Global AromatherapyMarket, by Product Type (Consumables (Essential Oils (Singles (Herbaceous,Woody, Spicy, Floral, Citrus, Earthy, Camphoraceous, and Others), Blends(Carrier Oils)) and Equipment (Ultrasonic, Nebulizing, Evaporative, and Heat)),by Application (Skin & Hair Care, Pain Management, Insomnia, BoostingImmunity, Scar Management, and Others), by Mode of Delivery (TopicalApplication, Direct Inhalation, and Aerial Diffusion), and by Region (NorthAmerica, Latin America, Europe, Asia Pacific, Middle East, and Africa), isestimated to be valued at US$ 5,042.3 Mn in 2020 and is expected to exhibit aCAGR of 8.2% during the forecast period (2020-2027), as highlighted in a newreport published by Coherent Market Insights.
Aromatherapy clinics and spacenters are focusing on expanding their target market, which is expected topropel growth of the global aromatherapy market over the forecast period.Increasing health consciousness and rising need for relaxation techniques haveled spa centers and aromatherapy clinics to widen their sales by focusing onhigh growth markets. For instance, Four Fountain Spa (India) uses aromatherapyproducts such as essential oils for detoxification, anxiety relief, immunitybooster, and others.
Global Aromatherapy Market–Impact of Coronavirus (COVID-19) Pandemic
Key players operating in theglobal aromatherapy market are facing major challenges on various fronts due tothe COVID-19 pandemic. The major challenges include supply of raw materialsrequired for manufacturing product due to irregularities in transportationfacility. Moreover distributors of products are experiencing irregular demandfor products from the retailers due to increasing number of patients sufferingfrom COVID-19 and other life threatening disorders.
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Essential oils haveanti-inflammatory, immunomodulatory, bronchodilatory, and antiviral propertiesagainst SARC-CoV-2 virus, owing to their lipophilic nature. Essential oils aresupported to penetrate viruses easily leading to membrane disruption. Moreover,essential oils contain multiple active phytochemicals that can act on multiplestages of viral replication and also induce positive effects on hostrespiratory system including bronchodilation and mucolysis.
Browse 39 Market Data Tables and34 Figures spread through 222 Pages and in-depth TOC on “Global AromatherapyMarket”- Forecast to 2028, GlobalAromatherapy Market, Global Aromatherapy Market, by Product Type (Consumables(Essential Oils (Singles (Herbaceous, Woody, Spicy, Floral, Citrus, Earthy,Camphoraceous, and Others), Blends, and Carrier Oils)) and Equipment(Ultrasonic, Nebulizing, Evaporative, and Heat)), by Application (Skin &Hair Care, Pain Management, Insomnia, Boosting Immunity, Scar Management, andOthers), by Mode of Delivery (Topical Application, Direct Inhalation, andAerial Diffusion), and by Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa)
Moreover, increasing launches ofproducts is also expected to drive growth of the global aromatherapy marketover the forecast period. For instance, in 2020, OUWAVE AROMA TECH CO., LTDlaunched OY-1D ultrasonic aroma diffuser. OY-1D ultrasonic aroma diffuser workswith essential oils to clean the air. OY-1D ultrasonic aroma diffuser covers anarea of 80-150 m³.
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Key Takeaways of the GlobalAromatherapy Market:
The global aromatherapy market isexpected to exhibit a CAGR of 8.2% during the forecast period due to increasingprevalence of anxiety, which is expected to boost the aromatherapy marketgrowth. Aromatherapy stimulates the smell receptors in the nose, which sendmessages to nervous system. They are also thought to have a subtle effect onthe body’s chemical and energy systems. Because of this, aromatherapy is oftenused as a natural remedy to relieve anxiety and stress. For instance, accordingto the National Institute of Mental Health (NIMH), around 31.9% of adolescentshad any anxiety disorder in the U.S. in 2019.
On the basis of mode of delivery,topical application segment accounted for the largest market share in theglobal aromatherapy market in 2020. Essential oils are mostly applied topicallyon skin using a variety of techniques by diluting in the carrier oil. Topicalapplication is unique because it allows the user to target specific areas ofthe body to achieve a desired effect of the aromatherapy. Thus, advantagesoffered by topical application over another is expected to drive the segmentgrowth in global aromatherapy market over the forecast period.
Among regions, North America isexpected to hold a dominant position in the global aromatherapy market overforecast period. The increasing number of product launches is expected to drivethe North America aromatherapy market growth over the forecast period. Forinstance, in April 2018, Plant Therapy Essential Oils announced that itlaunched an exclusive and limited edition of Mother's Day set, Dear Mom set.This set includes various products include Forever Mom Body Oil, 6 oz.Detoxifying Bath Salts, 10 mL Forever Mom Synergy and other that complete theneed of mothers for relaxing and unwinding.
Major players operating in theglobal aromatherapy market include: doTERRA International, Koninklijke DSMN.V., International Flavors & Fragrances Inc., Symrise, Eden Garden, YoungLiving Essential Oils, Frontier Natural Products Corporation, Rocky MountainOil, Mountain Rose Herbs, Plant Therapy Inc, Thann-Oryza Co. Ltd, G Baldwin& Co., Ouwave Aroma Tech Co. Ltd, RyohinKeikaku Co. Ltd, and IsagenixInternational LLC.
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