DUBLIN, Jan. 24, 2024 (GLOBE NEWSWIRE) — The “U.S. Aromatherapy Market Size, Share and Trend Analysis Report by Product (Consumables, Devices), Delivery Mode (Topical Application, Aerial Diffusion), Application, Distribution Channel, End Use, Segment Forecast, 2023-2030” report has been released. ResearchAndMarkets.com Recruitment.
The U.S. aromatherapy market size is expected to reach USD 1.3 billion by 2030, growing at a CAGR of 10.0% from 2023 to 2030. The high market growth can be attributed to the various therapeutic benefits of essential oils.
There has been a significant increase in self-medication for pain and common ailments, especially the common cold. Essential oils have the potential to treat these conditions naturally. Numerous side effects of pharmaceutical drugs are encouraging users to switch to natural essential oils. For example, rosemary oil can be inhaled to relieve symptoms of cold, cough, and headaches. It can also be used topically for skin and hair care.
The North American Free Trade Agreement (NAFTA) is taking a major part of the essential oil trade, capitalizing on the growing awareness of aromatherapy in the US and other developed countries. High purchasing power is also a key factor driving the market. However, various adverse factors associated with aromatherapy are expected to restrain the market.
Most of the major companies that make aromatherapy products are located in the U.S. Companies like doTERRA International, Frontier Natural Products Co-op, and Young Living Essential Oils are all based in the U.S. For example, Aura Cacia Roman Chamomile Essential Oil, a single essential oil developed by Frontier Natural Products Co-op, helps with pain management and provides relaxation benefits.
Highlights from the U.S. Aromatherapy Market Report
- In 2022, consumables dominated the market due to the availability of a wide variety of therapeutic grade essential oils.
- The equipment segment is anticipated to exhibit lucrative growth during the forecast period owing to high demand for various diffusers with innovative features.
- Topical application accounted for the largest share of the US aromatherapy market in 2022, owing to its therapeutic benefits such as treating skin and hair problems, relieving acute pain and discomfort, healing cuts and bruises, and improving the respiratory, immune, and nervous systems.
- Commonly used essential oils for stress relief include lavender, geranium, orange, tangerine, ylang-ylang, patchouli, and clary sage.
- Skin allergies can be effectively cured with aromatherapy, leading to significant growth in this field.
- The growth of the e-commerce industry has positively impacted the growth of the market by enabling consumers to purchase products at their convenience.
- The growing use of essential oils to treat insomnia and anxiety is also helping to drive growth in this category.
- Many hospitals and clinics use essential oils to aid in healing after surgery.
- Major players include Rocky Mountain Oil, DoTERRA International, Young Living Essential Oils, Eden’s Garden and Frontier Natural Products Corp.
Company Profile
- DoTERRA International
- Eden’s Garden
- Frontier Natural Products Corp.
- Mountain Rose Herb
- Young Living Essential Oils
- Rocky Mountain Oils LLC
- Plant Therapy Essential Oils
- Florihana
- Biolandes
- Falcon Essential Oil
Key attributes:
| Report Attributes | detail |
| number of pages | 125 |
| Forecast Period | 2022 – 2030 |
| Estimated market value in 2022 (USD) | $626.6 million |
| Market value forecast to 2030 (USD) | $1.3 billion |
| Compound Annual Growth Rate | 10.0% |
| Target area | America |
Key topics:
Chapter 1. Methodology and Scope
Chapter 2 Overview
2.1. Market outlook
2.2. Outlook by segment
2.3. Competitive Insights
3. U.S. Aromatherapy Market Variables, Trends and Scope
3.1. Market System Outlook
3.1.1. Parent market outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Penetration and growth prospects mapping
3.3. Market Trends
3.3.1. Market Driver Analysis
3.3.2. Market restraint analysis
3.4. Microneedle Drug Delivery Systems Market Analysis Tools
3.4.1. Industry Analysis – Porters
PESTEL Analysis
Chapter 4. U.S. Aromatherapy Market: Product Forecast and Trend Analysis
4.1. US Aromatherapy Market: Key Takeaways
4.2. US Aromatherapy Market: Trends and Market Share Analysis, 2022 and 2030
Consumables
4.3.1. Consumables Market Estimates and Forecast, 2018-2030 (USD Million)
4.3.1.1. Essential Oils Market Estimates and Forecast, 2018-2030 (USD Million)
4.3.1.1.1 Singles Market Estimates and Forecast, 2018-2030 (USD Million)
4.3.1.1.2 Blends Market Estimates and Forecast, 2018-2030 (USD Million)
4.3.1.2 Carrier Oils Market Estimates and Forecast, 2018-2030 (USD Million)
4.4. Equipment
4.4.1 Equipment Market Estimates and Forecast from 2018 to 2030 (USD Million)
4.4.1.1 Ultrasonic diffusers
4.4.1.2 Nebulizing diffusers
4.4.1.3 Evaporative diffusers
4.4.1.4 Heat spreaders
Chapter 5. U.S. Aromatherapy Market: Serving Method Estimation and Trend Analysis
5.1. US Aromatherapy Market: Key Takeaways
5.2. US Aromatherapy Market: Trends and Market Share Analysis, 2022 and 2030
5.3. Topical application
5.4. Airborne diffusion
5.5. Direct inhalation
6. U.S. Aromatherapy Market: Application Forecast and Trend Analysis
6.1. US Aromatherapy Market: Key Takeaways
6.2. US Aromatherapy Market: Trends and Market Share Analysis, 2022 and 2030
Relaxation
6.4. Skin and hair care
Pain management
6.6. Colds and coughs
Insomnia
6.8. Scar Management
7. U.S. Aromatherapy Market: Distribution Channel Estimation and Trend Analysis
7.1. US Aromatherapy Market: Key Takeaways
7.2. US Aromatherapy Market: Trends and Market Share Analysis, 2022 and 2030
7.3. Direct to Consumer (D2C)
7.3.1. D2C market estimates and forecasts, 2018-2030 (USD Million)
7.3.2. Retail
7.3.3 Electronic commerce
7.3.4 Business to Business (B2B)
8. U.S. Aromatherapy Market: End-Use Estimates and Trend Analysis
8.1. US Aromatherapy Market: Key Takeaways
8.2. US Aromatherapy Market: Trends and Market Share Analysis, 2022 and 2030
8.3. Home Use
8.4. Spa and Wellness Centres
8.5. Hospitals and Clinics
8.6. Yoga and Meditation Centers
Chapter 9 Competitive Environment
9.1. Recent developments and impact analysis by major market participants
9.2. Classification of Market Participants
Company Profile
9.2.2. Financial performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
For more information on this report, please visit: https://www.researchandmarkets.com/r/23juj5
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