Aromatherapy clinics and spa centres are focusing on expanding their target market, which will lead to growth in the global aromatherapy market in the estimated period. Rising health awareness and a growing need for relaxation techniques have led spa centres and aromatherapy clinics to increase their sales by focusing on high-growth markets. For example, Four Fountain Spa (India) uses aromatherapy products such as essential oils for detoxification, anxiety reduction, immune boosters and others.
The global aromatherapy market is estimated to be valued at US$ 5,042.3 million in 2021 and is expected to exhibit a CAGR of 8.2% during the forecast period (2022-2028).
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Impact of Coronavirus (COVID-19) Pandemic
Since December 2019, the Covid-19 disease has spread to 100 countries around the world, and the World Health Organization has announced it a public health emergency. As per the World Health Organization, more than 152 million people worldwide have been infected with the coronavirus (COVID-19) by May 3, 2021.
Covid-19 can influence the economy in three main ways; by distribution channel’s economic impact on companies and financial markets, by disrupting distribution channels, and by directly affecting production and demand. Due to the nationwide lockdown, many countries like Egypt, UAE, Saudi Arabia, India, China, and others are facing problems in transporting drugs from one place to another.
Moreover, players working in the global aromatherapy market are facing key issues on various areas due to the Covid-19 epidemic. The supply of raw materials required for the manufacture of aromatherapy products is a major challenge due to asymmetries in transportation. Furthermore, the increasing number of patients afflicting from Covid-19 and other life-endangering diseases has led to erratic demand for products from distributors to retailers.
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Due to increasing rate of anxiety, the size of the global aromatherapy market is estimated to be valued at US$ 5,042.3 million in 2021 and during the estimated period (2022-2028) it is likely to witness a CAGR of 8.2%. Aromatherapy stimulates nasal odour receptors, which send messages to the nervous system. They are thought to have subtle effects on the body’s chemical and energy systems. Because of this, aromatherapy is used as a natural remedy for anxiety and stress. For example, according to the National Institutes of Mental Health (NIMH), in 2019, approximately 31.9% of adolescents in the U.S. had any anxiety disorder.
Based on the distribution method, the topical application segment had the largest share in the global aromatherapy market in 2021. Essential oils are mainly applied to the skin using various techniques diluted in carrier oil. The topical application is unique in that it allows the user to target specific parts of the body to achieve the desired effect of aromatherapy. Thus, the benefits offered by the local application on the other hand are likely to drive the growth of the segment in the global aromatherapy market in the estimated period.
Among regions, North America is likely to hold a dominant position in the global aromatherapy market over estimated period. The North American aromatherapy market is likely to grow in the estimated period due to the increasing number of product launches. For example, Plant Therapy Essential Oil announced that it had launched a special and limited-edition Mother’s Day Set, Dear Mom Set in April 2018. This set includes a variety of products such as Forever Mom Body Oil, 6 ounces. Detoxifying Bath Salt, 10ml Forever Mom Synergy and others that meet the needs of mothers to relax and unwind.
Competitive Landscape
Key players performing in the global aromatherapy market are Isagenix International LLC, RyohinKeikaku Co. Ltd, Ouwave Aroma Tech Co. Ltd, G Baldwin & Co., Thann-Oryza Co. Ltd., Plant Therapy Inc., Mountain Rose Herbs, Rocky Mountain Oil, Frontier Natural Products Corporation, Young Living Essential Oils, Eden Garden, Symrise, International Flavors & Fragrances Inc., Koninklijke DSM N.V., and doTERRA International.
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◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Aromatherapy Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Aromatherapy Industry Impact
Chapter 2 Global Aromatherapy Competition by Types, Applications, and Top Regions and Countries
2.1 Global Aromatherapy (Volume and Value) by Type
2.3 Global Aromatherapy (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Aromatherapy Sales, Consumption, Export, Import by Regions
Chapter 5 North America Aromatherapy Market Analysis
Chapter 6 East Asia Aromatherapy Market Analysis
Chapter 7 Europe Aromatherapy Market Analysis
Chapter 8 South Asia Aromatherapy Market Analysis
Chapter 9 Southeast Asia Aromatherapy Market Analysis
Chapter 10 Middle East Aromatherapy Market Analysis
Chapter 11 Africa Aromatherapy Market Analysis
Chapter 12 Oceania Aromatherapy Market Analysis
Chapter 13 South America Aromatherapy Market Analysis
Chapter 14 Company Profiles and Key Figures in Aromatherapy Business
Chapter 15 Global Aromatherapy Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology….
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