The global aromatherapy market is estimated to be valued at US$ 6.39 Billion in 2023 and is expected to exhibit a CAGR of 8.2% during the forecast period (2023-2030).
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 6.39 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
8.20% |
2030 Value Projection: |
US$ 11.09 Bn |
Figure 1. Global Aromatherapy Market Share (%), By Product Type, 2023
Aromatherapy is a holistic practice that employs the therapeutic properties of essential oils extracted from plants, flowers, and herbs to enhance physical, emotional, and psychological well-being. These concentrated aromatic oils can be inhaled, applied topically, or used in diffusers. Aromatherapy is believed to alleviate stress, improve mood, alleviate pain, and promote relaxation. It is often used in conjunction with massage therapy, baths, and diffusers to create a pleasant and calming atmosphere. While scientific evidence varies, many people find aromatherapy to be a valuable complement to conventional healthcare, offering potential benefits for overall wellness and relaxation.
Market Dynamics
The aromatherapy market is on the rise due to the growing awareness of health and wellness, increased stress levels, and a focus on mental health. Aromatherapy offers a natural, holistic approach to well-being, with essential oils known for their calming and mood-lifting effects. As interest in alternative therapies and natural remedies grows, aromatherapy provides a customizable option that aligns with personal preferences. It has also integrated into the beauty and skincare industry. Aromatherapy products are readily available online and in stores. Additionally, scientific research and endorsements from wellness influencers have boosted its credibility and popularity, driving the market growth.
Key features of the study:
- This report provides an in-depth analysis of the global aromatherapy market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year. It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aromatherapy market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- The key companies covered as a part of this study include doTERRA International, Koninklijke DSM N.V., International Flavors & Fragrances Inc., Symrise, Eden Garden, Young Living Essential Oils, Frontier Natural Products Corporation, Rocky Mountain Oil, Mountain Rose Herbs, Plant Therapy Inc., Thann-Oryza Co. Ltd, G Baldwin & Co., Ouwave Aroma Tech Co. Ltd, RyohinKeikaku Co. Ltd, and Isagenix International LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global aromatherapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aromatherapy market
Global Aromatherapy Market Detailed Segmentation:
- By Product Type:
- Handheld Aromatherapy
- Consumables
- Essential Oils
- Singles
- Herbaceous
- Woody
- Spicy
- Floral
- Citrus
- Earthy
- Camphoraceous
- Others
- Blends
- Carrier Oils
- Equipment
- Ultrasonic
- Nebulizing
- Evaporative
- Heat
- By Application:
- Skin & Hair Care
- Pain Management
- Insomnia
- Boosting Immunity
- Scar Management
- Others
- By Mode of Delivery:
- Topical Application
- Aerial Diffusion
- Direct Inhalation
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- doTERRA International
- Koninklijke DSM N.V.
- International Flavors & Fragrances Inc.
- Symrise
- Eden Garden
- Young Living Essential Oils
- Frontier Natural Products Corporation
- Rocky Mountain Oil
- Mountain Rose Herbs
- Plant Therapy Inc.
- Thann-Oryza Co. Ltd
- G Baldwin & Co.
- Ouwave Aroma Tech Co. Ltd
- RyohinKeikaku Co. Ltd
- Isagenix International LLC