SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Aromatherapy – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 369
Companies: 34 – Players covered include artnaturals; Biolandes; Bioway (Xi’an) Organic Ingredients Co., Ltd.; doTERRA International LLC; Edens Garden; Healing Solutions; Majestic Pure; Moksha Lifestyle Products; Mountain Rose Herbs; New Directions Aromatics Inc.; OM SHE Aromatherapy; Radha Beauty Products LLC.; Rocky Mountain Oils LLC.; Young Living Essential Oils and Others.
Coverage: All major geographies and key segments
Segments: Mode of Delivery (Topical Application, Direct Inhalation, Aerial Diffusion); Product Type (Consumables, Equipment)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Aromatherapy Market to Reach $6.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Aromatherapy estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$6.5 Billion by 2026, growing at a CAGR of 6.5% over the analysis period. Consumables, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$5.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Equipment segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.4 Billion by 2026
The Aromatherapy market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2026 trailing a CAGR of 9.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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News published on 1 september 2021 at 10:05 and distributed by: