Aromatherapy Market Growth, Forecast and Value Chain 2015-2025
Aromatherapy Market: Drivers and Restraints
The primary factor for the growth of global aromatherapy market is the growing awareness about the herbal products among the individuals. The main factors driving the growth for aromatherapy are increasing geriatric population and a shift in the lifestyle of people in cities. This gives rise to problems such as anxiety, insomnia, stress, headaches etc. These common complaints have fuelled the demand for aromatherapy or herbal medicines. The global aromatherapy market has also witnessed a trend of self-medication as it avoids prescription requirement from any doctor. The restraints for the global aromatherapy market are that some scientific studies have found that aromatherapy only makes you feel better although there is no proof that it makes patient healthy and this type of treatments do not give quick results or rapid healing in major diseases. Some patients also have complained about allergies while taking aromatherapy treatment, so it is recommended to consult with aromatherapist before use of any essential oil for treatment.
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Aromatherapy Market: Segmentation
The global aromatherapy market is classified on the basis of application, product type and geography.
The global aromatherapy market is classified on the basis of application as follows:
The global aromatherapy market is classified on the basis of product type as follows:
Black pepper oil
Tea tree oil
Other oils (Bergamot oil, Citronella oil, Geranium oil, Thyme oil, Yarrow oil)
Aromatherapy Market: Overview
In the past five years aromatherapy witnessed revolutionary demand as it follows self-medication procedure. Aromatherapy is widely used for the treatment of depression in patients owing to scientific studies which found that women facing depression problems were positively affected by the fragrance of oils and provided good cure. With rapid advancement and wide acceptance of aromatherapy treatments among patients, the global aromatherapy market is expected to expand at healthy CAGR during the forecast period.
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Aromatherapy Market: Region-wise outlook
Depending on geographic region, global aromatherapy market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Europe held largest share in the global market of aromatherapy followed by North America, Japan and Asia Pacific owing to high occurrence of several diseases and disorders, great advancement in field of aromatherapy and developed healthcare infrastructure. The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the global aromatherapy market, due to its affordable costs, less side-effects, excellent results and completely organic nature.
Aromatherapy Market: Key Players
Some of the key participating global players in aromatherapy global market are Heritage oils, Native American nutritionals, North American Herb and Spice, Mountain Rose Herbs, Aura Cacia, doTerra, Young living.
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