Aromatherapy Market

GMI Research analysis indicates that the Aromatherapy Market is slated to register a CAGR of 10.5% over the period, 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

Some of the key factors driving the global aromatherapy market include the demand for aromatherapy by people. This is due to their suffering from depression, insomnia, anxiety, and other ailments due to a bad lifestyle and excessive workload.  Hence, aromatherapy helps relieve the mind and soul of these people by releasing their stress through the scent of essential oils. Secondly, the increasing spa revenue across the globe will play a significant factor in boosting the growth of global aromatherapy market. According to the International Spa Association, the total spa revenue increased from 17.5 billion USD in 2017 to 18.3 billion USD in 2018. In addition to it, a strong distribution network of these essential oils manufacturers and ease of availability of these essential oils to consumers through supermarkets/hypermarkets will play a vital role in accelerating the growth of the global aromatherapy market.

Restraint in the Aromatherapy Market

However, specific skin allergic reactions to some oils like cinnamon oil, jasmine oil, and others might restrain the growth of the global aromatherapy market.

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Product – Segment Analysis

Based on the product, consumables are expected to grow at a higher CAGR over the forecast period in the global aromatherapy market. It is due to the wide application of essential oils ranging from treating insomnia, anxiety to cardiovascular pains by inhalation of scents of these essential oils. The equipment segment is also expected to witness considerable growth over the forecast period in the global aromatherapy market due to the spa & wellness centre’s preference for evaporative mist diffusers to treat patients through inhalation.

Mode of Delivery – Segment Analysis

Direct inhalation is projected to capture the higher CAGR over the forecast period in the global aromatherapy market based on the mode of delivery. This is due to their extensive applications in aromatherapy procedures for treating various ailments like muscular pain, anxiety which is done by scenting essential oils into the patient. Aerial diffusion is also expected to witness lucrative growth over the forecast period in the global aromatherapy market.

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Regional – Segment Analysis:

Based on the regional coverage, North America is projected to lead the market over the forecast period. This is due to the increase in spa locations and spa visits in that region. According to the International Spa Association, the spa locations increased from 21,770 to 22,160 in 2018. Also, the spa visits increased from 187 million in 2017 to 190 million in 2018. In addition, the presence of skilled therapists to treat patients with essential oils plays a vital factor in the growth of the global aromatherapy market in that region.

Top Market Players

Various notable players operating in the market, include, Phoenix Aromas & Essential Oils LLC, Enio Bonchev, Robertet ,  dōTERRA, Rocky Mountain Oils, Firmenich SA, Young Living Essential Oils, The Lebermuth Company, Inc., Biolandes., Sydney Essential Oils Co, among others.

Segments covered in the Report:

The global aromatherapy market has been segmented based on product, mode of delivery, end use and regions. Based on product, market is segmented into consumables and equipment. Consumables is further segmented into essential oils and carrier oils. Equipment is further segmented into ultrasonic, nebulizing, evaporative and heat. Based on mode of delivery, the market is segmented into topical application, direct Inhalation, and aerial diffusion. Based on end use market is segmented into home, wellness & spa centres, hospitals & clinics, yoga & meditation centres. 

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Key questions answered in this research report:

• • At what pace is global aromatherapy market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in aromatherapy market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global aromatherapy market?
  • Which product generated maximum revenues in 2021 and identify the most promising Product during the forecast period?
  • What are the various mode of delivery areas of global aromatherapy market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Aromatherapy Market by Product

• • Consumables
    • Essential Oils
    • Carrier Oils
  • Equipment
    • Ultrasonic
    • Nebulizing
    • Evaporative
    • Heat

Global Aromatherapy Market by Mode of Delivery

• • Topical Application
  • Direct Inhalation
  • Aerial Diffusion

Global Aromatherapy Market by End Use

• • Home
  • Wellness & Spa Centres
  • Hospital & Clinics
  • Yoga & Meditation Centres

Global Aromatherapy Market by Region

• • North America Aromatherapy Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Mode of Delivery
    • By End Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Aromatherapy Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Mode of Delivery
    • By End Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Aromatherapy Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Mode of Delivery
    • By End Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Aromatherapy Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Mode of Delivery
    • By End Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Aromatherapy Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Phoenix Aromas & Essential Oils LLC
  • Enio Bonchev
  • Rocky Mountain Oils
  • dōTERRA
  • Robertet
  • Firmenich SA
  • Young Living Essential Oils
  • The Lebermuth Company Inc.
  • Biolandes
  • Sydney Essential Oils Co