Aromatherapy Market Growth & Trends
The global aromatherapy market size is anticipated to reach USD 3.7 billion by 2028. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.
Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.
The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.
The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.
Aromatherapy Market Report Highlights
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The global aromatherapy market size is anticipated to reach USD 3.7 billion by 2028. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.
Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.
The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.
The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.
Aromatherapy Market Report Highlights
- The demand for aromatherapy diffusers is expected to witness growth at an estimated CAGR of 8.8% from 2021 to 2028 owing to the growing preference for diffusers as they help in gaining the therapeutic benefits from essential oils.
- The relaxation application segment accounted for 23.2% of the global revenue share in 2020 on account of an increase in the number of people suffering from stress and anxiety coupled with a growing preference for natural treatment to get relief from stress.
- The e-commerce distribution channel segment is anticipated to witness growth at a CAGR of 12.2% over the forecast period on account of benefits associated with this channel, such as convenience, availability of a wide range of products, and ease-of-buying.
- In September 2020, Stadler Form Aktiengesellschaft expanded its products offerings by launching Zoe, a glowing energy-efficient aroma diffuser that uses ultrasound technology to emit essential oils in the room.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Aromatherapy Market Variables, Trends, & Scope
Chapter 5. Aromatherapy Market: Product Estimates & Trend Analysis
Chapter 6. Aromatherapy Market: Mode of Delivery Estimates & Trend Analysis
Chapter 7. Aromatherapy Market: Application Estimates & Trend Analysis
Chapter 8. Aromatherapy Market: Distribution Channel Estimates & Trend Analysis
Chapter 9. Aromatherapy Market: End-use Estimates & Trend Analysis
Chapter 10. Aromatherapy Market: Regional Estimates & Trend Analysis
Chapter 11. Aromatherapy Market: Competitive Analysis
Chapter 12. Company Profiles
List of Tables
List of Figures
Companies Mentioned
- Dōterra
- Young Living Essential Oils
- Mountain Rose Herbs
- Edens Garden
- Rocky Mountain Oils, LLC
- Plant Therapy Essential Oils
- Florihana
- Biolandes
- Falcon
- Stadler Form Aktiengesellschaft
- Hubmar International
- Sparoom
- Eo Products
- Now Foods
- Ryohin Keikaku Co. Ltd.
Methodology
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