According to a new report titled “Aromatherapy Products Market” published by Allied Market Research, the aromatherapy products market was valued at $2.3 billion in 2021 and is estimated to reach $5.3 billion by 2031. It is growing at a CAGR of 9% from 2022. Until 2031.
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Aromatherapy is a technique that uses essential oils (EOs) and other scent molecules from plants to influence a person’s mood and health. It is often associated with complementary and alternative medicine (CAM). French chemist Renรฉ-Maurice Gattefosse first used the term aromatherapy in the 1920s.
Increasing popularity of the therapy and increasing awareness of the benefits of aromatherapy products such as anti-inflammatory, analgesic, antioxidant, immunomodulatory, antibacterial, antiseptic, herbicidal, insecticidal, and antiparasitic properties but may supplement the growth of aromatherapy products. market during the forecast period. Additionally, aromatherapy massage, body oils, and facial oils can be used for various treatments such as anxiety, depression, stress, headaches, migraines, chronic pain, acute pain, muscle pain, joint pain, inflammation, rheumatoid arthritis, etc. You can also.
The outbreak of coronavirus disease (COVID-19) had a positive impact on the overall aromatherapy products market growth in 2020. This is due to increased customer interest in adopting aromatherapy to protect mental health and combat the pandemic situation.
The aromatherapy products market is segmented into form, product, application, distribution channel, and region. Based on format, the market is segmented into holistic, medical, and other. Each product is divided into essential oils and blended oils. Based on application, the market is segmented into relaxation and sleep, pain management, skin and hair care, etc. By distribution channel, it is categorized into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, etc. Based on region, North America (US, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia, Rest of Asia Pacific), LAMEA (Brazil, South Africa, Turkey, UAE, and Rest of LAMEA).
Based on the format, the aromatherapy products market trends are estimated to reach $1,499.6 million by 2031, with a CAGR of 11.1% during the forecast period. Aromatherapy is an alternative or integrative medicine that works in conjunction with conventional medical treatments. Aromatherapy uses medically effective aromatic essential oils to enhance physical, mental, and spiritual well-being. Improves mental and emotional well-being. Therefore, the growing preference of people towards natural ingredient-based medicinal treatments and rising awareness about the benefits of aromatherapy is likely to drive growth throughout the forecast period for the aromatherapy products market.
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https://www.alliedmarketresearch.com/checkout-final/f1fb723ba0aeda3ae7ea6b0bbdb8c430
Aromatherapy products market analysis by product shows that the essential oil segment contributed significantly to the market at $1,598.7 million in 2021 and is expected to grow at a CAGR of 8.7% during the forecast period. Many types of essential oils are used in aromatherapy, including orange, eucalyptus, cornmint, peppermint, citronella, lemon, lime, clove, and spearmint. Since essential oils are a major and important component of the aromatherapy product industry, they are also referred to as essential oil treatments. Increasing use of essentail oil in hennaas, aromatherapy massages and treatments is likely to contribute to the growth of the aromatherapy products market during the forecast period.
According to the application, the pain management segment is estimated to reach $1,539.6 million by 2031, growing at a CAGR of 9.6% during the forecast period. With oral painkillers ineffective, patients are turning to alternative treatments such as aromatherapy items. Many people rely on painkillers, which often have negative side effects and may not be effective. Additionally, one of the factors driving demand for aromatherapy products is the lack of preference for surgery for pain management.
According to distribution channels, the e-commerce segment contributed significantly to the market with sales of $86.7 million in 2020, growing at a CAGR of 12.4% during the forecast period. Easy access through online sales channels facilitates adoption in the aromatherapy products market. E-commerce has become a very popular medium for purchasing aromatherapy products. Contribute to online sales growth with easy access to information such as product specifications, time-saving features, and courier convenience.
According to the Aromatherapy Products market opportunity, regionally, Asia-Pacific gained a significant Aromatherapy Products market share in 2020 and is expected to maintain its market share during the forecast period. This is primarily due to increases in disposable income, which is driving spending on health and welfare. In addition to this, national health spending is also increasing, which is boosting regional areas.
Companies operating in the global aromatherapy products industry are adopting various development strategies to expand their market share, increase profitability and remain competitive in the market.
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doTERRA, Eden’s Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, Florihana, Biolandes, Falcon Essential Oils, Stadler Foam, Hubmar International, Sparoom, Mountain Rose Herbs, Air Aroma, Nu Skin, H. Reynault & fiss.
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โข Aromatherapy products market size was valued at $2,345.1 million in 2020 and is estimated to reach $5,328.3 million by 2030, registering a CAGR of 9.0% from 2022 to 2031. To do.
โข By format, the medical sector accounted for $542.6 million, capturing 23.1% of the global market share in 2021.
โข By product, the blended oil segment captured $746.4 million, representing 31.8% of the global market share in 2021.
โข By application, the relaxation and sleep segment was valued at $963.1 million and accounted for 41.1% of the market share in 2021.
โข By distribution channel, the pharmaceutical and specialty stores sector captured $299.4 million, representing 12.8% of the global market share in 2021.
โข United States was the most prominent market in North America in 2021 and is projected to reach $1,759.6 million by 2031, growing at a CAGR of 8.3% during the forecast period.
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There are many possibilities in the aromatherapy products market in the medical field. Currently, the market revenue generated through relaxation and sleep, pain management, skin care and hair care segments is significantly high and is expected to grow significantly during the forecast period. This is primarily due to rising health concerns, increased awareness of treatments, and rising disposable incomes, especially in developing regions.
However, peppermint, lime, and lemon essential oils earned considerable revenue in 2020 and are expected to gain a significant market share during the forecast period. At the moment, orange oil and corn mint oil dominate the essential oil market. Additionally, regulations imposed by the Consumer Product Safety Commission on air fresheners and scented candles, as well as restrictions on the use of essential oils for people with special conditions, are expected to drive the global aromatherapy products market during the forecast period. expected to suppress growth. People with asthma should not use essential oils unless directed by a doctor.
Aromatherapy is frequently used medicinally in France, Germany, the United Kingdom, Austria, and Switzerland, where particularly robust markets exist. Although still rare, the number of qualified medical practitioners in the UK is increasing. Aromatherapy is primarily used for holistic or aesthetic purposes and is sold as a cosmetic product in most other Western European countries.
โก๏ธ๐๐จ๐ฉ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
European aromatherapy products market:
https://www.alliedmarketresearch.com/europe-aromatherapy-products-market-A19164
Japanese aromatherapy product market:
https://www.alliedmarketresearch.com/japan-aromatherapy-products-market-A19172
China aromatherapy products market:
https://www.alliedmarketresearch.com/china-aromatherapy-products-market-A19171
French aromatherapy products market:
https://www.alliedmarketresearch.com/france-aromatherapy-products-market-A19169
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Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides unparalleled quality of Market Research Reports and Business Intelligence Solutions to global corporations and small businesses. AMR has a focused perspective in providing business insights and consulting to help clients make strategic business decisions and achieve sustainable growth in their respective market areas. Masu.
Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and insights. We have professional corporate relationships with various companies, which helps us generate accurate research data tables and unearth market data that helps in confirming the highest accuracy of market forecasts. All data presented in the reports we publish are extracted through primary interviews with top executives from leading companies in the sector. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with knowledgeable industry experts and analysts.
This release was published on openPR.
