Report Ocean recently released a research report on the Aromatherapy Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global aromatherapy market size was US$ 1.7 billion in 2021. The global aromatherapy market size is forecast to reach the value of US$ 4.8 billion by 2030, registering a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2022 to 2030.
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Aromatherapy helps relieve pain, respiratory disorders, anxiety, cold and cough, cardiovascular disorders, skin-related problems, cold and cough, digestion problems, etc. It is a healing treatment in which natural oils from plant extracts are used to improve health.
Factors Influencing
- The aromatherapy market is forecast to gain traction, owing to the benefits like skin efficacy, stress relief, sleep improvement, etc.
- Growing cases of respiratory diseases, infectious diseases, and digestion problems are forecast to upsurge the demand for aromatherapies.
- Growing awareness related to the use and benefits of essential oils would benefit the market players during the study period.
- Increasing skin-related issues like acne, itchiness is forecast to raise the demand for aromatherapy.
- The high cost of essential oils may hamper the growth of the global aromatherapy market.
- Market players are forecast to witness diverse demand from the consumers, which would be beneficial for the overall market growth. Moreover, the inclination of youth towards these therapies would benefit the global aromatherapy market during the forecast period.
Geographic Analysis
Regionally, North America holds the largest share in the global aromatherapy market mainly because of high disposable income and growing awareness related to the benefits of aromatherapy. Moreover, increasing cases of chronic diseases, depression and anxiety are forecast to propel regional growth in the global aromatherapy market.
Asia-Pacific is forecast to witness significant growth in the global aromatherapy market, owing to the growing awareness related to the benefits of aromatherapy and essential oils among the regional population. In addition, increasing health-related issues, skin problems, anxiety, and depression cases are forecast to have a positive impact on the global aromatherapy market.
COVID-19 Impact Analysis
Due to the COVID-19 impact, the causes of stress, anxiety, and depression increased significantly. As a result, it is forecast to increase the demand for relief and relaxation therapies. However, the demand for aromatherapies reduced. People all across the world were forced to avoid unnecessary contact. As a result, therapy providers witnessed a sudden drop in the demand for services. The demand for essential oils and self-care increased significantly due to the escalating cases of cough and cold, skin-related issues, and anxiety disorders.
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Competitors in the Market
- Young Living Essential Oils
- Edens Garden
- Mountain Rose Herbs
- Plant Therapy Essential Oils
- Rocky Mountain Oils, LLC
- FLORIHANA
- Falcon
- Biolandes
- Stadler Form Aktiengesellschaft
- Hubmar International
- SpaRoom
- Other prominent players
Market Segmentation
Insight by Product
- Consumables
- Essential Oils
- Carrier Oils
- Equipment
- Blends
- Singles
- Citrus Essential Oils
- Spicy Essential Oils
- Woody Essential Oils
- Herbaceous Essential Oils
- Earthy Essential Oils
- Camphoraceous Essential Oils
- Floral Essential Oils
- Others
Insight by Application
- Relaxation
- Pain Management
- Insomnia
- Skin and Hair Care
- Cold and Cough
- Scar Management
- Others
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Insight by Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Aromatherapy Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Aromatherapy market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Aromatherapy Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Aromatherapy market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Aromatherapy market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Aromatherapy market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Aromatherapy market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Aromatherapy business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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