The global aromatherapy carrier oil market accounted for USD 4.31 billion in 2023 and is expected to reach USD 17.04 billion by 2034 with a CAGR of 10.43% during the forecast period 2024-2034. The market will rise as a result of factors such as growing consumer preference for natural products, growing awareness of the benefits of essential oils, a boom in the wellness and personal care sector, and an increasing emphasis on research and development.
Natural and integrative approaches to health and well-being are becoming more and more popular with consumers. The use of essential oils mixed in carrier oils for therapeutic purposes - a practice known as aromatherapy - has grown in favor. The demand for carrier oils, which are a prerequisite for the secure and efficient use of essential oils, is fueled by this trend. For instance, Young Living furthered its product options in the wellness industry in 2022 when it announced that it would acquire Nature's Ultra, a well-known CBD brand.
By type of carrier oils, the sweet almond oil segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the increasing consumer preference for its mild scent, versatile properties, and numerous skincare benefits, including moisturizing, nourishing, and soothing properties. For instance, Rocky Mountain Oils declared that it will introduce a new customer loyalty program in 2022 that will offer incentives and perks for returning consumers and brand loyalty. Additionally, the avocado oil segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing recognition of its rich composition of vitamins, antioxidants, and essential fatty acids, which offer various skincare and haircare benefits such as hydration, anti-aging properties, and promoting scalp health.
By application, the cosmetics segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the growing consumer demand for natural and organic ingredients in cosmetic formulations, as well as the increasing incorporation of aromatherapy carrier oils into various beauty products such as creams, lotions, serums, and makeup products. For instance, in February 2022, New Directions Aromatics Inc. - a supplier of natural ingredients to the personal care, health and beauty, and cosmetics markets - and TruArc Partners, a private equity firm that actively engages with middle-market specialty manufacturing and business services companies that focus on driving transformative growth, announced their partnership. Additionally, the personal care segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing consumer awareness about the benefits of aromatherapy carrier oils for personal grooming routines, including skincare, haircare, and hygiene practices.
By distribution channel, the specialty stores segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the growing consumer preference for personalized shopping experiences and expert guidance when selecting aromatherapy products, coupled with the ability of specialty stores to offer a wide range of high-quality carrier oils and related aromatherapy products, thereby attracting discerning customers seeking premium and niche offerings. For instance, Edens Garden will launch its N°13 Limited Edition Anniversary Blend in May 2022. Additionally, the e-commerce segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing adoption of online shopping platforms, the convenience of browsing and purchasing aromatherapy carrier oils from anywhere at any time, wider product selection, ease of comparison shopping, and the availability of discounts and promotional offers.
North American region is anticipated to have the highest revenue share during the forecast period owing to the growing consumer awareness about health and wellness trends, the strong presence of key market players, and increasing demand for natural and organic products in the region. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising disposable income, expanding population base, growing adoption of aromatherapy practices, and increasing consumer focus on personal well-being and self-care in the region. For instance, Edens Garden responded to the increasing demand for organic products by launching a new range of USDA-certified organic carrier oils in January 2024. This demonstrates the industry's emphasis on organic certification.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Natural and integrative approaches to health and well-being are becoming more and more popular with consumers. The use of essential oils mixed in carrier oils for therapeutic purposes - a practice known as aromatherapy - has grown in favor. The demand for carrier oils, which are a prerequisite for the secure and efficient use of essential oils, is fueled by this trend. For instance, Young Living furthered its product options in the wellness industry in 2022 when it announced that it would acquire Nature's Ultra, a well-known CBD brand.
By type of carrier oils, the sweet almond oil segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the increasing consumer preference for its mild scent, versatile properties, and numerous skincare benefits, including moisturizing, nourishing, and soothing properties. For instance, Rocky Mountain Oils declared that it will introduce a new customer loyalty program in 2022 that will offer incentives and perks for returning consumers and brand loyalty. Additionally, the avocado oil segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing recognition of its rich composition of vitamins, antioxidants, and essential fatty acids, which offer various skincare and haircare benefits such as hydration, anti-aging properties, and promoting scalp health.
By application, the cosmetics segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the growing consumer demand for natural and organic ingredients in cosmetic formulations, as well as the increasing incorporation of aromatherapy carrier oils into various beauty products such as creams, lotions, serums, and makeup products. For instance, in February 2022, New Directions Aromatics Inc. - a supplier of natural ingredients to the personal care, health and beauty, and cosmetics markets - and TruArc Partners, a private equity firm that actively engages with middle-market specialty manufacturing and business services companies that focus on driving transformative growth, announced their partnership. Additionally, the personal care segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing consumer awareness about the benefits of aromatherapy carrier oils for personal grooming routines, including skincare, haircare, and hygiene practices.
By distribution channel, the specialty stores segment accounted for the highest revenue-grossing segment in the global aromatherapy carrier oil market in 2023 owing to the growing consumer preference for personalized shopping experiences and expert guidance when selecting aromatherapy products, coupled with the ability of specialty stores to offer a wide range of high-quality carrier oils and related aromatherapy products, thereby attracting discerning customers seeking premium and niche offerings. For instance, Edens Garden will launch its N°13 Limited Edition Anniversary Blend in May 2022. Additionally, the e-commerce segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing adoption of online shopping platforms, the convenience of browsing and purchasing aromatherapy carrier oils from anywhere at any time, wider product selection, ease of comparison shopping, and the availability of discounts and promotional offers.
North American region is anticipated to have the highest revenue share during the forecast period owing to the growing consumer awareness about health and wellness trends, the strong presence of key market players, and increasing demand for natural and organic products in the region. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising disposable income, expanding population base, growing adoption of aromatherapy practices, and increasing consumer focus on personal well-being and self-care in the region. For instance, Edens Garden responded to the increasing demand for organic products by launching a new range of USDA-certified organic carrier oils in January 2024. This demonstrates the industry's emphasis on organic certification.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Types of Carrier Oil, Application, and Distribution Channel
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
Segmentation: Aromatherapy Carrier Oil Market Report 2023 - 2034
Aromatherapy Carrier Oil Market Analysis & Forecast by Types of Carrier Oil 2023 - 2034 (Revenue USD Bn)
- Jojoba Oil
- Sweet Almond Oil
- Coconut Oil
- Olive Oil
- Grapeseed Oil
- Avocado Oil
- Sunflower Oil
- Argan Oil
- Hemp Seed Oil
- Rosehip Oil
- Evening Primrose Oil
- Apricot Kernel Oil
Aromatherapy Carrier Oil Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Cosmetic
- Personal Care
- Food and Beverages
- Medical
Aromatherapy Carrier Oil Market Analysis & Forecast by Distribution Channel 2023 - 2034 (Revenue USD Bn)
- Specialty Stores
- Supermarkets/Hypermarkets
- Drugstores/Pharmacies
- Beauty Retailers
- Health Food Stores
- E-commerce
Aromatherapy Carrier Oil Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Aromatherapy Carrier Oil Market: Types of Carrier Oil Estimates & Trend Analysis
8. Aromatherapy Carrier Oil Market: Application Estimates & Trend Analysis
9. Aromatherapy Carrier Oil Market: Distribution Channel Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Aromatherapy Carrier Oil Market
12. Europe Global Aromatherapy Carrier Oil Market
13. Asia Pacific Global Aromatherapy Carrier Oil Market
14. Latin America Global Aromatherapy Carrier Oil Market
15. MEA Global Aromatherapy Carrier Oil Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Young Living Essential Oils
- doTERRA International LLC
- NOW Foods
- Mountain Rose Herbs
- Plant Therapy Essential Oils
- Edens Garden
- Aura Cacia
- Rocky Mountain Oils
- Healing Solutions
- Majestic Pure
- Radha Beauty
- ArtNaturals
- Gya Labs
- Plant Guru
- Maple Holistics.
