Aromatherapy Market: Innovations in Product Development and Delivery Methods
The global aromatherapy market is on the rise, projected to grow at a significant rate from 2024 to 2030. This growth is primarily driven by the increasing awareness of the therapeutic benefits of essential oils and a growing preference for natural products. Aromatherapy, as an alternative medicinal approach, offers relief for a wide range of health issues, including pain, cardiovascular problems, respiratory ailments, skin conditions, colds, digestive disorders, immune system imbalances, sleep disorders, anxiety, and wound healing. Women, particularly those concerned about acne scars and related issues, are increasingly turning to therapeutic-grade essential oils.
Consumables within the aromatherapy market encompass both essential oils and carrier oils. Essential oils, further categorized into single oils and blended oils, are extracted from plants through distillation processes involving water or steam. These oils, derived from various plant parts like leaves, petals, stems, roots, or bark, possess natural healing properties that contribute to stress reduction, pain alleviation, and overall well-being. Consequently, essential oils are often regarded as alternative medicines.
Gather more insights about the market drivers, restrains and growth of the Aromatherapy Market
Regional Insights:
North America Aromatherapy Market Trends
North America dominated the market and accounted for a 41.1% share in 2023. The increasing awareness of the therapeutic benefits of essential oils, coupled with a growing emphasis on holistic well-being, has propelled the demand for aromatherapy products. High awareness about the benefits of alternative therapies also aids in the growth of the regional market. North American Free Trade Area (NAFTA) accounts for a significant portion of the essential oils trading. This can also be attributed to growing awareness about aromatherapy in the region.
U.S
The aromatherapy market in the U.S. is expected to witness a CAGR of 7.2% from 2024 to 2030. The U.S. has a diverse and strong manufacturing base across various industries, including aerospace, automotive, healthcare, and consumer goods.
Canada
Canada aromatherapy market held over 16.6% market share in the North America market. Given the high prevalence of insomnia among Canadian adults, the need for aromatherapy to address sleeplessness and enhance sleep quality is anticipated to rise throughout the projected period, thereby driving the aromatherapy market.
Asia Pacific Aromatherapy Market Trends
Asia Pacific has been witnessing a surge in lifestyle-related health issues such as anxiety, depression, insomnia, chronic stress, and mental & behavioral disorders. The World Health Organization, in its June 2023 report, reported that approximately 260 million people living in the Southeast Asia region have mental health conditions. Inadequate investment in mental health services and the health workforce has resulted in treatment gaps, further contributing to the rising number of individuals with mental disorders.
China
China aromatherapy market is estimated to grow at a significant CAGR over the forecast period. The government of China has launched initiatives like the Healthy China 2030 program to enhance public health.
India
The aromatherapy market in India is estimated to grow at a significant CAGR of 11.7% over the forecast period. As the government of India has been investing heavily to promote the construction of new hospitals, the demand for aromatherapy will increase.
Europe Aromatherapy Market Trends
The aromatherapy market in Europe is anticipated to witness significant growth from 2024 to 2030. Healthy living and wellness have been on the rise across Europe. With fast-paced and hectic life schedules, many individuals have realized the need for stress relief and investing to take care of their physical and mental well-being. This has led to an increased awareness and adoption of various health practices, such as meditation, yoga, and aromatherapy
Germany
Germany aromatherapy market is expected to grow significantly at a CAGR of around 25.1%. In recent years, aromatherapy has gained popularity in the German healthcare industry as a natural and non-invasive way to reduce anxiety, stress, and pain.
UK
The aromatherapy market in the UK held over significant share in the European market owing to the rising end-use industries. The UK possesses a strong and diverse manufacturing sector, with significant contributions from industries such as aerospace, automotive, healthcare, and consumer goods.
Central & South America Aromatherapy Market Trends
The aromatherapy market in Central & South America is estimated to grow rapidly over the coming years. Aromatherapy can be practiced through various methods, including diffusers, inhalers, carrier oils, and candles.
Brazil
Brazil aromatherapy market held a significant share in the Central & South America market. Brazil's wellness industry has been growing rapidly in recent years, driven by several factors. Firstly, the country's rapidly expanding middle class has become increasingly health-conscious and willing to invest in wellness products and services.
Middle East & Africa Aromatherapy Market Trends
The aromatherapy market in the Middle East & Africa is experiencing rapid development. In the Middle East & Africa, the prevalence of mental disorders in young individuals is high. According to a report by UNICEF on the health and well-being of young people in the Middle East and North Africa (MENA) in 2023, almost a quarter of the total disease burden in the region is due to mental disorders.
UAE
The UAE aromatherapy market held a significant share in the Middle East & Africa. The adoption of online channels and the penetration of e-commerce act as drivers for the growth of the aromatherapy market in the UAE.
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Key Companies & Market Share Insights
Some of the key players operating in the market include dōTERRA, Young Living Essential Oils, and SpaRoom.
• dōTERRA is engaged in providing wellness, health, and fitness products. Furthermore, it functions by manufacturing and selling a diversified array of products through more than 2 million wellness advocates/distributors spread across the globe. The company’s offices are located in Australia, China, Japan, Mexico, Singapore, South Korea, and Taiwan. The major product segments include essential oils, personal care, kits & collections, supplements, and diffusers. In addition, the company offers a wide range of accessories, such as roller bottles, sprayer bottles, bottle pumps, and orifice removers.
• Young Living Essential Oils, LC. has offices across various countries including Australia, New Zealand, Japan, Singapore, Ecuador, Canada, Hong Kong, Indonesia, Malaysia, Mexico, the Philippines, Taiwan, the U.S., and UK. The company’s product portfolio comprises a wide array of products such as essential oils, diffusers, massage oils, hair care, oral care, skin care, pet care, household cleaners, antioxidants, essential oil supplements, target solutions, cleansing products, primary nutrition, multivitamins, meal replacement, and probiotics. The company offers its products under several trademarks including Savvy Minerals, Thieves, Slique, NingXia, KidScent, Seedlings, Animal Scents, Shutran, Einkorn, ART, Young Living Gear, and Mirah. In addition, it offers products to customers across the globe by improving & expanding their farms and engaging in global partnerships.
Key Aromatherapy Companies
The following are the leading companies in the aromatherapy market. These companies collectively hold the largest market share and dictate industry trends.
• Procter & Gamble
• Reckitt Benckiser Group PLC
• Ryohin Keikaku Co., Ltd.
• dōTERRA
• Young Living Essential Oils, LC.
• Mountain Rose Herbs
• Edens Garden
• Aurora
• Rocky Mountain Oils, LLC
• Plant Therapy
• FLORIHANA
• Biolandes
• Falcon
• Stadler Form
• Pilgrim
• sparoom
• EO Products
• NOW Foods
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