The new report “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. Injectable
drug delivery device packaging market has the largest market segment in
aromatherapy market.
The Global
Aromatherapy Market is highly concentrated to a few big players and rest to
local players who cater to domestic markets only. Young Living Essentials
dominated the aromatherapy market accounting for the highest market share of
22.5% in 2016, followed by doTERRA and MOUNTAIN ROSE HERBS. Other players in
this market include 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.
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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Young
Living Essentials:
Established in 1994 and
headquartered in Lehi, Utah, U.S., Young Living Essential Oils specializes in
producing and providing pure, powerful essential oils. The company has seven
business segments—new and seasonal, essential oils & blends, at home, healthy
& fit, personal care, diffusers& accessories, and animal care. The
essential oils and blends segment focuses on providing products such as
essential oil singles, essential oil blends, roll-ons, massage oils,
collections, diffusers & tools, accessories, dietary essential oils. Young
Living Essential Oils mission is to honor their stewardship to champion
nature’s living energy, essential oils, by fostering a community of healing and
discovery while inspiring individuals to wellness, purpose, and abundance.
doTERRA:
Founded in 2008 and headquartered
in Pleasant Grove, Utah, U.S., doTERRA is involved in manufacturing and
distribution of high quality Certified Pure Therapeutic Grade (CPTG) essential
oils. The company operates in two segments essential oils and other products.
Essential oils segment focuses on providing single oils, proprietary blends,
dōterra on guard products, deep blue products, digestzen products. doTERRA
mission is of sharing therapeutic-grade essential oils with the world.
The company has its footprint
worldwide with its locations in 17 countries across North America, Latin
America, Asia Pacific, Eastern Europe, Middle East and Africa.
Recent
Developments:
• In June 2016, doTERRA expanded
in Canada with two new distribution centres. The expansion will serve as a
client base and bring continual growth and opportunities throughout the world.
• In April 2012, doTERRA expanded
itself in Japan. This expansion would act as a growth driver as Taiwan acts as
a prime location with highly accessible, executive offices and vibrant product
stores.
Inquiry
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MOUNTAIN
ROSE HERBS:
Founded in 1987 and headquartered
in Eugene, Oregon, U.S., MOUNTAIN ROSE HERBS is involved in the manufacture and
sales of organic herbs & spices, organic body care products, organic teas,
natural health. MOUNTAIN ROSE HERBS operates on following business areas as
herbs and spices, teas, aromatherapy, ingredients, health, bath and body,
containers, home goods, specials. Aromatherapy segment offers products such as
aroma oil blends, aroma sprays, candles, diffusers and burners, essential oils,
hydrosols, kits and samples.
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.
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