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 Insights

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).

Aromatherapy is a complementary medicine that aids in the recovery from a variety of disorders, including pain, cardiovascular disorders, respiratory disorders, skin-related issues, cold and cough, digestion issues, immune system dysfunction, insomnia, anxiety, and wounds. The growing demand for aromatherapy among women due to skin concerns such as acne and scars is expected to grow the aromatherapy market during the forecast period. The incidence of various chronic conditions among the population is rapidly increasing. Healthcare costs are high, so consumers are turning to preventive care and alternative care products. Aromatherapy is becoming more popular as a preventive care product due to the numerous health and therapeutic benefits associated with it. Its demand is increasing due to the growing popularity of wellness tourism. The sedentary lifestyles, high-stress and hectic life schedules, and rising number of various physical and mental disorders are driving the growth of the wellness tourism industry, which is expected to drive the growth of the global aromatherapy market over the forecast period. However, stringent approval requirements for new essential oils are posing significant challenges to market development, as manufacturers must specify the indication for which the essential oil is intended, such as therapeutic grade or cosmetic grade.

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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 Insights

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