Aromatherapy Market: Exploring Opportunities Through Market Share And Growth Projections

According to TechSci Research report, “Aromatherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the global aromatherapy market is anticipated to grow at an impressive rate during the forecast period, 2024-2028. This can be ascribed to the increasing awareness regarding the therapeutic and health benefits of essential oils such as lavender oil, cedarwood oil, and rose oil among the consumers. Increasing demand for treating various disorders such as cardiovascular diseases, cold, cough, pain, respiratory disorder, insomnia, anxiety and rising demand for aromatherapy among women population owing to their concerns related to skin acne and scars, busy and hectic life schedules, and growing popularity of wellness tourism is further expected to increase the demand for aromatherapy market during the forecast period.

However, lack of evidence to support the use of aromatherapy in treating Alzheimer’s disease and heart disease, side effects of using oils may hamper the growth of the market. Additionally, high cost of therapy and unavailability of skilled person may hamper the global aromatherapy market during the forecast period.

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The global aromatherapy market is segmented on the basis of component, mode of delivery, distribution channel, application, end user and region.

Based on mode of delivery, the global aromatherapy market can be segmented into topical application, aerial diffusion, and direct inhalation. The direct inhalation segment is expected to dominate the market in 2022 and maintain its dominance throughout the forecast period. The increasing respiratory diseases such as cold and cough, sinusitis and bronchial congestion, influenza and sore throat and rising preference of people toward natural products are the main factor expected to boost the aromatherapy market during the forecast period.

Based on end user, the global aromatherapy market is segmented into hospitals & clinics, homecare, spa & wellness centers, and others. The hospital segment is predicted to dominate the market in 2022 and maintain its dominance throughout the forecast period. However, the increasing need for improving blood circulation, reduce nausea, anxiety and stress, promote circulatory, lymphatic and musculoskeletal systems, has led to an increase in adoption of aromatherapy among people, which is expected to boost the market for aromatherapy in the forecast period.

Major companies operating in global aromatherapy market are:

• doTERRA International LLC
• Young Living Essential Oils Lc
• Mountain Rose Inc
• Edens Garden Inc.
• Rocky Mountain Oils, LLC
• Plant Therapy Essential Oils
• Biolandes Inc.
• Stadler Form Aktiengesellschaft
• Hubmar International Inc.
• Ryohin Keikaku Co., Ltd.

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“North America is expected to register the highest growth in the global aromatherapy market owing to the rising prevalence of various physical and mental disorders, increasing healthcare expenditure, rising demand for natural products and increasing awareness regarding the benefits of essential oils and aromatherapy among consumers. Increasing demand for wellness tourism is further expected to drive the aromatherapy market during the forecast period. Increasing chronic diseases and increasing prevalence of various mental illness such as anxiety and depression is expected to propel the market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Aromatherapy Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Consumables v/s Diffusers), By Mode of Delivery (Topical Application, Aerial Diffusion, Direct Inhalation), By Distribution Channel (Direct-To-Consumer v/s B2B), By Application (Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Others), By End User (Hospitals & Clinics, Homecare, Spa & Wellness Centers, Others), By Region and Competition”, has evaluated the future growth potential of global aromatherapy market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global aromatherapy market.

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