"Global Aromatherapy Market" Growth Opportunities, Top Key Players, Industry Outlook, Trends and Forecasts by 2024

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 major factors driving the growth of this market are increasing sales of essential oils for home usage, growing popularity of aromatherapy and growing trend of essential oils adoption. On the other hand, stringent approval for new essential oils may hinder the growth of the market.

Global Aromatherapy Market Segmentation:

Global Aromatherapy Market By Product Type {Consumables (Essential Oils, Blended Oils, Carrier Oils), Equipment (Nebulizing Diffuser, Ultrasonic 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 (Retail, Online), By End User (Hospitals, Clinics, Beauty Spas), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Global Aromatherapy Market Drivers:

Some of the major factors driving the market for aromatherapy market, such as growing usage of essential oils, growing adoption of essential oils for home usage, growing disposable income are fuelling the growth of this market.

• Growing Trend of Essential Oils Adoption

The essential oils are the plant extracts that are used in countless applications such as cleaning, personal care products, pest control products, over the counter medications among others. The essential oils apart from evoking thoughts have various advantages like relaxation, rejuvenation, healing, and other advantages. Apart from their usage for the betterment of health, effective treatment of a wide range of common health issues such as nausea and migraines. They are also used in the food industry due to its various characteristics like preservative potency against food borne pathogens, antimicrobial, antibacterial, and antifungal properties. The usage of aromatherapy as a complementary care is growing owing to characteristics which include promoting healing of the patients and coping with some of the side effects of the cancer.

• Increasing Sales of Essential Oils for Home Usage

The consumers around the world are shifting towards herbal products for treatment of skin diseases as compared to the synthetic drugs and medicine. The essential oils have advantages such as it is purely natural and does not have side effects when taken under proper guidance. The demand from the consumer perspective for the essential oils is increasing. The people are shifting and looking for ways to use essential oils for relaxation purposes, as people do not want to use pills and over the counter medicine. A research from Iowa-based personal care manufacturer Aura Cacia states that the sales of the essential oils increased by 90% between 2009 and 2012. During the same period, the share of essential oils products for household doubled from 6% to 12%. The demand of essential oils for natural and holistic alternatives for household products, personal care among others is contributing to the growth of the essential oils.

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Global Aromatherapy Market Major Players:

Some of the major players operating in this report are:

• doTERRA,
• Young Living Essential Oils,
• MOUNTAIN ROSE HERBS,
• 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.

Key Points: Global Aromatherapy Market

Young Living is going to dominate the aromatherapy market report 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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