Global Aromatherapy Market Analysis, Size, Share, Study & Forecast 2017-2023

Surgeries and medicines made from chemicals are not the remedies for every medical problem. Sometimes, aromatherapy can heal patients in miraculous ways if patients can use aromatic plant oils (including essential oils and other aroma compounds) in the correct manner. Therefore, the market for aromatherapy is rising due to various factors that include the growing lifestyle industry, large number of people opting for aromatherapy and non-invasive nature of aromatherapy. Aromatherapy via essential oils can not only combat cold and breathing disorders, it can also enhance the immunity (and resistance against diseases) of the human body. Aromatherapy is also the remedy for problems that are caused by the modern lifestyle. The market restraints that are likely to slow down the growth of the aromatherapy market include increasing stringency of regulations such as indications which a brand has to provide. For example, the brand needs to mention the category the essential oil falls in.
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Key Players
The key players in global aromatherapy market include
Air Aroma (USA)
Nu Skin (USA)
Muji (Japan)
Tree of Life (made by Jaroma)
Young Living (USA)
Zija International (China)
dōTERRA
NOW Foods
Neal’s Yard Remedies (United Kingdom).
Market Research Future (MRFR) has published a research report about global aromatherapy market. The theory of this report anticipates 6.18% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, the market growth is expected to reach the US $ 4.3 bn by the end of the forecast period. This report analyzes the market structure with the forecast for six years, factors affecting market growth, on the basis of porters five force analysis, price analysis, and supply chain analysis. It also lists the key players and explores their business strategies. Market developments that are competitive in nature include the development of new treatments, joint ventures, mergers and acquisitions, and strategic alliances.
The global aromatherapy market has been segmented on the basis of the product. The product-based segmentation covers application, essential oils, equipment, therapeutic application and lastly region. The application segment has been sub-segmented into inhalation, tropical, and aerial diffusion. Based on essential oils, the market segmentation comprises of citrus, floral, green/vegetative, herbaceous/camphoraceous, & spicy and others. The equipment segment has been segmented into heat diffuser, nebulizer diffuser, and ultrasonic diffuser. On the basis of therapeutic application, the market has been segmented into pain management, relaxation and sleep, skin and hair care, and other remedies.
The regional segmentation of the global Aromatherapy Market covers North America, Europe, Asia Pacific, and Middle East & Africa (MEA). The biggest regional market in the global aromatherapy market in North America, and the backbone of this market is the revenue from the United States of America (USA). Due high density of population and high per capita income, the USA is a big market by default. The only restraint in this region is ambiguity and uncertainty of the therapeutic potential of aromatherapy. The second largest and fastest growing market for aromatherapy is Europe. In Europe, France is the biggest market for aromatherapy due to a tradition of aromatics whereas Italy is the second largest market. Majority of the biggest players of the global aromatherapy market are also based in North America and Europe. This is also another reason for these two continents emerging as the two biggest regional markets. Asia Pacific region is witnessing a steady growth of the aromatherapy market with China being the biggest market due to the high population while India is the second largest market here. As China and India have traditions of aromatherapy, in these countries, the market is high despite lower per capita income compared to developed regions. In the MEA region, Saudi Arabia, and United Arab Emirates (UAE) are very lucrative markets due to their greater wealth and the greater expansion of tourism in these regions. Among African countries, Algeria, Egypt, and South Africa. Due to poor income and low expenditure on public healthcare, the market of remaining Africa is low.

Latest Industry News

• Olfinity, an intelligent air system is set to bring air purification, air quality assessment, and controlled aromatherapy together in a series of products. These products are meant to improve indoor health and wellness. The Olfinity series of products includes an air monitor, air purifier, and aromatherapy diffuser.
• Entering the “wellness market,” popular retailer Anthropologie is launching a new range of products that includes aromatherapy and essential oils, books and stationery, coffee and teas, crystals, fitness products, hair and skin care items, and supplements.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Aromatherapy Market Advance Research in Medical Sector 2019 to 2023 –Aromatherapy Market News and Growth Analysis

Global Aromatherapy Market  - Overview

Aromatherapy has long been recognized as an alternative treatment, being offered in therapeutic practices, including yoga studios & spas, massage centers, even in hospice settings and chiropractic facilities. Utilizing aromatic oils, and other aroma compounds this medicine practice is helpful in treating health conditions ranging from chronic stress, anxiety, and depression to insomnia and trouble sleeping and from muscle pain, respiratory infections skin problems or disorders, to blood sugar fluctuations, and even cancer.

Over the period, there have been some product additions in the space of Aromatherapy. Products such as aromatherapy diffusers, beaded ornaments made of lava stones soaked in various essential oils that release fragrances and beer essential oils are becoming the current market trends. This presages that people are well aware of the benefits of aromatherapy and increasingly prefer it, relying on the usages of natural oils.

Resultantly, the global Aromatherapy market is growing pervasively, witnessing augmented uptake of aromatherapy as an alternative medicine practice. Today, online and store-based distribution channels are availing various therapeutic-grade aromatherapy products and oils, offering the convenience of purchasing. All these factors such as advantages, awareness, and accessibility cumulatively drive the aromatherapy market on the global platform.

Market Research Future (MRFR) in its recently published study report asserts that the already booming market of Aromatherapy is expected to gain prominence over the forecast period. The market is forecasted to reach USD 4.3 billion by the end of 2023, growing at a CAGR of ~ 6.18 % during 2017-2023.

Improving economic conditions worldwide are fuelling the urbanization, further ushering the problems about the changing lifestyle such as sleep disturbances, stress, etc. Simultaneously, the improved economy has also fostered the lifestyle industry, enhancing the quality of life of people making the best healthcare available to them. The non-invasive nature of aromatherapy is also one of the key factor fostering the market growth exclusively. 

Conversely, there are some growth restraining factors as well that are expected to hinder the market growth. These factors are stringent regulations about the obligatory differentiation label on the product citing therapeutic grade or cosmetic grade products, lack of expertise among the therapists and toxic nature of some of the essential oils like Cineole which is poisonous above the recommended dose and an overdose may cause some severe respiratory symptoms. Also, the fact that is impeding the market growth up to some extent is that there is no solid medical evidence that aromatherapy prevents or cures diseases mentioned above.

Global Aromatherapy Market   - Competitive Analysis

The key players operating in the Aromatherapy Market compete based upon pricing, Technology, and services. Vendors operating in the Aromatherapy Market strive to deliver the best quality products based on innovative technologies, and best practices.  Aromatherapy market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in intensified competition further.

Some oil manufacturer practice using steam distillation or solvent extraction because it is an easier way to extract essential oils as the natural herbs and plants may change its medication value and nutrients compound due to heat. Hence oils used in Aromatherapy are extracted by the cold press or cold process to retain maximum nutrients compound from the natural plants or herbs.

Key players are more focusing on the expansion of Aromatherapy business across the globe which is contributing around 40% of strategy share. After expansion, key players are acquiring companies to strengthen their presence and to get an edge over increasing competition. R&D, partnership, and product launch contribute equally (~10%) in the strategic share of key players in Aromatherapy market.

Industry/innovation/Related News:

May 29, 2018 – Aspen Valley Hospital (AVH - US) launched an opioid reduction initiative with a multi-pronged attack. Including aromatherapy and other therapies like acupuncture, heat, etc., the hospital is all set to help cut into opioid use.

May 9, 2018 - Wis. Ambulance Service in Tri-State (US) introduced aromatherapy instead of medication for minor pains and thus to cut down on opioid use.

August 23, 2017 – doTERRA International, LLC (US), one of the leading global manufacturer of Aromatherapy and Essential Oils announced the expansion of its corporate campus including the new medical clinic and corporate building, along with the expansion of the company’s manufacturing facility.

Global Aromatherapy Market   - Segments:

The global aromatherapy market has been segmented on the basis of the product. The product-based segmentation covers application, essential oils, equipment, therapeutic application and lastly region. The application segment has been sub-segmented into inhalation, tropical, and aerial diffusion. Based on essential oils, the market segmentation comprises of citrus, floral, green/vegetative, herbaceous/camphoraceous, & spicy and others. The equipment segment has been segmented into heat diffuser, nebulizer diffuser, and ultrasonic diffuser. On the basis of therapeutic application, the market has been segmented into pain management, relaxation and sleep, skin and hair care, and other remedies.

Global Aromatherapy Market   - Regional Analysis

The US region is estimated to dominate the market with the largest market share in terms of revenue and size both, followed by Europe and the Asia Pacific respectively.  Owing to the high per capita income and healthcare expenditures, the U.S. and Canada are major markets for Aromatherapy in the North America region. Strong potential of Aromatherapy products to be used for rising application areas and therapeutic applications as well as in cosmetics and personal care supporting market growth among the various regions in the world.

Whereas, in Europe, the second largest market for Aromatherapy, France, Italy, and Germany are major Aromatherapy products market. Increasing popularity of Aromatherapy as therapeutics and pharmaceuticals is supporting the Aromatherapy market in America and Europe region. High disposable income and presence of large facilities especially in France and Germany drive the regional market growth.

Led by China and India Asia Pacific region is expected to emerge as the fastest growing market for Aromatherapy, owing to the large unmet needs.  Besides APAC region is the largest producer of the Essential Oils, Carrier oils and Blended oils which is undoubtedly going to impact the regional market growth positively.

Led by some of the GCC countries, mainly Saudi Arabia and UAE, The Middle East and Africa market for Aromatherapy will be witnessing substantial growth. On the other hand, due to the poor economic and political conditions in the regions

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Aromatherapy Market can grow with +6% by 2017 to 2023

Aromatherapy is an alternative form of medicine which relies on scented oils and other essential compounds for improving the well-being of individuals. It can be used in conjunction with other complementary treatments of acupuncture or massage for management of chronic diseases or other medical symptoms. The global aromatherapy market report compiled by Market Research Future (MRFR) contains drivers, trends, developments, and challenges new entrants and existing players can face in the period of 2017 to 2023.

Market Overview

As per MRFR, the global aromatherapy market is poised to display a CAGR of 6.18% from 2017 to 2023 (forecast period). It can touch a value of USD 4.3 billion by 2023. Benefits of the treatment after inhalation of the aroma can induce relaxation is likely to bode well for the market. A prime example includes the diffusion of eucalyptus oil can assist in digestion of foods.

Changes in lifestyles of consumers and a large number of people opting for the complementary treatment are other major drivers of the market. Clinical trials advocating the advantages of aromatherapy for the treatment of disorders can influence the market considerably. According to Cancer.gov, 58 patients showed a decrease in depression and anxiety after completion of aromatherapy sessions. Availability of various oils at lifestyle stores and online channels can fuel the global aromatherapy market growth till 2023.

But lack of proper regulations and allergic reaction of the oil to customers are factors which can prevent market growth.

Segmentation

The global aromatherapy market is segmented by product, application, and therapeutic application.

By product, it is segmented into essential oils, carrier oils & blended oils, equipment, and others. Essential oils are further segmented into herbaceous/camphoraceous, green/vegetative, spicy, citrus, floral, and others. Ultrasonic diffuser, heat diffuser, and nebulizer diffuser are other segments subsumed within the equipment segment.

By application, it is segmented into aerial diffusion, inhalation, and tropical.

By therapeutic application, it is segmented into skin and hair care, relaxation and sleep, pain management, and others.

Regional Analysis

Asia Pacific (APAC), North America, Europe, and the Middle East & Africa (MEA) are the regions discussed with respect to the market report.

North America is estimated to be one of the profitable regions for the global aromatherapy market till 2023 due to consumers opting for the treatment in the U.S. The large population and their high expendable income levels are major growth drivers of the region.

Europe is the second-largest region with France and Italy proving to be the revenue generators. Pursuance of healthy lifestyles as well as renewed interest among the people residing in the region are prime factors driving market growth. The inclusion of essential oils by popular cosmetic brands can boost the global aromatherapy market demand.

The APAC region can display a robust CAGR during the forecast period driven by consumer demand in China and India. Rising number of accidents combined with the use of oils for treating burns and scars as natural remedies can bode well for the market. Furthermore, old traditions and rituals in addition to the large number of tourists visiting for experiences can bode well for the region.

Lastly, the MEA region can contribute to the market due to the regions of Saudi Arabia and UAE. Efforts by respective governments for promoting tourism can be a viable factor for the expansion of the global aromatherapy market in the region.

Competition Outlook

Muji, Nu Skin, Tree of Life, Neal's Yard Remedies, NOW Foods, Young Living, Air Aroma, doTERRA, and Zija International are notable industry participants of the global aromatherapy market. Launch of new products and associated stationery are being launched by players for promoting the alternative form of treatment.

Industry News

Aromafloria, the US based producer of bath and body products, has launched aromatherapy based products in its new product line of Cannafloria Essentials. It contains cannabis terpenes which gives the solutions a distinct aroma.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

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Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

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Email: sales@marketresearchfuture.com

Aromatherapy Market - highly promising expected to witness a notable CAGR of ~ 6.18 %

Market Scenario

Market Research Future (MRFR) postulates that the aromatherapy market is Projected to USD 4.3 billion, grabbing a healthy CAGR of 6.18 % during the forecast (2017-2023). The non-invasive nature of aromatherapy is encouraging the market growth. Aromatherapy is practiced across the globe to treat several conditions like burns, eczema, acne, skin rashes, etc. and is also being gradually approved for pain management. Aromatherapy is common among the geriatric population as they help to heal chronic pain. The procedure is progressively being used at homes for instant relief from cold and flu, relaxation and sleep, mood enhancement, and pain relief. They are cost-effective, offer privacy and convenience. Aromatherapy finds application in the skin and hair care, relaxation, cold and cough, pain management, scar management, insomnia, and others.

Market Potential and Pitfalls

The aromatherapy market is experiencing an up thrust across the globe with a large number of the global population opting for aromatherapy, non-invasive nature of aromatherapy, and increasing lifestyle industry. The modern lifestyle is encircled with problems such as stress and sleep disturbances which have further inflated the market growth. Aromatherapy used aromatic and other essential oils which helps to combat cold, increase immunity and improve breathing disorders. Such benefits have encouraged the aromatherapy market worldwide. The surging practice of aromatherapy at home, growing customer fondness towards the use of natural products, and the high prevalence of lifestyle diseases are likely to propel the market growth in the coming years.

Essential oils used in aromatherapy possess several natural healing factors. Therapeutic grade essential oils have a positive impact on the overall wellness of the patient. They are considered a natural cleanser and also an antibacterial remedy when ingested. 

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Moreover, people across the globe are becoming aware of the benefits provided by such natural therapies, which is further encouraging the market growth. Consumers are buying cosmetic products integrated with aromatherapy ingredients and essential oils. Aromatherapy products including and creams, bath salts, and massage oils are popular among the consumers. Manufacturers are thus offering a varied range of aromatherapy consumables which consist of natural ingredients, pleasant smell, and relaxing properties. Oils such as lavender, lemongrass, and peppermint are gaining huge prominence among the manufactures. Such factors are influencing the growth of the aromatherapy market across the globe.

On the contrary, the toxic nature of the essential oils and a dearth of proper guidelines are considered some of the top barriers vitiating the market growth across the globe. For instance, Cineole is an essential oil which can be poisonous above the recommended dose. An overdose can cause nausea, epigastric burning, dizziness, vomiting, rapid heartbeat, muscular weakness, feeling of suffocation, etc.

Competitive Dashboard

The prominent players operating the global aromatherapy market comprises NOW Foods, Muji, Tree of Life, Young Living, Neal’s Yard Remedies, dōTERRA, Zija International, Nu Skin, Air Aroma, and others.

Global Aromatherapy Market: Segmental Analysis

For enhanced understanding, the market has been segmented into four key dynamics: -

By Product          : Carrier oils & Blended oils, Essential oils (Citrus, Floral, Green/Vegetative, Spicy, and Herbaceous/Camphoraceous, Spices and others), Equipment (Ultrasonic Diffuser, Nebulizer Diffuser, and Heat Diffuser, others), and others.

By Application                                  : Tropical, Inhalation, Aerial Diffusion, and others. 

By Therapeutic Application          : Pain Management, Relaxation & Sleep, Skin & Hair Care, and other remedies. 

By Regions                                         : North America, Asia Pacific, Europe, and the Rest-of-the-World.

You can also Read Here about Aromatherapy Market @ https://www.medgadget.com/2019/12/aromatherapy-market-share-2019-increasing-impetus-on-health-and-well-being-to-boost-the-global-aromatherapy-industry-by-product-equipment-by-application-by-therapeutic-application-and-research-for.html 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com