Market Overview:
The global market for Aromatherapy estimated at USD 7.17 Billion in the year 2023, is anticipated to reach a revised size of USD 13.63 Billion by 2032, growing at a CAGR of 7.4% over the period 2024-2032.
Aromatherapy is the practice of using essential oils for therapeutic benefit. Aromatherapy has been used for centuries. When gobbled, the scent molecules in essential oils travel from the olfactory nerves directly to the brain and especially impact the amygdala, the emotional center of the brain.
Experts drink aromatherapy activates areas in the nose called smell receptors, which send messages through the nervous system to the brain. The oils may spark certain areas of the brain, like the limbic system, which plays a part in feelings. They could also have an impact on the hypothalamus, which may respond to the oil painting by creating sense-good brain chemicals like serotonin.
Top Key Players in Aromatherapy Market:
Doterra(U.S.), Young Living Essential Oils (U.S.), Isagenix Worldwide Inc. (U.S.), Eden Gardens (India), Florihana (France) Cargill, Incorporated (U.S.), Sensient Technologies Corporation (U.S.), Mountain Rose Herbs (U.S.), Plant Therapy Essential Oils (U.S.), Rocky Mountain Oils LLC. (U.S.), Biolandes (France), Stadler Form (Switzerland), Hubmar (U.S), Symrise (Germany), and Other Major Players
Market Dynamics and Factors for Aromatherapy Market:
Drivers:
Increasing Use of Aromatherapy Due to Their Health Benefits
Aromatherapy is used in a wide range of settings, from health spas to hospitals, to treat a variety of conditions. In general, it seems to relieve pain, ameliorate mood, and promote a sense of relaxation. Several essential oils, including lavender, rose, orange, bergamot, bomb, sandalwood, and others, have been shown to relieve anxiety, stress, and depression.
Several clinical studies suggest that when essential oils (particularly rose, lavender, and frankincense) were used by good midwives, pregnant women felt less anxiety and fear, had a stronger sense of well-being, and had a lower need for pain specifics during delivery.
Opportunities:
Rising Awareness About Alternative Treatments
Aromatherapy is one of the most laboriously growing forms of an alternative drug combining massage with comforting and a nice odor. Most people suffer from some kind of stress-related complaint and aromatherapy encourages the mending process largely through relaxation and the relief of stress.
Hospitals, taverns, and homes for seniors and those who are physically or mentally challenged all struggle with stress daily. Nurses who want to be near their patients and doctors who can relate to patients with stress-related diseases who do not respond to conventional specifics both welcome aromatherapies.
Segmentation Analysis of the Aromatherapy Market:
By Application, the Relaxation segment is expected to register a significant market share. People choose relaxation therapies because of the pervasive trend of natural remedies, which is in line with the increasing concerns about managing their stress. Lavender is one of the most popular essential oils for beginners and aromatherapy experts alike. As one of the several essential oils with anxiolytic, or anti-anxiety, properties, lavender can create an overall calming effect.
By Product Type, Consumables are likely to dominate in this area. Due to the rising adoption of essential oils as therapeutic agents for various disease conditions. Consumables include essential oils and carrier oils.
Regional Analysis of the Aromatherapy Market:
North America dominates the market. In the United States, it is estimated that 62% of adults have used some form of complementary or alternative therapy in the last 12 months, although adult use specifically of essential oils or aromatherapy is unknown. A recent Swiss study estimated that 10.7% of patients with chronic low back pain used aromatherapy and rated it a 4.2 out of a 10-point scale for usefulness.
Key Industry Development:
In November 2021, Rose Herbs announced the opening of the new Mountain Rose Aroma Bar. With two paramount locations, through superior, ethically sourced essential oils and customized aromatherapy products, this first-of-its-kind essential oil market aims to stimulate the senses.
In December 2020, Young Living announced that its Young Living Essential Oils Aromatic Plant Herbarium (YLAH) has been officially registered with the New York Botanical Garden. The YLAH is a crucial resource for the storage and study of botanical specimens, particularly those from aromatic plants.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA