information to support the use of holistic therapy in the treatment of Parkinson's disease, Alzheimer's disease, and heart disease will limit market growth.

Global Aromatherapy Market Report Snapshots

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Global Aromatherapy Market size was valued at USD 2.77 billion in 2021 and is poised to grow from USD 3.08 billion in 2022 to USD 7.2 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

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. 'doTERRA International LLC', 'Young Living Essential Oils LC', 'Biolandes SAS', 'Sydney Essential Oil Co. Pty Ltd.', 'Rocky Mountain Oils LLC', 'Mountain Rose Herbs Inc.', 'NOW Health Group Inc.', 'Ryohin Keikaku Co. Ltd. (Muji)', 'G Baldwin & Co.', 'Nu Skin Enterprises Inc.', 'Edens Garden Inc.', 'Aromatics International LLC', 'd?TERRA Holdings LLC', 'Plant Therapy Essential Oils LLC', 'Floracopeia Inc.', 'Farfalla Essentials AG', 'The Lebermuth Company Inc.', 'Young Living Essential Oils Ltd.', 'Hopewell Essential Oils', 'The Hut Group Ltd. (Lookfantastic)'

The global aromatherapy market is expected to expand significantly as people become more aware of the therapeutic properties of essential oils such as lavender oil, cedarwood oil, Roman chamomile oil, rose oil, and hyssop oil. Such essential oils are widely used in aromatherapy, and the increasing awareness among consumers of the health benefits of essential oils in aromatherapy is propelling the global market growth during the analysis period.

Aromatherapy diffusers are becoming more popular in the home for odour control. Fragrance diffusers can also help to deodorise and relax the home's atmosphere. The use of essential oils like chamomile oil, patchouli oil, lemon oil, or lavender oil helps to create a stress-free environment. Additionally, essential oil dispersion in the air combats bacteria and reduces the toxicity of pollutants in the air, increasing atmospheric oxygen. As a result, more people are buying aromatherapy diffusers and essential oils for a wide range of reasons.

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.

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Global Aromatherapy Market Dynamics

Global Aromatherapy Market Report Snapshots

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