NEW YORK, United States, June 06, 2024 (GLOBE NEWSWIRE) — The global aromatherapy market size is expected to reach USD 18.5 billion by 2033 from USD 7.5 billion in 2023, growing at a compound annual growth rate (CAGR) of 9.45% during the forecast period.
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Aromatherapy is the practice of using essential oils for therapeutic benefits for centuries. The National Holistic Aromatherapy Association (NAHA) defines aromatherapy as “the therapeutic application or medical use of aromatic substances (essential oils) for holistic healing.” Aromatherapy is typically used by inhalation or topical application to enhance physical, emotional, and mental well-being. It is a complementary therapy that does not treat illnesses, rashes, or diseases, but can support conventional treatments for a variety of conditions. Different essential oils have been found to have varying degrees of antibacterial activity and are believed to have antiviral, nematicidal, antifungal, insecticidal, and antioxidant properties that help treat various skin and hair disorders. The use of lavender has significantly reduced fatigue and anxiety in hemodialysis patients. Inhalation of low concentrations of lavender oil reduces pain and enhances sedation in infants injected with pentavalent vaccines. Continuous technological advancements and innovations in aromatherapy are driving the market. Demographic changes such as urbanization, consumer preferences towards home décor, and regulatory support are driving the global aromatherapy market. Additionally, environmental concerns and availability of economically effective aromatherapy solutions are also driving the market growth. However, limited access to raw materials such as essential oils and stringent regulations on essential oil production are restraining the global aromatherapy market.
Browse 234 pages of key industry insights and 120 market data tables, charts and graphsGlobal Aromatherapy Market Size, share, COVID-19 impact analysis, By Product (Consumables and Equipment), By Administration Method (Airborne Dispersion, Topical Application, Direct Inhalation), By End Use (Household, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers), By Application (Relaxation, Skin Care & Hair Care, Pain Management, Cold & Cough, Insomnia, Others), By Sales Channel (E-commerce and Offline Stores), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), Analysis and Forecast, 2023-2033.
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The consumables segment will dominate the market with the largest revenue share throughout the forecast period.
Based on product, the global aromatherapy market is bifurcated into consumables and equipment. Of these, the consumables segment dominates the market with the largest revenue share throughout the forecast period. Consumable aromatherapy items such as roll-ons, diffuser blends, and essential oil mixtures are gaining popularity. The ease of everyday use and portability of these products are driving the market growth of aromatherapy.
The topical application segment is expected to account for the largest market share throughout the forecast period.
Based on the method of administration, the global aromatherapy market is categorized into airborne diffusion, topical application, and direct inhalation. Of these, the topical application segment is expected to account for the largest market share throughout the forecast period. In aromatherapy, essential oils may be used to treat conditions affecting the skin and hair, such as acne, or to even out skin tone. Bath additives, skin care products, and massage oils are absorbed through the skin, enhancing absorption and improving circulation, resulting in physical wellbeing.
- In 2023, the global aromatherapy market was led by the spa and wellness segment.
Based on end use, the global aromatherapy market is categorized into home use, spa & wellness centers, hospitals & clinics, and yoga & meditation centers. Of these, the spa & wellness segment dominated the global aromatherapy market in 2023. Aromatherapy is widely adopted in wellness centers and spas that promote physical and emotional wellness and reduce stress-related issues. The growing need for health and wellness among people is driving the market demand for spa and wellness.
- The relaxation segment dominated the market, accounting for the largest revenue share in the global aromatherapy market in 2023.
Based on application, the global aromatherapy market is segmented into relaxation, skin care and hair care, pain management, cold and cough, insomnia, and others. Of these, the relaxation segment dominated the market, accounting for the largest revenue share in the global aromatherapy market in 2023. Aromatherapy is a natural stress relief therapy that helps balance hyperactive mental states and regulate stress. Frequent use of lavender can help relieve stress and anxiety. The increase in stress-related issues is driving the market demand for aromatherapy.
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During the forecast period, North America will dominate the market with the largest market share.
North America dominates the market, accounting for the largest market share during the forecast period. The rise in stress-related issues such as anxiety and depression also contributes to propel the market. Nearly 50% of the total population in the United States suffers from stress on a daily basis. In this region, the growing trend for home aromatherapy is driven by the growing consumer preference for the use of natural products and the increasing occurrence of lifestyle-related disorders, which is driving the market demand for aromatherapy. Furthermore, the increasing demand for spas and wellness centers is driving the rise in the use of aroma oil diffusers such as candles and ceramic diffusers.
The European region is expected to grow at the fastest rate during the forecast period. Germany accounts for the largest market share in the European region. High frequency of chronic pain and depression, and growing preference for natural cosmetics and personal care products are projected to drive the market demand. The high prevalence of chronic pain and depression in the region is significantly driving the market demand for aromatherapy. Moreover, growing awareness and preference for the therapeutic benefits associated with essential oils is positively impacting the market growth in this region.
Competitive Analysis:
The report provides a proper analysis of the key organizations/companies involved in the global market and a comparative assessment based mainly on product offerings, business overview, geographical presence, corporate strategies, segment market share, and SWOT analysis. The report also provides a detailed analysis focusing on the current news and developments of the companies, including product development, innovations, joint ventures, partnerships, mergers and acquisitions, and strategic alliances, which allows to evaluate the overall competition within the market. The key vendors in the global aromatherapy market are DoTERRA International LLC, Young Living Essential Oils LLC, Nu Skin Enterprises Inc., Edens Garden, Nu Skin, Air Aroma, Muji, Procter & Gamble, Rocky Mountain Oils, LLC, Plant Therapy, Reckitt Benckiser Group PLC, Ryohin Keikaku Co., Ltd., Young Living Essential Oils, LC, Mountain Rose Herbs and other key vendors.
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Recent developments
- January 2024, Febreze is declaring 2024 the year of connection with the launch of its third annual scent, “Romance & Desire.”
Market Segments
The study forecasts revenue at global, regional and country levels from 2020 to 2033. Spherical Insights segments the global aromatherapy market based on the following segments:
Global Aromatherapy Market, Product Analysis
Global Aromatherapy Market, Analysis of Delivery Methods
- Airborne diffusion
- Topical application
- Direct inhalation
Global Aromatherapy Market, End Use Analysis
- household use
- Spa & Wellness Centre
- Hospitals and Clinics
- Yoga & Meditation Center
Global Automotive Hypervisor Market, Regional Analysis
North America
- Europe
- Germany
- England
- France
- Italy
- Spain
- Russia
- Other Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- south america
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- Qatar
- South Africa
- Other Middle East and Africa
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