Global and Regional Aromatherapy Market gaining big growth in the coming years, market worth USD 8,213.1 Million by 2024

The new report “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.

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.

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)

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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.

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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.

Key Points: Global Aromatherapy Market

Young Living is going to dominate the aromatherapy market following with doTERRA, MOUNTAIN ROSE HERBS along with others such as 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.

• Essential Oils market is growing with the highest CAGR.
• Ultrasonic diffuseris holding the major share in global aromatherapy market and is growing with highest CAGR.
• Topical Application is dominating the aromatherapy market and is expected to grow with the highest CAGR in the forecast period.
• The home care market holds the major market share and is expected to grow with the highest CAGR in the forecast period.

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