Aromatherapy Market Description –
In 2020, the global aromatherapy market was valued at USD 1.6 billion and is predicted to increase at a CAGR of 11.6 percent from 2021 to 2028, according to market research. It is expected that the market for essential oils will rise over the next few years as more people become aware of their medicinal properties.
There are several conditions for which aromatherapy is regarded an alternative medicinal therapy, including pain, cardiovascular disorders, respiratory disorders, skin-related problems such as colds and coughs, digestive issues, immune system malfunction, sleeplessness, anxiety, and wounds.. Acne scars are a major worry for women, and those with acne-related issues are more likely to use therapeutic-grade essential oils.
During 2020, the aromatherapy market was dominated by the United States. US aromatherapy market likely to grow in the next few years due to rising awareness of alternative therapies.. Essential oil cultivation is expected to benefit from favourable legislation and regulations in the country, which will help fuel expansion in that industry in the years to come.
Aromatherapy appeals primarily to women, but it is increasingly gaining popularity among millennials. They are the driving force behind the shift in healing techniques. Natural remedies are becoming more and more popular as an alternative to pharmaceuticals. New efforts and products are being developed by major corporations as a result of shifting trends in healing techniques.
Mode of Delivery Insights –
Aromatherapy’s largest income generator in 2020 will be the topical application segment, with a share of 42.3%. Therapeutic qualities can be enhanced by applying the medication to the skin. There are a number of essential oils that are used to treat various skin and hair issues including acne as well as to lighten the skin. Topical aromatherapy can also help with acute pain and discomfort, wounds and bruises, and the respiratory, immunological, neurological, and circulatory systems. Topical aromatherapy can also help with these systems.
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The use of direct inhalation for the treatment of respiratory problems is predicted to expand at a rapid pace over the projection period. Influenza, bronchitis, and sore throat can all be treated with essential oils when inhaled directly into the lungs. An surge in demand for natural products has made them an alternative to pharmaceutical drugs, making them more widely available. Over the forecast period, the aerial diffusion market is expected to increase at a CAGR of 11.7%. Airborne diffusion is becoming more popular as demand for aromatherapy diffusers grows. Steam diffusion, candle diffusion, heat diffusion, evaporative diffusion and nebulizing diffusion are all examples of aerial diffusion.
COVID-19 Impact –
The report discusses the following topics: Coronavirus COVID-19: It has been practically every country on the planet since the COVID-19 virus outbreak began in December of this year, prompting the World Health Organization to declare it a public health emergency. The global consequences of the coronavirus disease 2019 (COVID-19) are already being seen, and the Aromatherapy market will be considerably impacted in 2020. Flight cancellations, travel bans, and quarantines, restaurants closing, all indoor and outdoor events being restricted, over forty countries declaring a state of emergency, massive slowing of the supply chain, stock market volatility, growing panic among the general public, and uncertainty about the future are just a few of the consequences of the COVID-19 outbreak. There are many more.
Aromatherapy Market Report Highlights –
It is anticipated that the market for aromatherapy diffusers will rise at an estimated compound annual growth rate (CAGR) of 8.8 percent from 2021 to 2028, driven by the growing desire for diffusers, which assist in getting the therapeutic advantages from essential oils.
It is expected that the relaxation application segment will account for 23.2 percent of global revenue share in 2020 as a result of an increase in the number of people suffering from stress and anxiety, combined with an increase in the preference for natural treatments to alleviate stress-related symptoms.
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This segment is expected to increase at a compound annual growth rate of 12.2 percent throughout the projection period, owing to the several advantages connected with this distribution channel, such as convenience, availability of a large selection of items, and ease of purchasing.
By developing Zoe, a brilliant energy-efficient aroma diffuser that uses ultrasound technology to disperse essential oils into a space, Stadler Form Aktiengesellschaft plans to broaden its product line by September 2020.
Aromatherapy Market Segmentation –
IMARC Group provides an analysis of the key trends in each sub-segment of the global aromatherapy market, along with forecasts at the global, regional, and country level from 2021-2026. Our report has categorized the market based on product, mode of delivery, application, end-use, and distribution channel.
By Key players –
Young Living Essential Oils
Mountain Rose Herbs
Plant Therapy Essential Oils
Rocky Mountain Oils, LLC
Stadler Form Aktiengesellschaft
By Type –
By Application –
Skin & Hair Care
Cold & Cough
By Regions –
Segments covered in the Report –
The global aromatherapy market is divided into product, delivery mode, end use, and geographical regions. Consumables and equipment make up the bulk of the market. Additional subcategories include essential and carrier oils. Equipment is further divided into ultrasonic, nebulizing, evaporative, and thermal applications. The market is categorised into topical application, direct inhalation, and aerial dispersion based on mode of delivery. Health care facilities, such as hospitals and clinics, yoga studios, and meditation centers, are all subdivided based on their intended end use.