Aromatherapy Market - Global Industry Analysis

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Aromatherapy uses plant resources, comprising essential oils and other compounds, to improve the physical or psychological well-being of people. It is also practiced as a form of alternative medicine or as a complementary therapy. Though, the competence of aromatherapy to offer medical treatments remains uncertain, due to an appropriate lack of research.

The global aromatherapy market is primarily driven by changing modern lifestyle-linked problems, such as stress, sleep disturbances, etc., which has led to an increase in the practice of aromatherapy, thus expanding this market. The purpose of varied essential oils is improving immunity, treating breathing disorders, and combating cold. One of the foremost growth drivers in the global aromatherapy market is the rising usage of aromatherapy at home, mainly due to its convenience, cost-effectiveness, and privacy. However, the side-effects of aromatherapy might limit this market’s growth in the future. Although it has many health benefits, in some cases it has some intrinsic problems that could lead to certain side effects. Lack of an appropriate course of action and misclassification of essential oils might hinder the global aromatherapy market expansion.

The aromatherapy market has been fragmented into the product, mode of delivery, and application. By product, the aromatherapy market is segmented into consumables and equipment. The consumable segment is further segmented into essential oils and carrier oils. The essential oils include singles and blends. The singles segment is sub-segmented into herbaceous, woody, spicy, floral, citrus, earthy, camphoraceous, and others. The equipment segment is also fragmented into ultrasonic, nebulizing, evaporative, and heat. Among these, the consumables segment held the largest market share in 2016 and is expected to continue its dominance during the forecast time period. This growth is due to the increased healing application of essential oils for multiple diseases and conditions. Based on the mode of delivery, this global market is divided into the topical application, aerial diffusion, and direct inhalation. The topical application segment is estimated to dominate the global aromatherapy market in the future due to its ability to fight against skin-associated issues. Therefore, people with skin-associated issues mostly prefer applying the product topically. Based on application, the aromatherapy market is segmented into relaxation, skin and hair care, pain management, cold and cough, insomnia, scar management, and others. Among these, the relaxation segment held the major market share in 2016, owing to the rising number of people suffering from anxiety, stress, and insufficient sleep. Most people prefer the natural way of treatment, i.e., aromatherapy to manage stress.

By geography, the global aromatherapy market is divided into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. The Asia Pacific is estimated to lead the global aromatherapy market in the upcoming years, due to the growing number of burn accidents in India. North America market is assessed to account for a remarkable share in the global aromatherapy market during the forecast time period, owing to growing awareness about health benefits of aromatherapy.

The report includes comprehensive profiles of major players operating in the global aromatherapy market, such as Edens Garden, Plant Therapy Inc., Thann-Oryza Co., Ltd., doTERRA International, Frontier Natural Products Co-op., Mountain Rose Herbs, G Baldwin & Co., Ouwave Aroma Tech (Shenzhen) Co., Ltd., RyohinKeikaku Co., Ltd. (Muji), Young Living Essential Oils, and Zija International.