Aromatherapy Market: Global Industry Analysis and Forecast (2021-2029)

Aromatherapy Market was valued at US$ 5.90 Bn. in 2021. Global Aromatherapy Market size is expected to grow at a CAGR of 6.43 % through the forecast period.
Aromatherapy Market Overview:
In essence, aromatic oils and other scent compounds (which are derived from plants and even processed organically to make organic goods) are used in aromatherapy to enhance both physical and mental wellbeing. The use of it in homes to improve mood, unwind, and sleep as well as to cure colds and the flu and relieve pain is growing in popularity.



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Numerous conditions can be treated using aromatherapy, including cardiovascular disease, anxiety, restlessness, wound healing, and skin problems. There are therapeutic uses for aromas and aromatic oils. Aside from treating wounds, anxiety, digestive problems, colds, and coughs, aromatherapy is also used as an alternative medicine for the treatment of wounds, anxiety, and pain management.

2021 is considered as a base year to forecast the market from 2022 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029. 2020 is a year of exception and analysis especially with the impact of lockdown by region.
Aromatherapy Market Dynamics:
Aromatherapy Market Drivers:

Provide Various Health Benefits: It has been demonstrated that aromatherapy helps people feel less stressed, depressed, and anxious. Along with its role in reducing motion sickness, weight management, and maintaining healthy liver and gallbladder functions, aromatherapy also has a role in treating respiratory problems, nervous system disorders, cardiovascular diseases, and gastrointestinal infections. The most important aspect that is expected to drive the market's overall growth is the rising utilization of aromatherapy for a variety of health benefits.

Additionally, the population's growing awareness of these alternative treatments hinders the market's growth during the forecast period. The market's growth is also expected to be tempered by the e-commerce sector's explosive rise, which can be attributed to the convenience of online shopping and the availability of a large variety of goods.

Additionally, it is predicted that the numerous product innovation and development plans, along with the increasing number of efforts by market participants to increase their geographic presence, will create profitable market prospects. Future growth in the aromatherapy sector will be fuelled by rising consumer preference for natural goods and shifting trends in therapeutic modalities.

Aromatherapy Market Restraints:

Limited Scientific Support Will Limit Market Growth: There's not much support for aromatherapy in science. The absence of proof that aromatherapy is effective in treating heart disease, Parkinson's disease, and Alzheimer's disease are expected to hamper sales growth.

Aromatherapy Market Challenges:

The Essential Oil's side effects will provide a challenge

Additionally, the majority of essential oils are safe to use, but caution should be exercised because they may have unintended consequences. This is expected to pose a challenge to the aromatherapy market during the forecast period.
Aromatherapy Market Segment Analysis:
Based on Product, The consumables segment is dominating the market with a 78.4% share, due to the growing use of essential oils as therapeutic agents for various illness conditions. Essential oils and carrier oils are examples of consumables. Essential oils that interact chemically together are combined to create blended essential oils.

Essential Oil Market was valued at US$ 18.6 Bn in 2021. The Essential Oil Market size is expected to grow at a CAGR of 7.4 % through the forecast period.

Essential oils are volatile organic oils that are obtained through distillation from plants. In this process, oils are extracted from various plant components, such as leaves, petals, stems, roots, or bark, using water or steam. These oils help relieve stress, treat pain, and enhance general wellness thanks to their all-natural therapeutic abilities. As a result, essential oils are regarded as complementary medicines.

The equipment segment is expected to grow at a CAGR of 8.8% through the forecast period. The availability of many diffuser types has increased demand for this equipment since they make it easier to use essential oils therapeutically. By employing water, ultrasonic diffusers assist in spreading essential oils throughout the air. The entire region is sprayed with a mist created by combining water and oil. This mist can be inhaled invisibly.

Essential oils can be diffused using nebulizing diffusers, also known as cold air diffusers, without the need for heat or water. These diffusers have parts like a nebulizer, base, and bulb that make it easier for oil to disperse through compressed air. Nebulizing diffusers are good for quickly dispersing essential oils; however, they are useless when dealing with heavier oils.



Based on the Mode of delivery, the topical application Segment is dominating the market with a 42.4% share. Higher therapeutic effects are achieved through topical administration. Some essential oils are used to treat a variety of skin and hair issues, including acne, and to lighten the skin. Topical aromatherapy also helps with cuts and bruises, relieves acute pain or discomfort, and boosts the immune, neurological, circulatory, and respiratory systems.

Due to its success in treating a variety of respiratory illnesses, direct inhalation is expected to have enticing growth through the forecast period. Some medical disorders necessitate the direct inhalation of essential oils, including sore throat, influenza, sinusitis, and coughing. The need for these therapeutic modalities has grown as people's preferences for natural products have expanded, making them an alternative to pharmaceuticals.

The aerial diffusion Market is expected to grow at a CAGR of 11.7% through the forecast period. With the rise in demand for aromatherapy diffusers, aerial diffusion is becoming more and more popular. Aerial diffusion can be accomplished using a variety of techniques, including nebulizing, steam, candle, heat, and evaporative diffusion.

With the COVID-19 pandemic, it is expected that more people will employ the aerial diffusion method of delivery for aromatherapy through heat diffusers, nebulizer diffusers, ultrasonic diffusers, and evaporative oil diffusers. Demand for airborne diffusion is estimated to increase as a result of the potential of candle diffusers, atomizers, and ultrasonic diffusers to promote relaxation, boost energy, and relieve anxiety and tension.

Based on the End-Use, The home-use Segment is dominating the aromatherapy market with a 40% share. Due to its non-invasive nature, aromatherapy is favoured above other therapeutic procedures. As a result, the majority of patients who are prescribed essential oils for medical conditions typically use aromatherapy items close to their residences.

Due to aromatherapy's capacity to promote enhanced blood circulation, lessen nausea, anxiety, and tension, ease digestion, and promote quick healing; hospitals and clinics are other major end-users. Hospitals are using aromatherapy since it is a non-invasive method to help patients heal. As a result, a lot of clinics and hospitals are employing essential oils to speed up healing following surgery.

The yoga and Medication aromatherapy Market is expected to grow at a CAGR of 10% through the forecast period. To provide peaceful and soothing effects, essential oils are utilized in yoga and meditation studios. Additionally, aromatherapy lowers stress and anxiety and creates a peaceful setting for meditation.



Aromatherapy is employed in spas and wellness facilities to promote immunity-boosting stimulation of the circulatory, lymphatic, and musculoskeletal systems as well as relaxation and stress alleviation. Aromatherapy is also utilized to speed up recovery and healing. Thus, the rising use of aromatherapy in spas and wellness facilities is expected to fuel sales growth through the forecast period.
Aromatherapy Market Regional Insights:
North America is dominating the market with a 43.2% share, due to its established healthcare system and high healthcare spending in developed nations like the U.S. and Canada. Additionally, throughout the forecast period, growing public awareness of the advantages of alternative medicines is expected to facilitate regional sales growth.

The market in Europe is expected to rise as aromatherapy becomes more and more popular as a therapeutic and pharmacological alternative. The main markets for essential oils are in European nations like Germany, the U.K., Belgium, the Netherlands, and Ireland. The market for aromatherapy oils has increased because Europe is one of the top exporters of essential oils and has a high incidence of depression and chronic pain.

Asia Pacific Market is expected to grow at a CAGR of 13.9% through the forecast period. Many of the emerging nations in the region absorb new trends and technologies more quickly than others. The market in the region has experienced significant growth due to lucrative trading opportunities for essential oils in nations like China and Japan as well as an increase in the occurrence of various illnesses.

Due to the rising use of aromatherapy, the availability of cheap raw materials, and growing consumer interest in natural fragrances and related products, the market in the UAE is expected to rise. Companies in the nation should experience significant growth due to novel isolates made from current essential oils with various compositions.

The objective of the report is to present a comprehensive analysis of the global Aromatherapy Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Aromatherapy Market dynamic, structure by analyzing the market segments and projecting the Aromatherapy Market size. Clear representation of competitive analysis of key players by Product type, price, financial position, product portfolio, growth strategies, and regional presence in the Aromatherapy Market make the report investor’s guide.
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Global Aromatherapy Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 5.90 Bn.


Forecast Period 2022 to 2029 CAGR:
6.43%
Market Size in 2029:
US$ 9.71 Bn.


 Segments Covered:
by Product
• Consumables
• Equipment


by Mode of Delivery
• Topical Application
• Aerial Diffusion
• Direct Inhalation


by Application
• Relaxation
• Skin & Hair Care
• Pain Management
• Cold & Cough
• Insomnia
• Scar Management


by Distribution Channel
• DTC
• B2B


by End Use
• Home Use
• Spa & Wellness Centers
• Hospitals & Clinics
• Yoga & Meditation Centers



Aromatherapy Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Aromatherapy Market Key Players
• Air Aroma, (Australia)
• Frontier Co-op (U.S)
• doTERRA (U.S)
• Eden Gardens, (India)
• Frontier Co-op., (U.S)
• Hubmar, (U.S)
• Isagenix Worldwide Inc.(U.S)
• Mountain Rose Herbs, (U.S)
• NuSkin., (U.S)
• FLORIHANA (France)
• PLANT THERAPY ESSENTIAL OILS, (U.S)
• Rocky Mountain Oils LLC. (U.S)
• Stadler Form (Switzerland)
• Young Living Essential Oils, (U.S)

Frequently Asked Questions:

1] What segments are covered in the Global Aromatherapy Market report?
Ans. The segments covered in the Aromatherapy Market report are based on Product, Application, Distribution Channel, Mode of Delivery, End User and Region.

2] Which region is expected to hold the highest share in the Global Aromatherapy Market?
Ans. The North America region is expected to hold the highest share in the Aromatherapy Market.

3] What is the market size of the Global Aromatherapy Market by 2029?
Ans. The market size of the Aromatherapy Market by 2029 is expected to reach US$ 9.71 Bn.

4] What is the forecast period for the Global Aromatherapy Market?
Ans. The forecast period for the Aromatherapy Market is 2022-2029.

5] What was the market size of the Global Aromatherapy Market in 2021?
Ans. The market size of the Aromatherapy Market in 2021 was valued at US$ 5.90 Bn.