PUBLISHER: Grand View Research | PRODUCT CODE: 1493258
PUBLISHER: Grand View Research | PRODUCT CODE: 1493258
The global aromatherapy market size is anticipated to reach USD 15.1 billion by 2030, expanding at a CAGR of 8.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing health consciousness among the masses and the surging importance of individual well-being are expected to positively impact the growth of the global market.
The rising preference for natural and organic products, coupled with a growing focus on self-care, has spurred the demand for aromatherapy solutions. Additionally, the integration of aromatherapy into mainstream healthcare practices, such as massage therapy and spa treatments, further fuels market growth. Moreover, the expanding popularity of aromatherapy in managing various health conditions, coupled with a surge in lifestyle-related disorders, contributes to a positive market outlook. As consumers seek alternative and complementary approaches to wellness, the market is positioned to witness sustained expansion in the foreseeable future.
According to the International Spa Association, 2022, which indicates a notable increase in spa visits of customers in the U.S., reaching 181 million in 2022 from 124 million in 2020. In 2021, there was a significant rise of 49 million spa visits by customers compared with that of 2020, marking a 40% increase in them. Furthermore, the average visits per spa establishment annually also witnessed a 40% growth, from 5,760 in 2020 to 8,060 in 2021. The lowered average visits per spa establishment in the U.S. in 2020 were due to the impact of COVID-19, which caused a decline in spa visits, affecting this industry with closures and strict hygiene measures.
The burgeoning growth of spas has emerged as a significant driver for the increasing demand in the market. As spas become integral to modern lifestyles, consumers are increasingly seeking holistic wellness experiences that include aromatherapy as a core component. The calming and therapeutic effects of essential oils align seamlessly with the relaxation and rejuvenation goals of spa-goers, enhancing the overall spa experience. Spa facilities are incorporating aromatherapy into a variety of treatments, such as massages, facials, and sauna sessions, to provide a multisensory and immersive journey for clients. The rise in consumer awareness regarding the stress-relieving and mood-enhancing benefits of aromatherapy contributes to its growing adoption in spa settings. As the global spa industry continues to expand, the demand for aromatherapy products and services is expected to witness a parallel increase, creating new opportunities for market players in this niche segment.