Aromatherapy Market to Surpass US$ 8,756.1 Million by 2027 - Coherent Market Insights

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. 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)

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

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.

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.