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Aromatherapy Market Trends, Segment Analysis, Growth Drivers and Forecast to 2025
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The market for aromatherapy in topical application is expected to witness fastest growth at a CAGR of 9.8% during the forecast period, as essential oils can be diluted in a cream or carrier oil and applied as required to the concerned area of the body.
The global market is projected to witness the fastest growth in the relaxation application area, recording a CAGR of 10.8% during the forecast period, mainly due to the increasing number of people suffering from anxiety and stress.
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In order to increase the market share, key players in the aromatherapy industry are developing and introducing new products. For instance, in April 2018, Plant Therapy Essential Oils launched an exclusive and limited edition of Mother’s Day set, Dear Mom set. This set includes various products that complete the need of mothers, for relaxing and unwinding. Additionally, it includes Forever Mom synergy blend to promote relaxation and reduces tensions and worries.
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Some of the other key players operating in the aromatherapy industry are dōTERRA International LLC, Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Rocky Mountain Oils LLC and Frontier Co-op.
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