Aromatherapy Products Market Research, 2031
The global aromatherapy products market size was valued at $2.3 billion in 2021 and is projected to reach $5.3 billion by 2031, growing at a CAGR of 9% from 2022 to 2031. Essential oils and other aromatic plant chemicals are used in a variety of conventional, unconventional, and complementary therapies collectively referred to as aromatherapy. According to The National Association for Holistic Aromatherapy (NAHA), aromatherapy is defined as the therapeutic application or the medicinal use of aromatic substances (essential oils) for holistic healing. With a rise in busy lifestyles and hectic schedules, people seek stress releasing and relaxing therapies. Some oils such as lavender, mandarin, and rose have a relaxing and stimulating effect on the body and mind. Oils such as lavender, known for its strong aromatic fragrance, are used in spa and aromatherapy sessions.
The aromatherapy products market is projected to be driven by the increasing prevalence of skin problems. Aromatherapy is frequently used by people who have skin rashes because it nourishes the skin and lowers inflammation. People do not always choose synthetic items owing to their negative impacts. Various skin and hair disorders can be treated using essential and carrier oils' antifungal, antibacterial, and antiseptic characteristics.
Rise in awareness among consumers regarding the health benefits of cedarwood oil which one of the important essential oil propels its adoption in the spa & relaxation therapy. Rise in consumer expenditure on health and wellness is a major factor expected to boost expected boost the demand for essential oils in aromatherapy industry. Moreover, the spa & relaxation industry is witnessing a rapid growth, owing to rise in demand for wellness tourism in which tourists receive spa & relaxation services at the destinations. Thus, above mentioned factors are likely to garner the growth of the market. Essential oil products are expensive, as they are 100% natural. Extraction of these oils require parts of plants, such as flowers, stems, leaves, roots, and others.
Essential oils include flower oils, resin oils, fruit oils, leaf oils, roots oils, herb oils, and bark/wood oils. A small quantity of essential oil requires a huge amount of raw material. Limited availability of raw materials in the market and long extraction process makes the oil expensive. Thus, limited availability of essentials oil which are majorly used in aromatherapy practices and expensive cost of aromatherapy are likely to limit the the aromatherapy products market growth during the forecast period.
With a rise in busy lifestyles and hectic schedules, people seek stress releasing and relaxing therapies. Some oils such as lavender, mandarin, and rose have a relaxing and stimulating effect on the body and mind. Oils such as lavender, known for its strong aromatic fragrance, are used in spa and aromatherapy sessions. The aromatherapy products market is projected to be driven by the increasing prevalence of skin problems. Aromatherapy is frequently used by people who have skin rashes because it nourishes the skin and lowers inflammation. People do not always choose synthetic items owing to their negative impacts. Various skin and hair disorders can be treated using essential and carrier oils' antifungal, antibacterial, and antiseptic characteristics.
According to the aromatherapy products market analysis, the aromatherapy products market is segmented into form, product, application, distribution channel and region. On the basis of form, the market is categorized into holistic, medical and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care and others.
By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE and Rest of LAMEA).
On the basis of form, the holistic segment was the significant contributor to the market, with $1,405.3 million in 2021, and is estimated to reach $3,059.5 million by 2031, at a CAGR of 8.5% during the forecast period. Aromatherapy is a complementary therapy. It cannot treat infections, rashes, or diseases, but it can supplement conventional care for a number of problems. the illnesses including motion sickness, aches and pains, exhaustion, sleeplessness, headaches, circulatory issues, anxiety, agitation, stress, and depression. Rising awareness about the therapeutic uses of essential oils coupled with a growing preference for natural products is likely to drive the aromatherapy products market size over the forecast period through holistic aromatherapy segment.
On the basis of product, essential oils segment was the highest contributor to the market, with $1,598.7 million in 2021 and is estimated to reach $ 3,528.3 million by 2031, at a CAGR of 8.7% during the forecast period. Essential oils, also known as volatile oils, aetherolea, or ethereal oils, are derived from leaves, stems, flowers, bark, roots, or other parts of a plant.
Essential oil is a natural and organic oil that provides various benefits to physical as well as mental health. In addition, it has anti-inflammatory and antimicrobial properties, which is beneficial for skin problems such as acne and is also used for insomnia condition. Thus, increase in use of essential oils in the aromatherapy and rise in awareness regarding the its benefits for pain relief and relaxation are expected supplement the growth of the market during the forecast period.
According to application, the pain management segment was the valued at $640.8 million in 2021 and is estimated to reach $1,539.6 million by 2031, at a CAGR of 9.6% during the forecast period. According to Julie Chen, MD, an integrative medicine physician in San Jose, California, Certain scents activate smell receptors in the nose, which triggers a reaction in the nervous system This, in turn, stimulates the part of brain that controls emotion, triggering the release of hormones such as feel-good dopamine. Thus, increasing cases of musculoskeletal disorders, such as arthritis, osteoarthritis, orthopedic degenerative disorders, and rheumatoid arthritis, are likely to increase the demand for aromatherapy products through pain management segment.
According to distribution channel, the supermarket and hypermarket segment was the significant contributor to the market and is estimated to reach $577.2 million by 2030, at a CAGR of 10.8% during the forecast period. The retail stores segment was the significant revenue contributor in the aromatherapy product market and is expected to increase its revenue contribution during the forecast period. This is majorly attributed to the availability of broad range of essential oil and aromatherapy-related products under a single roof. These are specialty store counters that offer diversified product offerings related to essential oils. Thus, increase in supermarkets and hypermarkets due to rise in urbanization are likely to supplement the growth of the product market.
According to the aromatherapy products market opportunities, region-wise, North America garnered the major aromatherapy products market share in 2021, and is expected to maintain its market share throughout the aromatherapy products market forecast period. This is majorly attributed to the increasing demand for the aromatherapy industry in the region. Hectic lifestyle of consumers result in issues such as mental health disorders including anxiety disorders, depression, as well as high level of stress. In addition, sedentary lifestyle, unhealthy food habits, and physical inactivity leads to headache, stomach pain, and high blood pressure, which compels consumers to opt for stress relief therapies such as massage, aromatherapy, and spa therapies. All of these factors encourage growth of the North America aromatherapy products market.
The players operating in the global aromatherapy products industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include dÅTERRA , Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin and H.Reynaude & Fils.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the aromatherapy products market from 2021 to 2031 to identify the prevailing aromatherapy products market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the aromatherapy products market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global aromatherapy products market trends, key players, market segments, application areas, and market growth strategies.
Aromatherapy Products Market Report Highlights
| Aspects | Details |
 By Product |
|
 By Application |
|
 By Form |
|
 By Distribution Channel |
|
 By Region |
|
 Key Market Players | Stadler Form, Young Living Essential Oils LC, Falcon Essential Oils, Nu Skin, H.Reynaude & Fils, SpaRoom, Air Aroma, Biolandes, d?TERRA, Plant Therapy Essential Oils, Edens Garden, Hubmar International, FLORIHANA, Rocky Mountain Oils, Mountain Rose Herbs |
Analyst Review
The aromatherapy products market in the medical sector has a lot of potential. Presently, the market revenue generated through relaxation and sleep, pain management, and skin and hair care segments are notably high and are expected grow at significant rate during the forecast period. This is majorly attributed to growing health concerns, rise in awareness regarding the therapeutic treatments and growing disposable income especially in the developing regions.
However, peppermint, lime, and lemon essential oils earned a sizable income in 2020 and are anticipated to gain sizable market share during the forecast period. At the moment, orange and cornmint oils dominate the market for essential oils. In addition, regulations imposed by the Consumer Product Safety Commission on air fresheners and scented candles, as well as limitation about the use of essential oils to special conditioned people are anticipated to restrain the growth of the global aromatherapy products market during the forecast period. People with asthma should not use essential oils unless doctor instructs.
Aromatherapy is frequently used as medicine in France, Germany, UK, Austria, and Switzerland, where there is a particularly robust market for it. Although it is still unusual, there is an increase in the number of licensed practitioners in UK. Aromatherapy is mostly utilized for holistic or aesthetic purposes and is marketed as cosmetics in the majority of other West European countries.
The aromatherapy products market size was valued at $2,345.1 million in 2021.
9.0% is the CAGR of aromatherapy products Market.
You can request sample report of aromatherapy products Market from www.alliedmarketresearch.com or call our sales representatives on +1-800-792-5285 ( U.S. - Canada toll free ), Int'l : +1-503-894-6022, + 44-845-528-1300 ( Europe ). You can drop us an email at help@alliedmarketresearch.com for sample.
2022-2031 is the forecast period in the market report.
d?TERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils and FLORIHANA some of the top companies in the aromatherapy products Market.
The market is segmented on the basis of form, product, application, distribution channel and region.
Rise in demand for natural oils for pain relief and relaxation therapies and growing popularity for the aromatherapy practices are upcoming trends in aromatherapy products Market.
By application, relaxation and sleep segment will dominate the market by the end of 2031.
COVID-19 positively impacted the growth of the market due to rise in cases of the depressions, anxiety and insomnia disorders in pandemic period. Furthermore, increased popularity for the aromatherapy practices were majorly attributed for the increased growth for the aromatherapy products in COVID-19 period.
Loading Table Of Content...
