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Global Aromatherapy Market 2020-2026 is Growing So Rapidly || Leading Players –Young Living Essential Oils, doTERRA, MOUNTAIN ROSE HERBS, Edens Garden, Frontier Co-op, Rocky Mountain Oils, LLC and more
Global Aromatherapy Market
Market Analysis: Global Aromatherapy Market
Global Aromatherapy Market is expected to rise from its initial estimated value of USD 5.09 billion in 2018 to an estimated value of USD 9.57 billion by 2026, registering a CAGR of 8.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing popularity of aromatherapy.
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Competitive Analysis: Global Aromatherapy Market
Global aromatherapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aromatherapy market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Aromatherapy Market
Aromatherapy uses aromatic oils, and other aroma compounds for improving psychological or physical well-being. It is increasingly being used in homes such as relaxation and sleep, mood enhancement, cold and flu relief, and pain relief.
In US There is no certification for aromatherapists. However, there are over 2,000 clinical aromatherapists who prescribe aromatherapy for all kinds of ailments, including acne, fungus, asthma, allergies, and constipation.
Market Drivers
Growing Trend of Essential Oils Adoption, act as market driver.
Increasing Sales of Essential Oils for Home Usage, act as market driver.
Market Restraints
Side effects associated with aromatherapy, this effect as market restraints.
Stringent regulatory environment, this effect as market restraints.
Key Market Competitors: Global Aromatherapy Market
Few of the major competitors currently working in the aromatherapy market are Young Living Essential Oils, doTERRA, MOUNTAIN ROSE HERBS, Edens Garden, Frontier Co-op, Rocky Mountain Oils, LLC, PLANT THERAPY ESSENTIAL OILS (US), Starwest Botanicals (US), Hopewell Essential Oils, North American Herb and Spice (USA), Nu Skin (US), Air Aroma (USA), Ryohin Keikaku Co., Ltd. (Japan), ZIJA INTERNATIONAL. ALL (US), G. Baldwin & Co. (UK), Ouwave Aroma Tech (shenzhen) CO. Ltd (China), Ryohin Keikaku Co., Ltd (Japan), Infocom Network Limited (India), ecoplanet (India), artnaturals (USA) and others.
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Segmentation: Global Aromatherapy Market
By Product Type
Consumables
Herbaceous
Woody
Spicy
Floral
Citrus
Earthy
Camphoraceous
Equipment
Ultrasonic diffuser
Nebulizing diffuser
Evaporative diffuser
Heat diffuser
By Mode of delivery
Topical Application
Direct Inhalation
Aerial Diffusion
By Application
Relaxation
Insomnia
Pain Management
Scar Management
Skin & Hair Care
Cold & Cough
By Distribution Channel
DTC
Retail
E-commerce
B2B
By End User
Home Use
Spa & Wellness Centers
Hospitals & Clinics
Yoga & Meditation Centers
Key Developments in the Market:
In April 2018, Plant Therapy Essential Oils announced that they have 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.
In May 2017, Young Living Essential Oils made non-cash acquisition of Life Matters LLC, a wellness company. Both the companies are based in the direct selling industry and share common goals, culture and mission.
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Reasons to Purchase this Report
Current and future of global aromatherapy market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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