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aromatherapy market

Aromatherapy Market Share, Size, Trends, Industry Analysis Report, By Product, By Mode of Delivery (Tropical Application, Aerial Diffusion, Direct Inhalation), By Application, By Distribution Channel (DTC, B2B) By End-Use, By Region; Segment Forecast, 2022 - 2030

  • Published Date: Mar 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2348
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global aromatherapy market was valued at USD 1.70 billion in 2021 and is expected to grow at a CAGR of 10.9% during the forecast period. A rising number of patients dealing with arthritis choose aromatherapy medication to alleviate the effects of the disease, which is likely to fuel the demand for aromatherapy over the forecast period.

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Aromatherapy is the use of plant oils for medicinal reasons. Aromatherapy has been practiced for millennia. The aroma particles transfer straight from the olfactory receptors to the body whenever plant oils are breathed, focusing on the amygdala.

The outbreak of the COVID-19 pandemic is expected to influence the global market over the forecast period positively. Increasing depression, anxiety, and stress due to increased virus transmission and staying-at-home policies are expected to boost the market demand for aromatherapy over the coming years.

Industry Dynamics

Growth Drivers
Aromatherapy's capacity to produce chemicals including oxytocin, endorphins, and relaxation is widely used for stress reduction and treating anxiety and sleeplessness. Consequently, the widespread accessibility of aromatherapy products, along with recommendations from wellness specialists, is anticipated to increase the market demand for aromatherapy products over the forecast period. Furthermore, growing technical developments and automation in manufacturing procedures, as well as increasing industry R&D efforts, would generate lucrative opportunities for aromatherapy market growth.

Report Segmentation

The market is primarily segmented based on product, mode of delivery, application, distribution channel, end-use, and region.

By Product

By Mode of Delivery

By Application

By Distribution Channel

By End-Use

By Region

  • Consumables
    • Essential Oils
      • Singles
        • Herbaceous
        • Woody
        • Spicy
        • Floral
        • Citrus
        • Earthy
        • Camphoraceous
        • Others
      • Blends
    • Carrier Oils
  • Equipment
    • Ultrasonic
    • Nebulizing
    • Evaporative
    • Heat
  • Topical Application
  • Aerial Diffusion
  • Direct Inhalation
  • Relaxation
  • Skin & Hair Care
  • Pain Management
  • Cold & Cough
  • Insomnia
  • Scar Management
  • Others
  • DTC
    • Retail
    • E-commerce
  • B2B
  • Home Use
  • Spa & Wellness Centers
  • Hospitals & Clinics
  • Yoga & Meditation Centers
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Application

Relaxation application segment is expected to dominate the global market over the projected period due to the increasing shift of preference for natural therapies for treating depression, stress, and anxiety in case of using toxic medications.

Insights by Mode of Delivery

Topical application segment is anticipated to grow at a considerable pace over the forecast period due to its benefits, such as it allows users to target specific areas along with it provides comfort, relaxation, warmth, and stimulating the body. Furthermore, it keeps the skin look healthy and wrinkle-free.

The areal diffuser segment is expected to grow considerably over the forecast period as it purifies and disinfects air against pathogens and viruses. Furthermore, benefits include concentrating on a positive healing atmosphere and spreading sweet fragrance in the environment.

Insight by Distribution Channel

DTC segment is expected to hold the major shares in the global aromatherapy market over the forecast period. The E-commerce segment is expected to attract existing and new customers due to several benefits offered by them, including the availability of wide ranges of products, ease of buying, and attractive offers.

Retail segment is expected to grow at a considerable pace over the forecast period as testing plays a vital role while purchasing these products. Furthermore, several oils which are prescribed by doctors are only available in particular retail outlets; this, in turn, is expected to drive customers towards retail stores, thus, boosting the segment growth.

Geographic Overview

North America dominated the global aromatherapy market in 2021 and is expected to maintain its dominance over the forecast period due to increased disposable income, increasing customer desire for natural goods, rising frequency of lifestyle conditions, and increased incidence of skin problems. Furthermore, the increase in R&D initiatives and the increased frequency of chronic illnesses are anticipated to support the trend further.

Asia Pacific and Europe are expected to grow at a considerable pace over the forecast period due to increasing demand for natural products. Additionally, increasing disposable income coupled with expanding health and wellness industry across these regions is expected to create lucrative opportunities for market growth.

Competitive Insight

Major players operating in the global aromatherapy market include Air Aroma, Biolandes, doTERRA, Edens Garden, Falcon, FLORIHANA, G. Baldwin & Co., Hubmar International, Mountain Rose Herbs, North American Herb and Spice, Nu Skin, Ouwave Aroma Tech (Shenzhen) CO. Ltd, Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, Ryohin Keikaku Co., Ltd, SpaRoom, Stadler Form Aktiengesellschaft, Starwest Botanicals, and Young Living Essential Oils.

These players are investing in research & development to introduce novel products and are adopting marketing techniques such as product launches, mergers & acquisitions, collaboration & partnerships, and several others in order to compete in the environment and to increase their customer base. For instance, in December 2019, Young Living, the globe's biggest essential oil manufacturer, has established a new relationship with the Golden Einkorn Farm in Sault, France's Provence area.

Aromatherapy Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 1.70 Billion

Revenue forecast in 2030

USD 4.14 Billion

CAGR

10.9% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Product, By Mode of Delivery, By Application, By Distribution Channel, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

Air Aroma, Biolandes, doTERRA, Edens Garden, Falcon, FLORIHANA, G. Baldwin & Co., Hubmar International, Mountain Rose Herbs, North American Herb and Spice, Nu Skin, Ouwave Aroma Tech (shenzhen) CO. Ltd,, Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, Ryohin Keikaku Co., Ltd, SpaRoom, Stadler Form Aktiengesellschaft, Starwest Botanicals, and Young Living Essential Oils.

Key Take-Away
Polaris Market Research
Aromatherapy Market Size Global Report, 2022 - 2030