Aromatherapy Market to Cross $5.29 billion Revenue by 2030

Aromatherapy Market Overview

“The Aromatherapy Market Predictable at $1.62 billion in 2022, is estimated to increase at a CAGR of 10.58% from $2.09 billion in 2023 to $5.29 billion by 2030.”

The COVID-19 pandemic has impacted consumer preferences for aromatherapy, causing a decline in medical tourism and cosmetic operations. However, with improved scientific evidence supporting its effectiveness in pain relief, the market is expected to rapidly grow in the coming years.

The market for essential oils and aromatherapy products is regulated by macro and industry norms, with hospital-based programs in developed countries driving market expansion. Inhalation aromatherapy for insomnia treatment represents a significant market advance.

Aromatherapy is a holistic treatment using essential oils extracted from plants to promote physical, mental, and spiritual wellness. It improves both physical and emotional health. The aromatherapy industry is expected to grow due to its wide range of applications and minimal negative effects. The market will expand as more people become aware of the benefits of essential oils, especially for skin diseases and acne.

Aromatherapy is a holistic treatment using essential oils extracted from plants to promote physical, mental, and spiritual wellness. It improves both physical and emotional health. The aromatherapy industry is expected to grow due to its wide range of applications and minimal negative effects.

 The market will expand as more people become aware of the benefits of essential oils, especially for skin diseases and acne. Aromatherapy, a treatment for stress, anxiety, and insomnia, is expected to experience significant growth due to its ability to generate hormones like endorphins and oxytocin, fueled by the widespread availability of essential oils and wellness professional recommendations.

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Market Dynamics

Growth Factors

The global aromatherapy industry is expected to grow significantly due to increased awareness of essential oils like lavender, cedarwood, Roman chamomile, rose, and hyssop. These oils are widely used in aromatherapy due to their therapeutic properties. Consumers' preference for natural products is also driving the industry forward, as customers increasingly seek natural products in their aromatherapy routines.

Aromatherapy is a popular treatment for various ailments, including cardiovascular disease, pain, respiratory disorders, wounds, anxiety, sleeplessness, digestion issues, immune system malfunction, and skin problems. The growing demand for aromatherapy among women due to acne and scars is expected to drive market expansion.

The growing popularity of wellness tourism is driving the demand for aromatherapy, driven by changing lifestyles, hectic schedules, and increased prevalence of physical and mental ailments, which is expected to drive the global aromatherapy market growth in the near future.

Growth Drivers

Aromatherapy is gaining popularity among Wellness Professionals

Wellness professionals like spa therapists, aroma therapists, massage therapists, and gym trainers prefer single and blended essential oils for treating insomnia, anxiety, pain, agitation, stress, and other conditions due to their minimal side effects and ability to be performed without medication.

A strong distribution network creates opportunities for rapid growth

The global aromatherapy sector is expanding due to a robust distribution network. Leading essential oil manufacturers are negotiating distribution agreements with large retail organizations, thereby broadening the reach of their products.

The growing preference of wellness professionals for aromatherapy massage for relaxation is expected to boost the revenue of the aromatherapy market.

Trends and Opportunities

The global aromatherapy market is expected to grow due to increased consumer awareness of essential oils' health benefits and demand for natural products. Mental health disorders and their use in medical settings are expected to drive the industry. The growing demand for aromatherapy diffusers and essential oils is also expected to rise in the medical setting.

During the COVID-19 pandemic, demand for aromatherapy surged due to lockdown measures, causing people to stay at home. Institutions used aromatherapy to treat COVID-19-infected patients, increasing demand in clinics and hospitals. The global aromatherapy market is expected to grow due to the use of anxiety, nausea, sadness, and insomnia. Essential oils, like eucalyptus oil and tea tree, are expected to be in high demand due to their antibacterial and antiseptic properties.

Competitive Landscape of the Aromatherapy Market

• Rocky Mountain Oil
• Mountain Rose Herbs
• Plant Therapy Inc.
• Thann-Oryza Co. Ltd
• G Baldwin & Co.
• Ouwave Aroma Tech Co. Ltd.
• RyohinKeikaku Co. Ltd.
• Isagenix International LLC
• doTERRA International
• Koninklijke DSM N.V.
• International Flavors & Fragrances Inc.
• Symrise
• Eden Garden
• Young Living Essential Oils
• Frontier Natural Products Corporation

Recent Developments in the Aromatherapy Market

In October 2022, International Flavors & Fragrances Inc. announced the opening of its new Singapore Innovation Center, the first in the company's global network of research, creative, and application centers to combine the technologies, capabilities, and expertise of all four business divisions: Nourish, Health & Biosciences, Scent, and Pharma Solutions. It is the largest IFF facility in the region, measuring over 11,000 square meters.

In September 2022, Young Living, the global leader in essential oils and essential oil-infused products, received 17 essential oil production patents in usefulness and design from the United States Patent and Trademark Office, more than any other direct sales firm in the world.

Regional Insights

Will North America maintain its lead in the global aromatherapy market?

North America is expected to maintain its lead in the global aromatherapy market due to significant market competitors and rising healthcare spending, which requires increasing public awareness of the numerous benefits of aromatherapy products.

The region's demand for aromatherapy products is driven by increasing home essential oil sales, lifestyle changes, urban population growth, and media influence.

The aromatherapy market in the United States is expected to grow due to increased awareness of alternative therapies, shifts in patient preferences towards natural treatments for stress, anxiety, and depression, and favorable legislation and regulations for essential oil farming.

The rise in internet usage in the United States is expected to increase demand for aromatherapy diffusers purchased from online retailers, presenting new business prospects for aromatherapy enterprises in the country, which has seen high demand for essential oils for years.

What is the current state of the Aromatherapy Market in Europe?

Increasing Spending Power to Fuel Market Growth

The aromatherapy market in Europe is expected to grow significantly due to its growing appeal as a therapeutic and pharmaceutical alternative. Essential oils are primarily sold in European countries like the UK, Germany, the Netherlands, Belgium, and Ireland. Europe's high prevalence of chronic pain and depression makes it a significant importer of essential oils.

Europe, a major importer of essential oils, is experiencing a significant demand for aromatherapy oils due to its high prevalence of chronic pain and depression.

How Will the Aromatherapy Market Develop in East Asia?

Latest Manufacturing Techniques and Employment Patterns in ICTs in the Region to Accelerate Market Growth

The East Asia aromatherapy market is expected to grow due to the adoption of new ideas and technology in countries like Japan and China, as well as profitable essential oil trade opportunities and an increase in various ailments.

The Chinese market is expected to expand due to the increasing popularity of aromatherapy as a therapeutic and pharmaceutical alternative, the increasing demand for organic cosmetics, pharmaceuticals, nutritional supplements, and health and wellness sectors.

The market boom is attributed to increased awareness of aromatherapy's health benefits, high essential oil output, and promising essential oil commerce prospects, along with an increase in various illnesses.

Segments Covered in Aromatherapy Market

Aromatherapy Market By Product

• Consumables
• Essential Oils
• Singles
• Herbaceous
• Woody
• Spicy
• Floral
• Citrus
• Earthy
• Camphoraceous
• Others
• Blends
• Carrier Oils
• Equipment
• Ultrasonic
• Nebulizing
• Evaporative
• Heat

Aromatherapy Market By Mode of Delivery

• Aerial Diffusion
• Topical Application
• Direct Inhalation

Aromatherapy Market By Application

• Skin and Hair Care
• Pain Management
• Relaxation
• Scar Management
• Insomnia
• Cough & Cold
• Others

Aromatherapy Market By Distribution Channel

• DTC
• Retail
• E-commerce
• B2B

Aromatherapy Market By End Use

• Home Use
• Spa & Wellness Centers
• Hospitals & Clinics
• Yoga & Meditation Centers

Aromatherapy Market By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Frequently Asked Questions:

What is the current size of aromatherapy market?

The Aromatherapy Market Predictable at $1.62 billion in 2022, is estimated to increase at a CAGR of 10.58% from $2.09 billion in 2023 to $5.29 billion by 2030.

What will be the CAGR of global aromatherapy market?

The global aromatherapy market is expected to drive growth at a CAGR of 10.58% over the forecast period 2023 to 2030.

Who are the major players operating in the aromatherapy market?

The major players operating in the aromatherapy market are doTERRA International, Koninklijke DSM N.V., International Flavors & Fragrances Inc., Symrise, Eden Garden, Young Living Essential Oils, Frontier Natural Products Corporation, Rocky Mountain Oil, Mountain Rose Herbs, Plant Therapy Inc., Thann-Oryza Co. Ltd, G Baldwin & Co., Ouwave Aroma Tech Co. Ltd., RyohinKeikaku Co. Ltd., and Isagenix International LLC.

Which are the driving factors of the aromatherapy market?

The demand for the aromatherapy is expected to rise owing to the rising prevalence of various diseases and ailments such as pain, wounds, cardiovascular diseases, musculoskeletal ailments, and respiratory diseases. Moreover, the essential oils used in aromatherapy helps to cure various skin and hair related problems.