Aromatherapy Market By Product (Consumables, Floral, Citrus, Herbaceous, Spicy), Application (Relaxation , Insomnia, Pain Management, Scar Management), Mode of Delivery (Topical Application, Direct Inhalation, Aerial Diffusion), Distribution Channel (Retail Shops, Online Channel, Direct Distribution) & Region - Forecast to 2019 - 2029
Aromatherapy Market - Analysis, Outlook, Growth, Trends, Forecasts
- October 2019
- 182 pages
Global Aromatherapy Market - Overview
Global aromatherapy market size (2019)
US$ 6 Bn
Projected aromatherapy market size (2029)
US$ 11.8 Bn
Global Market Growth Rate (2019-2029)
Region with highest revenue share (2029)
North America – 30%
With rising sales of essential oils for home use, consumables are anticipated to remain a popular commodity. By the end of 2029, North America is expected to contribute around 30% of the revenue share in the aromatherapy industry.
Due to the strong presence of key market participants in the region, as well as rising healthcare expenditure to adopt alternative treatment methods, North America is expected to continue its leading position in the aromatherapy market.
Key Factors Shaping the Aromatherapy Market
- Strong Distribution Network Creating High Growth Avenues
Strong distribution network is one of the prime factors responsible for the growth of the global aromatherapy market. Various major essential oil manufacturers are undergoing distribution agreements with big retail firms to make their products available resulting in deeper penetration of aromatherapy products.
Also, some companies have adopted multi-level marketing strategy to increase the distribution of their products and hire many independent distributors. Thus, easier availability and affordability of products are expected to increase the demand for essential oils and aromatherapy diffuser products globally.
- Increasing Inclination of Wellness Professionals towards Aromatherapy
A large number of wellness professionals such as spa therapist, aroma therapist, massage therapist, and gym trainers are preferring single and blended essential oils for the treatment of insomnia, anxiety, pain, agitation, alopecia areata, stress, etc. as essential oils provide desired therapeutic effects with minimal or no side effects. This is attributed to the fact that these procedures can be performed without any treatment with drugs.
Also, aromatherapy is ideal for stress relief and curing anxiety and insomnia because of its ability to release hormones such as endorphins, oxytocin, and relaxing. Thus, wide availability of essential oils along with recommendation from wellness professionals are expected to result in significant growth of the aromatherapy market.
Thus, increasing inclination of wellness professionals towards aromatherapy massage for relaxation is a factor expected to contribute to the revenue growth of the aromatherapy market in the near future.
- Trend for Using Aromatherapy Diffusers at Home
There has been an increasing usage of aromatherapy diffusers at home to ward off bad smells. Fragrance diffusers also helps with deodorizing and calming the ambience at home. Usage of different essential oils such as chamomile oil, patchouli oil, lemon, or lavender oil, promotes a calm and stress-free environment. In addition to this, aeriel diffusion of essential oils combat microorganisms, decreases the toxicity of chemicals in air and thus, increases atmospheric oxygen.
Thus, increasing number of people are opting to buy aromatherapy diffusers and essential oils for home usage. Availability of different types of aromatherapy diffusers such as nebulizing diffusers, ultrasonic, evaporative diffusers, and heat diffusers also aids in boosting the revenue growth of the aromatherapy market over the forecast period.
Aromatherapy Market Structure Analysis
- The global aromatherapy market is a moderately competitive market. Young Living Essential Oils, Inc,DoTERRA, Edens Garden, and Rocky Mountain Oils are the major key players contributing maximum market share in terms of revenue.
- Expansion of the business through mergers, acquisitions, collaborations, and alliances are the strategies followed by key players in the aromatherapy market. Key market players are focused on expanding their aromatherapy product lines.
- Noteworthy increasing application of aromatherapy in treatment of insomnia, cancer, and in sports and fitness is further anticipated to boost the growth prospects of the aromatherapy market.
- Global and local market players are benefiting from a significant marketing network of distributors. Also, companies are selling their products online, which is further expected to support the growth of the aromatherapy market.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
- Essentials Oil
- Blended Oils
- Carrier Oils
- Nebulizing Diffuser
- Ultrasonic Diffuser
- Evaporative Diffuser
- Heat Diffuser
- Pain Management
- Scar Management
- Skin & Hair Care
- Cold & Cough
Mode of Delivery
- Topical Application
- Direct Inhalation
- Aerial Diffusion
- Retail Shops
- Online Channel
- Direct Distribution
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East and Africa