Aromatherapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

  • Single User License $3500

Aromatherapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Status : November, 2021 | Pharmaceutical

Report Digest


Global Aromatherapy Market: Overview

The global aromatherapy market is pegged to capture handsome amount in the form of revenues during the forecast period of 2019 to 2029. This growth is attributed to the growing awareness among major population from all across the world about the therapeutic use of essential oils. Generally, these essential oils are extracted from plants. After that, these oils go through natural processing to form organic products, which are nontoxic and safe to inhale.

Broadly, the segmentation of the global aromatherapy market is performed on the basis of product, mode of delivery, application, end-use, and region. Based on product, the market for aromatherapy is bifurcated into consumables and equipment. The consumable segmented in the global aromatherapy market is further divided into essential and carrier oils.

Global Aromatherapy Market: Growth Dynamics

In recent years, major population from all across the world is inclined toward the use of natural healing procedures. Aromatherapy is gaining popularity as alternative to pharmaceutical drugs as it has no adverse effects. This factor is stimulating the growth of the global aromatherapy market. The market for aromatherapy is gaining stupendous demand avenues from various end-users such as hospitals and clinics, spa and wellness centers, and yoga and meditation centers. Besides, this therapy is widely performed in home settings as well.

In recent times, various hospitals and clinics are adopting aromatherapy owing to its effectiveness and noninvasive nature. The technique is gaining traction owing to its ability to improve blood circulation and assist in swift recovery. Besides, it is helpful to ease digestion and reduces stress, anxiety, and nausea. Owing to all these benefits, the global aromatherapy market is witnessing remarkable expansion avenues.

Global Aromatherapy Market: Competitive Analysis

The global aromatherapy market is fairly fragmented in nature. Presence of numerous small as well as well-established vendors signifies that the competitive landscape of the market for aromatherapy is highly intense. Vendors working in this market are consistently engaged in the research and development activities. This move enables enterprises to launch innovative and superior quality products. In addition to this, several vendors are focused on strengthening their distribution channels. To achieve this motive, they are entering into partnership agreements. All these activities connote that the global aromatherapy market will flourish during forthcoming years.

The list of important players in the global aromatherapy market includes:

  • Young Living Essential Oils
  • dōTERRA, Edens Garden
  • Rocky Mountain Oils
  • Frontier Natural Products Co-op
  • Plant Therapy Essential Oils
  • Rocky Mountain Oils, LLC
  • FLORIHANA
  • Biolandes

Global Aromatherapy Market: Regional Assessment

The global aromatherapy market is spread across four key regions, namely, North America, Asia Pacific, Europe, and Middle East and Africa. Of them, North America is one of the lucrative regions for the market for aromatherapy. One of the key reasons for this growth is the presence of significant number of well-established players in the region. Young Living Essential Oils, doTERRA International, and Frontier Natural Products Co-op are some of key companies present in this region with extensive product portfolio.

The market for aromatherapy is expected to show prominent growth in Europe. Some of the key reasons for this growth are rising import and export of aromatherapy products in European countries and growing awareness regarding this process as an alternative medicinal therapy. In addition to this, the aromatherapy market in Europe is projected to get the advantage of improved disposable income and purchasing power of the major population living in this region.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?