Aromatherapy Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Aromatherapy Market: By Product (Consumable (Essential Oils) and Equipment), By Mode of Delivery (Aerial Diffusion, Topical Application andDirect Inhalation), By Distribution Channel (DTC and B2B), By Application (Skin and Hair Care, Pain Management, Relaxation, Scar Management, Insomnia, Cough & Cold, Others), By End User (Aromatherapy Centres, Spa and Wellness Center, Home Use and Others) and Geography

 

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Report

Description

Aromatherapy Market Size was valued at USD 783.6 million in 2021 and is expected to grow at a CAGR of 9.5% from 2022-2028. Aromatherapy is regarded as an alternative medical treatment that aids in the recovery from a variety of illnesses, including pain, cardiovascular, respiratory, skin, digestional, immune system, sleeplessness, anxiety, and wound-related issues. Women typically worry more about acne scars, and those who experience acne-related issues frequently choose therapeutic-grade essential oils. Numerous health experts choose single and blended oils that are crucial for treating stress, insomnia, anxiety, discomfort, agitation, stress, etc. These specialists include spa therapists, massage therapists, and fitness therapists. People are looking for little or no adverse effects because essential oils have medicinal effects. These procedures can also be carried out without the need for pharmacological therapy. Therefore, a major factor anticipated to contribute to the growth of the Aromatherapy Market over the forecast years is the rising trend of aromatherapy among medical professionals for relaxation purposes. Female customers aged 0–14 only used Lavanda and Tea Tree oils, and 43% of them used these two essential oils on the breast/chest and back, according to a survey that was published in a journal in NCBI (National Center for Biotechnology Information) on August 15, 2022. The market for aromatherapy is expanding significantly as a result of rising disposable income. For instance, The personal disposable income of Americans has increased, according to the U.S. Bureau of Labor Statistics (BLS). By 2026, it is projected to reach $24,174.5 billion, up from $11,394 billion in 2006 and $15,928.7 billion in 2016. The yearly growth rate (household disposable income) in Canada went from 2.05% in 2009 to 3.47% in 2017, according to the Organization for Economic Co-operation and Development (OECD). The demand for diffusers and essential oils is therefore anticipated to increase in the upcoming years as household disposable income increases.

Critical Developments in Aromatherapy Market:

In August 2020, In order to make passengers feel more comfortable and at ease during flights, essential oil, a company that makes ethereal oil-infused hand sanitizer, recently established a partnership with Alaska Airlines.

In October 2022, International Flavors & Fragrances Inc. has opened a new innovation centre in Singapore. This centre is the first in the company’s global network of research, creative, and application centres to bring together the technologies, competencies, and know-how of all four business divisions: Nourish, Health & Biosciences, Scent, and Pharma Solutions. With a floor area of more than 11,000 square metres, it is the largest IFF facility in the area.

In April 2022, Phoenix Flavors & Fragrances, a supplier of personal care and diverse fragrance-based goods, has finished the acquisition of Innovative Fragrances. Innovative Fragrances is a firm that produces essential oils and aroma chemicals. Innovative Fragrances joining Phoenix expands the platform’s geographic reach in the Southeast United States and strengthens the technological, legal, and perfumery solutions Phoenix Flavors and Fragrances provides to customers.

Aromatherapy Market

MARKET SUMMARY
-
9.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 9.5%
  • Largest Market– North America
  • Fastest Growing Market–  Asia Pacific

Aromatherapy Market

  • This report gives a comprehensive outlook on aromatherapy market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
  • The aromatherapy market report gives historical, current, and future market sizes (US$ Mn) on the basis of product, mode of delivery, distribution channel, application, end user and geography.
Key Players
  • Van Aroma
  • Indesso
  • Utama Spice
  • Nusaroma
  • Frase Candles and Essences
Aromatherapy Market Dynamics

Essential oils can be used in aromatherapy for both therapeutic and cosmetic objectives. Essential oils are utilised extensively in the aromatherapy industry since they are good for the body, mind, and health. Aromatherapy Market was once seen as a supplemental therapy, but it is now regarded as a mainstream form of treatment. The rise in income over the previous ten years can be used to explain the rising demand for the aromatherapy market. Consumer interests and tastes have changed into more complex products as money has grown. According to the International Spa Association (ISPA), spa visits have been growing year on year. According to the US Spa Industry Study, the spa industry has seen an increase across the board in key performance metrics. The spa industry also set records for total revenue, spa visits, spa facilities, income per visit, and total staff for 2018. The spa industry by the end of 2020 recorded a $7 billion dollars drop in total revenue. The decrease between 2020 and 2019 was about 36,4% since from 19.1 billion dollars at year’s end in 2019 dropped to $12.1 billion dollars in 2020


Asia Pacific Got Significant Share

Aromatherapy Market

Asia Pacific is anticipated to account for the larger volume share of 36.3% in the global aromatherapy market. The growth results from many of the emerging nations in the region absorb new trends and technologies more quickly than others. The market in the region has experienced rapid expansion due to lucrative trading opportunities for essential oils in nations like China and Japan as well as an increase in the occurrence of various illnesses. The East Asia aromatherapy market is anticipated to expand throughout the anticipated time frame. Many nations in the region are quickly adopting modern trends and technologies. The Asia Pacific aromatherapy market is anticipated to grow as a result of lucrative trade opportunities for essential oils in nations like China and Japan as well as an increase in the prevalence of various ailments. North America held CAGR of 9.1% since wealthy nations like the U.S. and Canada have built healthcare systems and spend a lot of money on it. Additionally, throughout the course of the forecast period, growing public awareness of the advantages of alternative medicines is anticipated to support regional market expansion.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Aromatherapy Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Increasing demand for aromatherapy, a rising trend in the aromatherapy market among wellness professionals, rising awareness about the therapeutic uses of essential oils, growing preference for natural products, and rising awareness about the advantages of alternative therapies are some key drivers fueling the market growth.

Use of essential oils as functional fragrances and a rising trend of customizable aromatherapy are some key trends in the market.

Equipment segment is the fastest-growing segment with a CAGR of 10.5%.

Factors like a strong distribution network and growing preference for natural products are the key opportunities for the growth of the global aromatherapy market.


Report

Company Profile

  • Van Aroma
  • Aroma Atsiri Indonesia
  • Indesso
  • Rasayana Wangi
  • Young Living Essential Oils
  • Utama Spice
  • Nusaroma
  • Organic Supply Co.
  • Frase Candles and Essences
  • Kultura Filipino
  • Islas Aromatics
  • Lemongrass House Philippines
  • AURAE NATURA ESSENTIAL OILS, INC.
  • Aromacology Sensi
  • The Candleroom Co.
  • dōTERRA
  • Others

Description

Aromatherapy Market Size was valued at USD 783.6 million in 2021 and is expected to grow at a CAGR of 9.5% from 2022-2028. Aromatherapy is regarded as an alternative medical treatment that aids in the recovery from a variety of illnesses, including pain, cardiovascular, respiratory, skin, digestional, immune system, sleeplessness, anxiety, and wound-related issues. Women typically worry more about acne scars, and those who experience acne-related issues frequently choose therapeutic-grade essential oils. Numerous health experts choose single and blended oils that are crucial for treating stress, insomnia, anxiety, discomfort, agitation, stress, etc. These specialists include spa therapists, massage therapists, and fitness therapists. People are looking for little or no adverse effects because essential oils have medicinal effects. These procedures can also be carried out without the need for pharmacological therapy. Therefore, a major factor anticipated to contribute to the growth of the Aromatherapy Market over the forecast years is the rising trend of aromatherapy among medical professionals for relaxation purposes. Female customers aged 0–14 only used Lavanda and Tea Tree oils, and 43% of them used these two essential oils on the breast/chest and back, according to a survey that was published in a journal in NCBI (National Center for Biotechnology Information) on August 15, 2022. The market for aromatherapy is expanding significantly as a result of rising disposable income. For instance, The personal disposable income of Americans has increased, according to the U.S. Bureau of Labor Statistics (BLS). By 2026, it is projected to reach $24,174.5 billion, up from $11,394 billion in 2006 and $15,928.7 billion in 2016. The yearly growth rate (household disposable income) in Canada went from 2.05% in 2009 to 3.47% in 2017, according to the Organization for Economic Co-operation and Development (OECD). The demand for diffusers and essential oils is therefore anticipated to increase in the upcoming years as household disposable income increases.

Critical Developments in Aromatherapy Market:

In August 2020, In order to make passengers feel more comfortable and at ease during flights, essential oil, a company that makes ethereal oil-infused hand sanitizer, recently established a partnership with Alaska Airlines.

In October 2022, International Flavors & Fragrances Inc. has opened a new innovation centre in Singapore. This centre is the first in the company’s global network of research, creative, and application centres to bring together the technologies, competencies, and know-how of all four business divisions: Nourish, Health & Biosciences, Scent, and Pharma Solutions. With a floor area of more than 11,000 square metres, it is the largest IFF facility in the area.

In April 2022, Phoenix Flavors & Fragrances, a supplier of personal care and diverse fragrance-based goods, has finished the acquisition of Innovative Fragrances. Innovative Fragrances is a firm that produces essential oils and aroma chemicals. Innovative Fragrances joining Phoenix expands the platform’s geographic reach in the Southeast United States and strengthens the technological, legal, and perfumery solutions Phoenix Flavors and Fragrances provides to customers.

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX