The “Global
Aromatherapy Market” is expected to reach USD 8,213.1 million by 2024 from
USD 4,352.1 million in 2016, growing at a CAGR of 8.4% in the forecast period
2017 to 2024. The new market report contains data for historic year 2015, the
base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Aromatherapy Market
Segmentation:
Global
Aromatherapy Market By Consumables {Essential Oils (Floral, Citrus, Herbaceous,
Spicy, Woodsy, Earthy, Camphorous), Carrier Oils, Blended Oils}, Equipment
(Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, Heat
Diffuser), Mode of Delivery (Topical Application, Direct Inhalation, Aerial
Diffusion, Internal), Application (Relaxation, Insomnia, Pain Management, Scar
Management, Skin and Hair Care, Cold and Cough), Distribution Channel
(Retailers and wholesalers, Online), End-User (Home care, Spa & Wellness
Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle
East and Africa)
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Global
Aromatherapy Market Drivers:
Some of the major factors driving
the market for aromatherapy market, such as growing usage of essential oils,
growing adoption of essential oils for home usage, growing disposable income
are fuelling the growth of this market.
Growing
Trend of Essential Oils Adoption
The essential oils are the plant
extracts that are used in countless applications such as cleaning, personal
care products, pest control products, over the counter medications among
others. The essential oils apart from evoking thoughts have various advantages
like relaxation, rejuvenation, healing, and other advantages. Apart from their
usage for the betterment of health, effective treatment of a wide range of
common health issues such as nausea and migraines. They are also used in the
food industry due to its various characteristics like preservative potency
against food borne pathogens, antimicrobial, antibacterial, and antifungal
properties. The usage of aromatherapy as a complementary care is growing owing
to characteristics which include promoting healing of the patients and coping
with some of the side effects of the cancer.
Increasing
Sales of Essential Oils for Home Usage
The consumers around the world are
shifting towards herbal products for treatment of skin diseases as compared to
the synthetic drugs and medicine. The essential oils have advantages such as it
is purely natural and does not have side effects when taken under proper
guidance. The demand from the consumer perspective for the essential oils is
increasing. The people are shifting and looking for ways to use essential oils
for relaxation purposes, as people do not want to use pills and over the
counter medicine. A research from Iowa-based personal care manufacturer Aura
Cacia states that the sales of the essential oils increased by 90% between 2009
and 2012. During the same period, the share of essential oils products for
household doubled from 6% to 12%. The demand of essential oils for natural and
holistic alternatives for household products, personal care among others is
contributing to the growth of the essential oils.
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Key Points: Global Aromatherapy Market
Young Living is going to dominate
the aromatherapy
market following with doTERRA, MOUNTAIN ROSE HERBS along with others such
as Edens Garden, Frontier Natural Products Co-op, Rocky Mountain Oils, LLC,
Plant Therapy Essential Oils, Starwest Botanicals, Hopewell Essential Oils,
North American Herb and Spice, among other companies.
·
Essential Oils market is
growing with the highest CAGR.
·
Ultrasonic diffuseris holding
the major share in global aromatherapy market and is growing with highest CAGR.
·
Topical Application is
dominating the aromatherapy market and is expected to grow with the highest
CAGR in the forecast period.
·
The home care market holds the
major market share and is expected to grow with the highest CAGR in the
forecast period.
Global Aromatherapy Market
Major Players:
Some of the major players
operating in this market are:
·
doTERRA,
·
Young
Living Essential Oils,
·
MOUNTAIN
ROSE HERBS,
·
Edens
Garden,
·
Frontier
Natural Products Co-op,
·
Rocky
Mountain Oils,
·
LLC,
·
Plant
Therapy Essential Oils,
·
Starwest
Botanicals,
·
Hopewell
Essential Oils,
·
North
American Herb and Spice,
·
among
other companies.
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