Aromatherapy Market: Global size, competitive, trends, forecast
analysis, 2017-2023. Non-invasive nature of aromatherapy and
rising awareness about the health benefits of aromatherapy are the key factors
driving the aromatherapy market.
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Market Segmentation
The MRFR report provides an inclusive segmental analysis of the
global aromatherapy market based on product, equipment, application, and
therapeutic application.
By product, the global aromatherapy market is segmented into
spicy, herbaceous/camphoraceous, green/vegetative, citrus, floral, and
others.
By equipment, the global aromatherapy market is segmented into
heat diffuser, ultrasonic diffuser, and nebulizer diffuser.
By application, the global aromatherapy market is segmented into
aerial diffusion, inhalation, and tropical.
By therapeutic application, the global aromatherapy market is
segmented into skin and hair care, pain management, relaxation and sleep, and
others.
Key Players
Notable players profiled in the global aromatherapy market report
include Neal’s Yard Remedies, NOW Foods, dÅTERRA, Zija International, Young
Living, Tree of Life, Muji, Air Aroma, and Nu Skin. Industry players have
adopted strategies such as extensive R&D, mergers, collaborations, and
product launches to create a niche in the market.
Scope
of Aromatherapy Market Report
Global aromatherapy
market Trends is predicted to touch USD 4.3 billion
by 2023 at a 6.18% CAGR between 2017-2023.
Aromatherapy is a healing treatment that uses plant extracts for
promoting health and well-being. Also referred to as essential oil therapy, it
utilizes aromatic essential oils to improve the body, spirit, and mind.
Aromatherapy enhances both the emotional and physical health. Some of its key
benefits include increase circulation, improve digestion, reduce pain,
strengthen the immune system, speed up the complete process, boost energy
level, and relieve depression and anxiety.
Industry News
February 2020: MONQ, LLC, a leader in natural wellness and
aromatherapy, has launched its new Roll-on Essential Oil Blend Collection-
Sleepy, Relieve, and Focus.
Aromatherapy Market Analysis/Aromatherapy Market Trends
Numerous factors are adding to the global aromatherapy market. These
factors, according to the recent MRFR report, include growing demand for
natural treatment, its non-invasive nature, growing lifestyle industry,
increasing awareness about the benefits of using essential oils, rise in
disposable income, and demand for self-medication. Lavender oil, rosemary oil,
and tea tree oil are the most widely used essential oils. The global
aromatherapy market is likely to touch USD 4.3 billion million at a 6.18% CAGR
between 2017-2023, as per the latest Market Research Future (MRFR) report. On
the flip side, certain side effects and strict regulatory environment are
factors that may limit the aromatherapy market growth over the forecast
period.
Regional Analysis
North America to Spearhead Aromatherapy Market
By region, the global aromatherapy market report covers the recent
trends and growth opportunities across North America, Europe, the Asia Pacific
(APAC), and the Middle East and Africa (MEA). Of these, North America will
spearhead the market during the forecast period. The US is the key contributor
in the region for the presence of a rich market and high per capita income.
Meanwhile, the ambiguity about its potential and the uncertainty may limit the
market growth.
The global aromatherapy market in Europe is predicted to hold the
second-largest share during the forecast period. France is a key contributor in
the region as it has a tradition of aromatics. Besides, the presence of leading
aromatherapy companies is also adding market growth.
The global aromatherapy market in the APAC region is predicted to
grow at the fastest pace over the forecast period. India, followed by China are
the key contributors in this region for the huge manufacturing base and huge
population.
The global aromatherapy market in the MEA will have stable growth
over the forecast period. The UAE and Saudi Arabia are the key contributors in
the region for greater expansion of tourism and greater wealth.
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Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
NOTE : Our team of
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