Global Aromatherapy Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Growth, Region & Forecast 2023-2032
Global Aromatherapy Market
The global aromatherapy market size was estimated at USD 1,933.7
million in 2022 and is expected to grow at a compound annual growth rate (CAGR)
of 11.9% from 2023 to 2030.
The Aromatherapy Market refers to the use of essential oils and
other plant-derived compounds to improve a person's physical, mental, and
emotional well-being. Aromatherapy products are typically used through
inhalation or topical application and can be found in a variety of forms,
including essential oils, diffusers, sprays, candles, and massage oils.
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The global aromatherapy market has been growing steadily in recent
years, driven by increasing consumer interest in natural and holistic health
practices. The market is also being supported by the growing popularity of
wellness and self-care trends, as well as the rising prevalence of
stress-related disorders and chronic diseases.
Geographically, North America and Europe are the largest markets
for aromatherapy, accounting for a significant portion of the global revenue.
This is due to the high level of awareness and acceptance of natural and
alternative therapies in these regions. However, the Asia Pacific region is
expected to witness the fastest growth in the coming years, driven by
increasing disposable income, rising consumer awareness, and a growing demand
for natural and organic products. The aromatherapy market is highly fragmented,
with many small and large players operating in the market.
COVID Impact
The COVID-19 pandemic has had a significant impact on the
aromatherapy market. Here are some of the ways in which the market has been
affected:
- 1.Supply chain disruptions:
The pandemic has disrupted the global supply chain, leading to shortages
of raw materials and delays in manufacturing and shipping. This has
resulted in a shortage of essential oils and other aromatherapy products,
affecting the availability of these products in the market.
- 2.Changes in consumer behaviour:
The pandemic has led to changes in consumer behaviour, with many people
turning to aromatherapy products to manage stress and anxiety caused by
the pandemic. As a result, there has been an increase in demand for
aromatherapy products.
- 3.Shift to online sales:
With many brick-and-mortar stores closed or operating at reduced capacity,
there has been a shift to online sales. This has led to an increase in
online sales of aromatherapy products.
- Closure of spas and wellness centres: The closure of spas and wellness
centres due to the pandemic has led to a decrease in demand for
aromatherapy products in these settings.
- 5.Increase in safety and hygiene standards:
The pandemic has led to an increase in safety and hygiene standards, which
has resulted in a greater emphasis on the use of natural and organic
ingredients in aromatherapy products.
Market Segmentation:
- 1.Product Type:
Aromatherapy products can include essential oils, diffusers, candles,
incense, and bath and body products.
- Application: Aromatherapy can be used for a variety
of purposes, including relaxation, stress relief, mood enhancement, pain
relief, and skin care.
- Distribution Channel: Aromatherapy products can be sold
through various channels, including specialty stores, online retailers,
supermarkets, and department stores.
- End User: Aromatherapy products can be marketed towards individuals,
spas and wellness centres, healthcare facilities, and hotels and resorts.
- Region: The aromatherapy market can also be segmented by
region, such as North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. Each region may have different preferences,
trends, and regulations related to aromatherapy products.
Key Player:
- 1.Young Living
- 2.DoTERRA
- 3.Rocky Mountain Oils
- 4.Edens Garden
- Plant Therapy
Regional Analysis:
All the regional segmentation has been studied based on recent and
future trends, and the market is forecasted throughout the prediction period.
The countries covered in the regional analysis of the Global Aromatherapy
market report are U.S., Canada, and Mexico in North America, Germany, France,
U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest
of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia,
Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in
the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest
of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and
Argentina, Brazil, and Rest of South America as part of South America.
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• Qualitative and quantitative analysis of the market based on segmentation
involving both economic as well as non-economic factors.
- Provision of market value (USD Billion)
data for each segment and sub-segment.
- Indicates the region and segment that is
expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the
consumption of the product/service in the region as well as indicating the
factors that are affecting the market within each region.
- Competitive landscape which incorporates
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launches, partnerships, business expansions, and acquisitions in the past
five years of companies profiled.
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growth opportunities and drivers as well as challenges and restraints of
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Value Chain.
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Key Points:
- Define, describe and forecast global
aromatherapy market by type, application, end
user and region.
- Provide strategies for company to deal
with the impact of COVID-19.
- Provide enterprise external environment
analysis and PEST analysis.
- Provide market dynamic analysis,
including market driving factors, market development constraints.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy.
- Provide market entry strategy analysis
for new players or players who are ready to enter the market, including
market segment definition, client analysis, distribution model, product
messaging and positioning, and price strategy analysis.
- Keep up with international market trends
and provide analysis of the impact of the COVID-19 epidemic on major
regions of the world.
- Analyze the market opportunities of
stakeholders and provide market leaders with details of the competitive
landscape.
Frequently Asked Questions
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