The global aromatherapy products market size was valued at $2,345.1 million in 2020 and is estimated to reach $5,328.3 million by 2031, registering a CAGR of 9.0% from 2022 to 2031.
In the past 10 years, there has been a tremendous increase in the number of businesses selling aromatherapy products, notably the large multi-level marketing businesses. Aromatherapy is a type of complementary medicine that is used to treat a variety of ailments. Aromatherapy is a holistic treatment method, which utilizes pure plant extracts that supports health and wellbeing. It is frequently referred as 'essential oil treatment' because essential oils are important components of the practice. Inpatient or outpatient symptom therapy for pain, nausea, overall wellbeing, anxiety, depression, stress, and sleeplessness may benefit from clinical aromatherapy, an alternative medicine therapy. Preoperative anxiety, oncology, palliative care, hospice, and end-of-life care are all helped by it. In comparison to traditional treatment, consumers view natural health solutions like aromatherapy as it is gentler, convenient and safer choices for pain relief therapy. Particularly with regard to potent medications taken for extended periods of time, consumers are becoming more aware of the potential adverse effects of traditional treatment. Aromatherapy is not capable of curing arthritis, but research shows that it can have a powerful impact on patient’s well-being, including the level of pain.
Aromatherapy is frequently used by people who have skin rashes, since it can nourish the skin and lessen inflammation. People do not always favor synthetic items because of their negative side effects. People choose essential and carrier oils as a result for a variety of skin conditions. Numerous skin and hair disorders can be helped by the antifungal, antibacterial, and antiseptic characteristics of these oils.
Even though the novel coronavirus pandemic had a devastating impact on a number of industries, the aromatherapy products market grew favorably during this time. Due to its anti-infective, antioxidant, and antimicrobial properties, essential oils are used to treat a variety of medical conditions, such as immune system disorders, depression, and sleep disorders.
The aromatherapy products market is segmented into form, product, application, distribution channel, and region. On the basis of form, the market is categorized into holistic, medical, and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care, and others. By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE and Rest of LAMEA).
Region-wise, Asia-Pacific has gained considerable share in aromatherapy products and is expected grow at the highest CAGR during the forecast period. This is majorly attributed to growing per capita income, rise in expenditure on healthcare, and awareness regarding the benefits of the aromatherapy products, including essential oil. Furthermore, growing export of the essential oil to developed countries, including the U.S., UK, and Germany are further likely to supplement the growth of the market during the forecast period. For instance, according to The Observatory of Economic Complexity (OEC), China was the fourth-largest exporter of essential oils globally in 2020 with a total export value of $403M. In the same year, essential oils ranked as China's 555th most exported good. The U.S. ($86.3M), Indonesia ($51.9M), India ($32.4M), UK ($28.1M), and Germany ($24.5M) are China's top export markets for essential oils.
The major players operating in the market are dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.
In the past 10 years, there has been a tremendous increase in the number of businesses selling aromatherapy products, notably the large multi-level marketing businesses. Aromatherapy is a type of complementary medicine that is used to treat a variety of ailments. Aromatherapy is a holistic treatment method, which utilizes pure plant extracts that supports health and wellbeing. It is frequently referred as 'essential oil treatment' because essential oils are important components of the practice. Inpatient or outpatient symptom therapy for pain, nausea, overall wellbeing, anxiety, depression, stress, and sleeplessness may benefit from clinical aromatherapy, an alternative medicine therapy. Preoperative anxiety, oncology, palliative care, hospice, and end-of-life care are all helped by it. In comparison to traditional treatment, consumers view natural health solutions like aromatherapy as it is gentler, convenient and safer choices for pain relief therapy. Particularly with regard to potent medications taken for extended periods of time, consumers are becoming more aware of the potential adverse effects of traditional treatment. Aromatherapy is not capable of curing arthritis, but research shows that it can have a powerful impact on patient’s well-being, including the level of pain.
Aromatherapy is frequently used by people who have skin rashes, since it can nourish the skin and lessen inflammation. People do not always favor synthetic items because of their negative side effects. People choose essential and carrier oils as a result for a variety of skin conditions. Numerous skin and hair disorders can be helped by the antifungal, antibacterial, and antiseptic characteristics of these oils.
Even though the novel coronavirus pandemic had a devastating impact on a number of industries, the aromatherapy products market grew favorably during this time. Due to its anti-infective, antioxidant, and antimicrobial properties, essential oils are used to treat a variety of medical conditions, such as immune system disorders, depression, and sleep disorders.
The aromatherapy products market is segmented into form, product, application, distribution channel, and region. On the basis of form, the market is categorized into holistic, medical, and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care, and others. By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE and Rest of LAMEA).
Region-wise, Asia-Pacific has gained considerable share in aromatherapy products and is expected grow at the highest CAGR during the forecast period. This is majorly attributed to growing per capita income, rise in expenditure on healthcare, and awareness regarding the benefits of the aromatherapy products, including essential oil. Furthermore, growing export of the essential oil to developed countries, including the U.S., UK, and Germany are further likely to supplement the growth of the market during the forecast period. For instance, according to The Observatory of Economic Complexity (OEC), China was the fourth-largest exporter of essential oils globally in 2020 with a total export value of $403M. In the same year, essential oils ranked as China's 555th most exported good. The U.S. ($86.3M), Indonesia ($51.9M), India ($32.4M), UK ($28.1M), and Germany ($24.5M) are China's top export markets for essential oils.
The major players operating in the market are dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aromatherapy products market analysis from 2021 to 2031 to identify the prevailing aromatherapy products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aromatherapy products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aromatherapy products market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
- Essential Oils
- Blend Oils
By Application
- Relaxation and Sleep
- Pain Management
- Skin and Hair Care
- Others
By Form
- Holistic
- Medical
- Others
By Distribution Channel
- Direct Distribution
- MLM Distribution
- Supermarket and Hypermarket
- Pharmaceutical and Speciality Store
- E commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- South Korea
- Singapore
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Turkey
- UAE
- Rest of LAMEA
Key Market Players
- d?TERRA
- Edens Garden
- Young Living Essential Oils LC
- Rocky Mountain Oils
- Plant Therapy Essential Oils
- FLORIHANA
- Biolandes
- Falcon Essential Oils
- Stadler Form
- Hubmar International
- SpaRoom
- Mountain Rose Herbs
- Air Aroma
- Nu Skin
- H.Reynaude & Fils
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AROMATHERAPY PRODUCTS MARKET, BY FORM
CHAPTER 5: AROMATHERAPY PRODUCTS MARKET, BY PRODUCT
CHAPTER 6: AROMATHERAPY PRODUCTS MARKET, BY APPLICATION
CHAPTER 7: AROMATHERAPY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: AROMATHERAPY PRODUCTS MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Aromatherapy Products Market," the aromatherapy products market was valued at $2.3 billion in 2021, and is estimated to reach $5.3 billion by 2031, growing at a CAGR of 9% from 2022 to 2031.Aromatherapy is the technique of using essential oils (EOs) and other fragrant molecules from plants to influence someone's mood or health. It is frequently linked to complementary and alternative medicine (CAM). René Maurice Gattefossé, a French chemist, first used the aromatherapy term in the 1920s.
Growing popularity for therapeutic treatments and rise in awareness regarding the benefits of aromatherapy products, such as anti-inflammatory, analgesic, antioxidant, immunoregulatory, antimicrobial, antiseptic, herbicidal, insecticidal, and anti-parasitic are likely to supplement the growth of the aromatherapy product market during the forecast period. Furthermore, people can use aromatherapy massage, body, and facial oils for various treatments, such as anxiety, depression, stress, headaches, migraines, chronic pain, acute pain, muscular and joint pain, inflammation, rheumatoid arthritis, and others.
The COVID-19 outbreak positively impacted the overall growth of the aromatherapy products market in 2020. This was attributed to increase in customer interest in employing aromatherapy to protect mental health and combat pandemic circumstances.
The aromatherapy products market is segmented into form, product, application, distribution channel, and region. On the basis of form, the market is categorized into holistic, medical, and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care, and others. By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE, and Rest of LAMEA).
According to the aromatherapy products market trends, on the basis of form, the medical segment is estimated to reach $1,499.6 million by 2031, at a CAGR of 11.1% during the forecast period. Aromatherapy is an alternative medicine or integrative therapy that works with conventional medicine treatment. Aromatherapy uses medicinally effective aromatic essential oils to enhance physical, mental, and spiritual well-being. It improves mental and emotional wellbeing. Thus, growing preference of people for natural ingredients-based medicinal therapy and rise in awareness regarding the benefits of the aromatherapy are likely to garner growth throughout the aromatherapy products market forecast period.
According to the aromatherapy products market analysis, by product, the essential oils segment was the significant contributor to the market, with $1,598.7 million in 2021 and is expected to grow at a CAGR of 8.7% during the forecast period. Various types of the essential oils are used for aromatherapy, such as orange, eucalyptus, cornmint, peppermint, citronella, lemon, lime, clove, spearmint, and others. Essential oil is the major and critical component of the aromatherapy products industry, thus it is also call as essential oil treatment. Henace, increase in use of essentail oil in aromatherapy masages and trements are likely to contribute for the aromatherapy products market growth during the forecast period.
According to application, the pain management segment is estimated to reach $1,539.6 million by 2031, growing at a CAGR of 9.6% during the forecast period. Patients are turning to alternative treatments like aromatherapy items owing to ineffectiveness of oral painkillers. Many people are dependent on painkillers, although they frequently have negative side effects and are ineffective sometimes. In addition, one of the factors driving up demand for aromatherapy products is lack of preference for surgeries for the pain management.
According to distribution channel, the e-commerce segment was the significant contributor to the market, with $86.7 million in 2020 and is growing at a CAGR of 12.4% during the forecast period. Easy accessibility offered by online sales channel boosts its adoption in the aromatherapy products market. E-commerce has becoming a considerably popular medium for purchase of aromatherapy products. Easy availability of information about product specifications, time-saving feature, and facility of home delivery contributes to the growth of online sales.
According to the aromatherapy products market opportunities, region-wise, Asia-Pacific garnered the considerable aromatherapy products market share in 2020, and is expected to maintain its market share during the forecast period. This is majorly attributed to growing disposable income, which promotes them to spend money on their health and well-being. In addition to this, the country's healthcare spending is rising as well, which is pushing the regional domain.
The players operating in the global aromatherapy products industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.
Key Findings of the Study
The aromatherapy products market size was valued at $2,345.1 million in 2020, and is estimated to reach $5,328.3 million by 2030, registering a CAGR of 9.0% from 2022 to 2031.By form, the medical segment accounted for $542.6 million, garnering 23.1% of the global market share in 2021.
By product, the blend oils segment acquired $746.4 million, exhibiting 31.8% of the global market share in 2021.
By application, the relaxation and sleep segment was valued at $963.1 million, accounting for 41.1% of the market share in 2021.
By distribution channel, the pharmaceutical and specialty stores segment acquired $299.4 million, exhibiting 12.8% of the global market share in 2021.
The U.S. was the most prominent market in North America in 2021, and is projected to reach $1,759.6 million by 2031, growing at a CAGR of 8.3% during the forecast period.
Companies Mentioned
- D?Terra
- Edens Garden
- Young Living Essential Oils Lc
- Rocky Mountain Oils
- Plant Therapy Essential Oils
- Florihana
- Biolandes
- Falcon Essential Oils
- Stadler Form
- Hubmar International
- Sparoom
- Mountain Rose Herbs
- Air Aroma
- Nu Skin
- H.Reynaude & Fils
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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