Sarasota, FL — (SBWIRE) — 04/12/2019 — According to the report, the global aromatherapy market was valued at around USD 1,168 million in 2017 and is expected to reach approximately USD 2,181 million by 2024, growing at a CAGR of around 9.33% between 2018 and 2024.
Aromatherapy is practiced to treat various diseases and conditions, such as eczema, burns, skin rashes, acne, etc. It is also gradually being approved for pain management. Elderly patients generally opt for aromatherapy to manage chronic pain with conventional therapeutics. Currently, it is progressively being used in homes for cold and flu relief, mood enhancement, relaxation and sleep, and pain relief. These procedures offer convenience, privacy, and cost-effectiveness. The rising use of aromatherapy products is a primary factor driving the global aromatherapy market. Likewise, the easy accessibility of diffusers and consumables at retail stores is further fuelling the demand for aromatherapy products across the world.
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Growing practice of aromatherapy at home, increasing inclination toward essential oils’ usage, rising customer fondness toward natural products, and an upsurge in the occurrence of lifestyle-related diseases are likely to fuel the global aromatherapy market during the estimated time period. Moreover, numerous adverse effects of drugs are a major reason for peoples’ shifting interest from conventional therapeutics to use natural, essential oils. For example, rosemary oil can treat cold, cough, and headaches when inhaled. It also used as a solution for skin and hair care, when applied topically. Therefore, the benefits of natural products in the treatment of several health conditions have altered buyer’s preference from man-made to natural products, which, in turn, is likely to contribute to the global aromatherapy market expansion.
The aromatherapy market has been fragmented based on product, mode of delivery, and application. Based on the product, the global aromatherapy market is segmented into consumables and equipment. The consumable segment is further segmented into essential oils and carrier oils. The essential oils include singles and blends. The singles segment is sub-segmented into herbaceous, woody, spicy, floral, citrus, earthy, camphoraceous, and others. The equipment segment is also fragmented into ultrasonic, nebulizing, evaporative, and heat. Among these, the consumables segment is expected to hold the largest market share during the forecast years, due to a large patient pool choosing carrier oils and essential oils for the therapeutic option, owing to product benefits for increasing immunity.
Based on the mode of delivery, this global market is divided into the topical application, aerial diffusion, and direct inhalation. The topical application segment is estimated to dominate the global aromatherapy market in the future due to its ability to fight against skin-associated issues. Therefore, people with skin-associated issues mostly prefer applying the product topically. Based on application, the aromatherapy market is segmented into relaxation, skin and hair care, pain management, cold and cough, insomnia, scar management, and others. Among these, the relaxation segment held the major market share in 2016, owing to the rising number of people suffering from anxiety, stress, and insufficient sleep. Most people prefer the natural way of treatment, i.e., aromatherapy to manage stress.
By geography, the global aromatherapy market is divided into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. The Asia Pacific is estimated to lead the global aromatherapy market in the upcoming years, due to the growing number of burn accidents in India. North America market is assessed to account for a remarkable share in the global aromatherapy market during the forecast time period, owing to growing awareness about health benefits of aromatherapy.
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The report includes comprehensive profiles of major players operating in the global aromatherapy market, such as Edens Garden, Plant Therapy Inc., Thann-Oryza Co., Ltd., doTERRA International, Frontier Natural Products Co-op., Mountain Rose Herbs, G Baldwin & Co., Ouwave Aroma Tech (Shenzhen) Co., Ltd., RyohinKeikaku Co., Ltd. (Muji), Young Living Essential Oils, and Zija International.
This report segments the global aromatherapy market as follows:
Global Aromatherapy Market: Product Segment Analysis
Global Aromatherapy Market: Mode of Delivery Segment Analysis
Global Aromatherapy Market: Application Segment Analysis
Skin & Hair Care
Cold & Cough
Global Aromatherapy Market: Regional Segment Analysis
The Middle East and Africa
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