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:
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