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Aromatherapy Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, Plant Therapy Essential Oils, Rocky Mountain Oils
Aromatherapy Global Market Report
The Business Research Company's Aromatherapy Global Market Report 2023 identifies the Rising stress, anxiety, and depression among people is driving the growth of the aromatherapy market. The COVID-19 pandemic has caused numerous changes in individual lives, including uncertainty, disrupted daily routines, financial strains, and social isolation, leading to increased tension, worry, and sadness. The individuals are looking out for ayurvedic and chemical free methods such as aromatherapy to reduce, anxiety and depression.
The global aromatherapy market size grew from $1.77 billion in 2022 to $1.93 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The aromatherapy market size is expected to grow to $2.75 billion in 2027 at a CAGR of 9.2%.
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Major players in the aromatherapy market are doTERRA, Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, Florihana, Falcon, Biolandes, Stadler Form Aktiengesellschaft, Hubmar International, SpaRoom, Now foods, Zija international, and Nu skin.
A key trend in the Aromatherapy market includes the Product innovation is a key trend gaining popularity in the aromatherapy market. The companies are focusing on developing innovative equipment and consumables with greater effectiveness to meet the customer demand and strengthen their business reach.
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The Aromatherapy market is segmented -
1) By Product Type: Consumables, Equipment
2) By Delivery Outlook: Topical Application, Aerial Diffusion, Direct Inhalation
3) By Application: Relaxation, Skin & Hair Care, Pain Management, Cold & Cough, Insomnia, Scar Management, Other Applications
4) By End-Use: Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers
5) By Distribution Channel: D2C, B2B
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Aromatherapy market.
The Business Research Company's "Global Aromatherapy Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aromatherapy Market Include:
1. Executive Summary
2. Aromatherapy Market Characteristics
3. Aromatherapy Market Trends And Strategies
4. Aromatherapy Market - Macro Economic Scenario
5. Aromatherapy Market Size And Growth
……
27. Aromatherapy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aromatherapy Market
29. Aromatherapy Market Future Outlook and Potential Analysis
30. Appendix
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