Aromatherapy Market– Statistics And Analysis & Forecast To 2030

Posted by Mrudula Anil Karmarkar on July 12th, 2023

San Francisco, 12 July 2023: The ReportAromatherapy Market Size, Share & Trends Analysis Report By Product (Consumables, Equipment), By Mode of Delivery (Topical, Aerial), By Application, By Distribution Channel, By End-use, And Segment Forecasts, 2023 - 2030

The global aromatherapy market size is anticipated to reach USD 4.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2023 to 2030. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.

Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils. The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.

The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.

Rising awareness about the therapeutic uses of essential oils coupled with a growing preference for natural products is likely to drive the market over the forecast period. Aromatherapy is considered an alternative medicinal therapy that helps recover from various disorders, including pain, cardiovascular disorders, respiratory disorders, skin-related problems, cold and cough, digestion problems, immune system dysfunction, insomnia, anxiety, and wounds. Women are usually more concerned about acne scars, and people with acne-related problems often opt for therapeutic-grade essential oils.

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Aromatherapy Market Report Highlights

• The demand for aromatherapy diffusers is expected to witness growth at an estimated CAGR of 8.8% from 2021 to 2028 owing to the growing preference for diffusers as they help in gaining the therapeutic benefits from essential oils
• The relaxation application segment accounted for 23.2% of the global revenue share in 2020 on account of an increase in the number of people suffering from stress and anxiety coupled with a growing preference for natural treatment to get relief from stress
• The e-commerce distribution channel segment is anticipated to witness growth at a CAGR of 12.2% over the forecast period on account of benefits associated with this channel, such as convenience, availability of a wide range of products, and ease-of-buying
• In September 2020, Stadler Form Aktiengesellschaft expanded its products offerings by launching Zoe, a glowing energy-efficient aroma diffuser that uses ultrasound technology to emit essential oils in the room

Rising stress, anxiety, and depression among people caused by the containment measures to curb the spread of the COVID-19 outbreak are expected to augment the demand for various stress relief and relaxation therapies. Furthermore, the application of aromatherapy to provide relief against cough and cold is expected to impact the market positively since the primary symptoms of COVID-19 include cough, cold, and fever.

Aromatherapy Market Report Scope

List of Key Players of Aromatherapy Market

• d?TERRA
• Young Living Essential Oils
• Edens Garden
• Mountain Rose Herbs
• Plant Therapy Essential Oils
• Rocky Mountain Oils, LLC
• FLORIHANA
• Falcon
• Biolandes
• Stadler Form Aktiengesellschaft
• Hubmar International
• SpaRoom