Global Aromatherapy market share 2024, Forecast To 2033
24 Jan, 2024
The aromatherapy market has experienced rapid growth, escalating from $1.94 billion in 2023 to $2.14 billion in 2024 at a CAGR of 10.1%. The growth in the historic period is attributed to an increased preference for natural health remedies, the emergence of e-commerce channels, regulatory support, influence of social media, and expansion into emerging markets. Projecting into 2028, the market is expected to reach $3.09 billion at a CAGR of 9.7%. The forecasted growth is fueled by growing consumer awareness of the therapeutic benefits, increasing research and development efforts, rising demand for preventive care products, rising disposable income, and rising urbanization. Major trends in this period include digital aromatherapy, CBD-infused aromatherapy, aromatherapy for pets, personalized and customized products, and holistic wellness.
Global Aromatherapy Market Key Driver
The aromatherapy market sees growth driven by rising stress, anxiety, and depression among people. The COVID-19 pandemic leads to increased mental health challenges, with a 25% surge in global occurrences of anxiety and sadness in the first year. Individuals seek ayurvedic and chemical-free methods, such as aromatherapy, to alleviate stress. The World Health Organization reports the significant impact of the pandemic on mental health, underscoring the potential growth of the aromatherapy market in addressing these concerns.
Get A Free Sample Of The Global Aromatherapy Market ReportGlobal Aromatherapy Market Segments
The global aromatherapy market covered in this report is segmented –
1) By Product Type: Consumables, Equipment
2) By Delivery Outlook: Topical Application, Aerial Diffusion, Direct Inhalation
3) By Application: Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Scar Management, Other Applications
4) By End-Use: Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers
5) By Distribution Channel: D2C, B2B
By Geography: The regions covered in the Aromatherapy market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Aromatherapy Industry Players
doTERRA International LLC, Young Living Essential Oils LC, Edens Garden LLC, Mountain Rose Inc., Plant Therapy Inc., Aromahead Institute Inc., Aromafloria Inc., Aromatherapy Associates Limited, Frontier Natural Products Co-op, Bath & Body Works LLC., Body Bliss LLC., Floracopeia Inc., G. Baldwin & Co. Ltd., Healing Fragrances School of Aromatherapy Inc., Neal's Yard (Natural Remedies) Limited, NOW Health Group Inc., Primavera Life GmbH, Rocky Mountain Oils LLC., Saje Natural Wellness USA Inc., Stillpoint Aromatics LLC., The Aromatherapy Company, The Aromatherapy Shoppe LLC., The Body Shop International Limited, The Essential Oil Company Inc., Tisserand Institute LLC., Zija International Inc., ZYTO Corporation, Aromaflage LLC., Aromatics International LLC.
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Aromatherapy Market Overview
Aromatherapy refers to devices which utilize essential oils extracted from nature, such as plants, either to be inhaled or applied to the body to promote health and well-being. The aroma molecules in essential oils move straight from the olfactory nerves to the brain when inhaled, and affecting the amygdala, the brain's emotional center. Aromatherapy helps in reducing pain, enhances sleep quality, reduces joint pain, reduces stress, and others.
Aromatherapy Global Market Report 2023 provides data on the global aromatherapy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aromatherapy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.