Aromatherapy Market to Surpass US$ 8,763.3 Million by 2027 - Coherent Market Insights

Global Aromatherapy Market, By Product Type (Consumables (Essential Oils (Floral, Citrus, Herbaceous, Spicy, Woodsy, Earthy, Camphorous, Others), Blended Oils, and Carrier Oils)) and Equipment (Diffusers) (Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, and Heat Diffuser), By Mode of Delivery (Topical Application, Direct Inhalation, and Aerial Diffusion), By Application (Relaxation, Insomnia, Pain Management, Scar Management, Skin & Hair Care, Cold & Cough, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 5,054.9 million in 2020 and is expected to exhibit a CAGR of 8.2% over the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.

The increasing launches of new aromatherapy products is expected to drive the market growth during the forecast period. For instance, in August 2018, YGYI, Inc. launched three new essential oil blends (Copaiba Plus, Big Smile, and Bounce Back) that deliver exclusive aromatherapy support to specific areas of wellness, at the 2018 Convention in San Diego, California, U.S.

In February 2019, MONQ, LLC launched FOCUS, a scientifically proven breathable, organic nootropic. In January 2018, Rocky Mountain Oils LLC launched Ava Shield, a new line of all-natural personal and home care products without containing any harsh chemicals. It is developed from pure essential oil blend.

Global Aromatherapy Market – Impact of Coronavirus (Covid-19) Pandemic

Aromatherapy is an alternative medicine therapy used to treat many disorders. This medical application includes pain management, skin-related problems, cardiovascular disorders, digestion problems, cold and cough, respiratory disorders, immune system functioning, anxiety, insomnia, and wound healing.

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 viral membranes 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 34 Market Data Tables and 37 Figures spread through 181 Pages and in-depth TOC on “Aromatherapy Market”- Global Forecast to 2027, By Product Type(Consumables (Essential Oils (Floral, Citrus, Herbaceous, Spicy, Woodsy, Earthy, Camphorous, Others), Blended Oils, and Carrier Oils)) and Equipment (Diffusers) (Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, Heat Diffuser), By Mode of Delivery (Topical Application, Direct Inhalation, and Aerial Diffusion), By Application (Relaxation, Insomnia, Pain Management, Scar Management, Skin & Hair Care, Cold & Cough, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),

To know the latest trends and insights prevalent in the Global Aromatherapy Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/aromatherapy-market-2517

Key players operating in the market are focusing on novel product launch, in order to expand their product portfolio in the global market which is expected to drive the market growth during the forecast period. For instance, in 2016, Basilica Botanica has launched the Premium Essential Oils for Aromatherapy to maintain the balance of the body.  

Key Takeaways of the Global Aromatherapy Market:

• The global aromatherapy market is expected to exhibit a CAGR of 8.2% over the forecast period, owing to increasing incidences of chronic diseases such as cancer is expected to drive the market growth over the forecast period. According to the European Commission reports in 2019, the estimated number of new cancer cases in 28 European countries was 1.6 million in males and 1.4 million in females.
• Among product type, Consumables segment is accounted for largest market share in 2020, owing to increasing R&D in essential oils. For instance, in August 2020, researchers from Albany College of Pharmacy and Health Sciences, U.S., reported that carvacrol-rich thymus vulgaris essential oil can be effective in the prevention and management of fungal infections and topical inflammation.
• Key players operating in the global aromatherapy market include doTERRA, Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Frontier Natural Products Co-op. (Aura Cacia), Rocky Mountain Oils, Plant Therapy Essential Oils, YGYI, Inc., and MONQ, LLC.