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Aromatherapy Market 2018-2024 With Global Product Type Analysis, Mode of Delivery, Substitute Study and Dominating Players Like Edens Garden, Frontier Natural Products Co-op, Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, Young Living And Others
Aromatherapy Market
Global Aromatherapy Market is expected to reach USD 8,213.1 million by 2024 from USD 4,352.1 million in 2016, growing at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Injectable drug delivery device packaging market has the largest market segment in aromatherapy market.
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The Global Aromatherapy Market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Young Living Essentials dominated the aromatherapy market accounting for the highest market share of 22.5% in 2016, followed by doTERRA and MOUNTAIN ROSE HERBS. Other players in this market include Edens Garden, Frontier Natural Products Co-op, Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, Starwest Botanicals, Hopewell Essential Oils, North American Herb and Spice, among other companies.
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Young Living Essentials:
Established in 1994 and headquartered in Lehi, Utah, U.S., Young Living Essential Oils specializes in producing and providing pure, powerful essential oils. The company has seven business segments—new and seasonal, essential oils & blends, at home, healthy & fit, personal care, diffusers& accessories, and animal care. The essential oils and blends segment focuses on providing products such as essential oil singles, essential oil blends, roll-ons, massage oils, collections, diffusers & tools, accessories, dietary essential oils. Young Living Essential Oils mission is to honor their stewardship to champion nature’s living energy, essential oils, by fostering a community of healing and discovery while inspiring individuals to wellness, purpose, and abundance.
doTERRA:
Founded in 2008 and headquartered in Pleasant Grove, Utah, U.S., doTERRA is involved in manufacturing and distribution of high quality Certified Pure Therapeutic Grade (CPTG) essential oils. The company operates in two segments essential oils and other products. Essential oils segment focuses on providing single oils, proprietary blends, dōterra on guard products, deep blue products, digestzen products. doTERRA mission is of sharing therapeutic-grade essential oils with the world.
The company has its footprint worldwide with its locations in 17 countries across North America, Latin America, Asia Pacific, Eastern Europe, Middle East and Africa.
Recent Developments:
• In June 2016, doTERRA expanded in Canada with two new distribution centres. The expansion will serve as a client base and bring continual growth and opportunities throughout the world.
• In April 2012, doTERRA expanded itself in Japan. This expansion would act as a growth driver as Taiwan acts as a prime location with highly accessible, executive offices and vibrant product stores.
MOUNTAIN ROSE HERBS:
Founded in 1987 and headquartered in Eugene, Oregon, U.S., MOUNTAIN ROSE HERBS is involved in the manufacture and sales of organic herbs & spices, organic body care products, organic teas, natural health. MOUNTAIN ROSE HERBS operates on following business areas as herbs and spices, teas, aromatherapy, ingredients, health, bath and body, containers, home goods, specials. Aromatherapy segment offers products such as aroma oil blends, aroma sprays, candles, diffusers and burners, essential oils, hydrosols, kits and samples.
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Global Aromatherapy Market Segmentation:
Global Aromatherapy Market By Consumables {Essential Oils (Floral, Citrus, Herbaceous, Spicy, Woodsy, Earthy, Camphorous), Carrier Oils, Blended Oils}, Equipment (Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, Heat Diffuser), Mode of Delivery (Topical Application, Direct Inhalation, Aerial Diffusion, Internal), Application (Relaxation, Insomnia, Pain Management, Scar Management, Skin and Hair Care, Cold and Cough), Distribution Channel (Retailers and wholesalers, Online), End-User (Home care, Spa & Wellness Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Global Aromatherapy Market Drivers:
Some of the major factors driving the market for aromatherapy market, such as growing usage of essential oils, growing adoption of essential oils for home usage, growing disposable income are fuelling the growth of this market.
Growing Trend of Essential Oils Adoption
The essential oils are the plant extracts that are used in countless applications such as cleaning, personal care products, pest control products, over the counter medications among others. The essential oils apart from evoking thoughts have various advantages like relaxation, rejuvenation, healing, and other advantages. Apart from their usage for the betterment of health, effective treatment of a wide range of common health issues such as nausea and migraines. They are also used in the food industry due to its various characteristics like preservative potency against food borne pathogens, antimicrobial, antibacterial, and antifungal properties. The usage of aromatherapy as a complementary care is growing owing to characteristics which include promoting healing of the patients and coping with some of the side effects of the cancer.
Increasing Sales of Essential Oils for Home Usage
The consumers around the world are shifting towards herbal products for treatment of skin diseases as compared to the synthetic drugs and medicine. The essential oils have advantages such as it is purely natural and does not have side effects when taken under proper guidance. The demand from the consumer perspective for the essential oils is increasing. The people are shifting and looking for ways to use essential oils for relaxation purposes, as people do not want to use pills and over the counter medicine. A research from Iowa-based personal care manufacturer Aura Cacia states that the sales of the essential oils increased by 90% between 2009 and 2012. During the same period, the share of essential oils products for household doubled from 6% to 12%. The demand of essential oils for natural and holistic alternatives for household products, personal care among others is contributing to the growth of the essential oils.
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Table of Contents:
1. INTRODUCTION
1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL AROMATHERAPY MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED
2. MARKET SEGMENTATION
2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCE
2.8. ASSUMPTIONS
3. MARKET OVERVIEW
3.1. DRIVERS
3.2. RESTRAINTS
3.2.1. STRINGENT APPROVAL FOR NEW ESSENTIAL OILS
3.3. OPPORTUNITIES
3.4. CHALLENGES
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL AROMATHERAPY MARKET, BY CONSUMABLES
6.1. OVERVIEW
6.2. ESSENTIAL OILS
6.3. CARRIER OILS
6.4. BLENDED OILS
7. GLOBAL AROMATHERAPY MARKET, BY EQUIPMENT
7.1. OVERVIEW
7.2. NEBULIZING DIFFUSER
7.3. ULTRASONIC DIFFUSER
7.4. EVAPORATIVE DIFFUSER
7.5. HEAT DIFFUSER
8. GLOBAL AROMATHERAPY MARKET, BY MODE OF DELIVERY
8.1. OVERVIEW
8.2. TOPICAL APPLICATION
8.3. DIRECT INHALATION
8.4. AERIAL DIFFUSION
8.5. INTERNAL
9. GLOBAL AROMATHERAPY MARKET, BY APPLICATION
9.1. OVERVIEW
9.2. RELAXATION
9.3. INSOMNIA
9.4. PAIN MANAGEMENT
9.5. SCAR MANAGEMENT
9.6. SKIN AND HAIR CARE
9.7. COLD AND COUGH
10. GLOBAL AROMATHERAPY MARKET, BY DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. RETAILERS AND WHOLESALERS
10.3. ONLINE
10.4. OTHERS
11. GLOBAL AROMATHERAPY MARKET, BY END USER
11.1. OVERVIEW
11.2. GLOBAL AROMATHERAPY MARKET: HOME CARE
11.3. GLOBAL AROMATHERAPY MARKET: SPA & WELLNESS CENTERS
11.4. GLOBAL AROMATHERAPY MARKET: OTHERS
12. GLOBAL AROMATHERAPY MARKET, BY GEOGRAPHY
12.1. OVERVIEW
12.2. NORTH AMERICA
12.3. EUROPE AROMATHERAPY MARKET
12.4. APAC AROMATHERAPY MARKET
12.5. SOUTH AMERICA AROMATHERAPY MARKET
12.6. MIDDLE EAST AND AFRICA AROMATHERAPY MARKET
13. GLOBAL AROMATHERAPY MARKET, COMPANY LANDSCAPE
13.1. COMPANY SHARE ANALYSIS: GLOBAL
14. COMPANY PROFILES
14.1. DOTERRA
14.2. YOUNG LIVING ESSENTIAL OILS
14.3. MOUNTAIN ROSE HERBS
14.4. EDENS GARDEN
14.5. FRONTIER NATURAL PRODUCTS CO-OP
14.6. ROCKY MOUNTAIN OILS,LLC
14.7. PLANT THERAPY ESSENTIALS OILS
14.8. STARWEST BOTANICALS
14.9. HOPEWELL ESSENTIALS OILS
14.10. NORTH AMERICAN HERBS AND SPICE
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