Aromatherapy Market From 2019 To 2023 is latest report on “Aromatherapy Market”, published by Market Research Future. Global Aromatherapy Market analyzed By By Product (Essential Oils (Floral, Citrus, Green/Vegetative, Herbaceous/Camphoraceous, Spicy, Others), Carrier Oils and blended oils), Equipment (Nebulizer Diffuser, Ultrasonic Diffuser, Heat Diffuser), By Application (Tropical, Inhalation, Aerial Diffusion); By Therapeutic Application (Relaxation and Sleep, Pain Management, Skin and Hair Care, Other remedies) – Forecast to 2023
Global Aromatherapy Market – Overview
Aromatherapy has long been recognized as an alternative treatment, being offered in therapeutic practices, including yoga studios & spas, massage centers, even in hospice settings and chiropractic facilities. Utilizing aromatic oils, and other aroma compounds this medicine practice is helpful in treating health conditions ranging from chronic stress, anxiety, and depression to insomnia and trouble sleeping and from muscle pain, respiratory infections skin problems or disorders, to blood sugar fluctuations, and even cancer.
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Over the period, there have been some product additions in the space of Aromatherapy. Products such as aromatherapy diffusers, beaded ornaments made of lava stones soaked in various essential oils that release fragrances and beer essential oils are becoming the current market trends. This presages that people are well aware of the benefits of aromatherapy and increasingly prefer it, relying on the usages of natural oils.
Resultantly, the global Aromatherapy market is growing pervasively, witnessing augmented uptake of aromatherapy as an alternative medicine practice. Today, online and store-based distribution channels are availing various therapeutic-grade aromatherapy products and oils, offering the convenience of purchasing. All these factors such as advantages, awareness, and accessibility cumulatively drive the aromatherapy market on the global platform.
Market Research Future (MRFR) in its recently published study report asserts that the already booming market of Aromatherapy is expected to gain prominence over the forecast period. The market is forecasted to reach USD 4.3 billion by the end of 2023, growing at a CAGR of ~ 6.18 % during 2017-2023.
Improving economic conditions worldwide are fuelling the urbanization, further ushering the problems about the changing lifestyle such as sleep disturbances, stress, etc. Simultaneously, the improved economy has also fostered the lifestyle industry, enhancing the quality of life of people making the best healthcare available to them. The non-invasive nature of aromatherapy is also one of the key factor fostering the market growth exclusively.
Conversely, there are some growth restraining factors as well that are expected to hinder the market growth. These factors are stringent regulations about the obligatory differentiation label on the product citing therapeutic grade or cosmetic grade products, lack of expertise among the therapists and toxic nature of some of the essential oils like Cineole which is poisonous above the recommended dose and an overdose may cause some severe respiratory symptoms. Also, the fact that is impeding the market growth up to some extent is that there is no solid medical evidence that aromatherapy prevents or cures diseases mentioned above.
Global Aromatherapy Market Analyzed By Top Key Players
The prominent players operating the global aromatherapy market comprises NOW Foods, Muji, Tree of Life, Young Living, Neal’s Yard Remedies, dōTERRA, Zija International, Nu Skin, Air Aroma, and others.
Global Aromatherapy Market: Segmental Analysis
The global aromatherapy market has been segmented on the basis of product, application, and therapeutic application.
By mode of product, the global aromatherapy market has been segmented into essential oils and equipment. Among these, the essential oils segment is likely to gain prominence in the coming years owing to the increased awareness regarding the therapeutic value of these oils.
By mode of application, the global aromatherapy market has been segmented into inhalation, tropical, and aerial diffusion.
By mode of therapeutic application, the global aromatherapy market has been segmented into relaxation and sleep, skin and hair care, pain management, and other remedies. Among these, the relaxation & sleep segment is considered to gain prominence in the coming years owing to the surging number of people suffering from stress and anxiety along with the side effects associated with alternative medicines.
Global Aromatherapy Market: Regional Insights
Geographically, the aromatherapy market span across regions namely, Europe, North America, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the North American region is the most prominent region in the global market with the U.S. generating the maximum revenue. The high per capita income and high population density are the top two factors encouraging the market growth in this region. The surging awareness among the people regarding the health benefits of essential oils and aromatherapy coupled with the rising demand for herbal products for personal care are contributing to the growth of the market.
The European region is estimated to occupy the second spot and is likely to expand at the fastest speed. France is considered the largest market in this region owing to the tradition of aromatics. The presence of prominent market players has further influenced the market growth.
The Asia Pacific region is experiencing steady growth with China being the largest market owing to the presence of a large population. The region has proved to be a potential region for the market players owing to the surging incidences of lifestyle and chronic diseases, high population base, and growing disposable income of the people. Medical tourism makes the region a lucrative region for aromatherapy as economies like India having the traditional process of using natural resources and essential oils for treating various illness attract tourists across the globe.
March 27, 2019: Lunaroma Aromatic Apothecary in Burlington offer over hundreds of essential oils and they are now making their way into modern medicine with doctors using the age-old technique to help their patients.
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