Global Aromatherapy
Market, by Product Type (Consumables (Essential Oils (Singles (Herbaceous,
Woody, Spicy, Floral, Citrus, Earthy, Camphoraceous, and Others), Blends
(Carrier Oils)) and Equipment (Ultrasonic, Nebulizing, Evaporative, and Heat)),
by Application (Skin & Hair Care, Pain Management, Insomnia, Boosting
Immunity, Scar Management, and Others), by Mode of Delivery (Topical
Application, Direct Inhalation, and Aerial Diffusion), and by Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is
estimated to be valued at US$ 5,042.3 Mn in 2020 and is expected to exhibit a
CAGR of 8.2% during the forecast period (2020-2027), as highlighted in a new
report published by Coherent Market Insights.
Aromatherapy clinics and spa
centers are focusing on expanding their target market, which is expected to
propel growth of the global aromatherapy market over the forecast period.
Increasing health consciousness and rising need for relaxation techniques have
led spa centers and aromatherapy clinics to widen their sales by focusing on
high growth markets. For instance, Four Fountain Spa (India) uses aromatherapy
products such as essential oils for detoxification, anxiety relief, immunity
booster, and others.
Global Aromatherapy Market–
Impact of Coronavirus (COVID-19) Pandemic
Key players operating in the
global aromatherapy market are facing major challenges on various fronts due to
the COVID-19 pandemic. The major challenges include supply of raw materials
required for manufacturing product due to irregularities in transportation
facility. Moreover distributors of products are experiencing irregular demand
for products from the retailers due to increasing number of patients suffering
from COVID-19 and other life threatening disorders.
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Essential oils have
anti-inflammatory, immunomodulatory, bronchodilatory, and antiviral properties
against SARC-CoV-2 virus, owing to their lipophilic nature. Essential oils are
supported to penetrate viruses easily leading to membrane disruption. Moreover,
essential oils contain multiple active phytochemicals that can act on multiple
stages of viral replication and also induce positive effects on host
respiratory system including bronchodilation and mucolysis.
Browse 39 Market Data Tables and
34 Figures spread through 222 Pages and in-depth TOC on “Global Aromatherapy
Market”- Forecast to 2028, Global
Aromatherapy Market, Global Aromatherapy Market, by Product Type (Consumables
(Essential Oils (Singles (Herbaceous, Woody, Spicy, Floral, Citrus, Earthy,
Camphoraceous, and Others), Blends, and Carrier Oils)) and Equipment
(Ultrasonic, Nebulizing, Evaporative, and Heat)), by Application (Skin &
Hair Care, Pain Management, Insomnia, Boosting Immunity, Scar Management, and
Others), by Mode of Delivery (Topical Application, Direct Inhalation, and
Aerial Diffusion), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa)
Moreover, increasing launches of
products is also expected to drive growth of the global aromatherapy market
over the forecast period. For instance, in 2020, OUWAVE AROMA TECH CO., LTD
launched OY-1D ultrasonic aroma diffuser. OY-1D ultrasonic aroma diffuser works
with essential oils to clean the air. OY-1D ultrasonic aroma diffuser covers an
area of 80-150 m³.
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Report: https://www.coherentmarketinsights.com/market-insight/aromatherapy-market-2517
Key Takeaways of the Global
Aromatherapy Market:
The global aromatherapy market is
expected to exhibit a CAGR of 8.2% during the forecast period due to increasing
prevalence of anxiety, which is expected to boost the aromatherapy market
growth. Aromatherapy stimulates the smell receptors in the nose, which send
messages to nervous system. They are also thought to have a subtle effect on
the body’s chemical and energy systems. Because of this, aromatherapy is often
used as a natural remedy to relieve anxiety and stress. For instance, according
to the National Institute of Mental Health (NIMH), around 31.9% of adolescents
had any anxiety disorder in the U.S. in 2019.
On the basis of mode of delivery,
topical application segment accounted for the largest market share in the
global aromatherapy market in 2020. Essential oils are mostly applied topically
on skin using a variety of techniques by diluting in the carrier oil. Topical
application is unique because it allows the user to target specific areas of
the body to achieve a desired effect of the aromatherapy. Thus, advantages
offered by topical application over another is expected to drive the segment
growth in global aromatherapy market over the forecast period.
Among regions, North America is
expected to hold a dominant position in the global aromatherapy market over
forecast period. The increasing number of product launches is expected to drive
the North America aromatherapy market growth over the forecast period. For
instance, in April 2018, Plant Therapy Essential Oils announced that it
launched an exclusive and limited edition of Mother's Day set, Dear Mom set.
This set includes various products include Forever Mom Body Oil, 6 oz.
Detoxifying Bath Salts, 10 mL Forever Mom Synergy and other that complete the
need of mothers for relaxing and unwinding.
Major players operating in the
global aromatherapy market include: doTERRA International, Koninklijke DSM
N.V., International Flavors & Fragrances Inc., Symrise, Eden Garden, Young
Living Essential Oils, Frontier Natural Products Corporation, Rocky Mountain
Oil, Mountain Rose Herbs, Plant Therapy Inc, Thann-Oryza Co. Ltd, G Baldwin
& Co., Ouwave Aroma Tech Co. Ltd, RyohinKeikaku Co. Ltd, and Isagenix
International LLC.
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report: https://www.coherentmarketinsights.com/insight/buy-now/2517
About
Coherent Market Insights:
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emerging market trends, technologies, and potential absolute dollar
opportunity.
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