The global aromatherapy products market revenue was around US$ 2.5 billion in 2022 and is estimated to reach US$ 5.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 9% during the forecast period from 2023 to 2031.
Aromatherapy is defined as the therapeutic application or the medicinal usage of aromatic substances (essential oils) for holistic healing. With an increase in hectic schedules and busy lifestyles, individuals seek stress-releasing and relaxing therapies. Some oils such as mandarin, lavender, and rose have a relaxing and stimulating effect on the mind and body. Oils such as lavender, known for its strong aromatic fragrance, are utilized in aromatherapy and spa sessions.
Market Driving Factors
Consumers are now more selective about how they use personal care products. In addition, various products are comparable, high-quality goods, and reasonable rates will create product loyalty. Therefore, it is expected that growing spending on research and development of better products, services, procedures, and technologies will have a positive impact on market expansion.
Health benefits offered by aromatherapy is estimated to boost the market growth. This is mainly due to the aromatherapy aids individuals feel less depressed, stressed, and anxious. Along with its role in reducing motion sickness, weight control, and supporting healthy liver and gallbladder functions, Aromatherapy also has a way of healing respiratory difficulties, cardiovascular diseases, nervous system disorders, and gastrointestinal infections to helping with weight control, minimizing motion sickness, and promoting healthy liver and gallbladder functioning.
The scarcity of essential oils, which are mostly utilized in aromatherapy activities, and the high cost of aromatherapy are estimated to hamper the market growth.
Regional Analysis
North America dominated the market in terms of the largest shares and is estimated to maintain its dominance. This can be attributed to the surged demand for the aromatherapy industry in the region. The hectic lifestyle of customers results in problems such as mental health conditions including depression, anxiety disorders, as well as high levels of stress. Additionally, unhealthy food habits, a sedentary lifestyle, and physical inactivity lead to stomach pain, headache, and high blood pressure, which causes consumers to opt for stress relief therapies such as aromatherapy, massage, and spa therapies. All of these elements boost the market growth in the region.
Asia-Pacific is estimated to dominate the market in terms of the largest shares. This is mainly due to the increasing disposable revenue, which promotes them to pay money for their well-being and health.
Segmentation Insights
Product Insight
The essential oils segment is estimated to dominate the market in terms of growth rate. This is primarily owing to the several types of essential oils utilized for aromatherapy, such as eucalyptus, orange, peppermint, corn mint, lemon, citronella, clove, lime, spearmint, and others. Furthermore, essential oil is the main and critical component of the aromatherapy products industry, therefore it is also called essential oil treatment. Moreover, the surge in the use of essential oil in aromatherapy treatments and massages is likely to contribute to the aromatherapy products market expansion.
Application Insight
The pain management segment is expected to dominate the market in terms of revenue growth. This is majorly due to the patients shifting to alternative treatments like aromatherapy items due to the ineffectiveness of oral painkillers. Additionally, numerous people are dependent on painkillers, although they frequently have negative side impacts and are ineffective sometimes. Furthermore, the lack of preference for procedures for pain management is one of the causes driving rising demand for aromatherapy products.
Distribution Channel Insight
The e-commerce segment is predicted to dominate the market in terms of the growth rate. This is majorly owing to the easy accessibility offered by online sales channels increases its adoption in the aromatherapy products market. In addition, e-commerce has become a vastly popular medium for the purchase of aromatherapy products. Thus, the easy availability of details about product specifications, time-saving features, and facility of home delivery contributes to online sales growth.
Prominent Companies
Segmentation Outline
The global aromatherapy products market segmentation focuses on the Product, Application, Form, Distribution Channel, and Region.
By Product
By Application
By Form
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL AROMATHERAPY PRODUCTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AROMATHERAPY PRODUCTS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AROMATHERAPY PRODUCTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AROMATHERAPY PRODUCTS MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 ESSENTIAL OILS
5.3 BLEND OILS
6 GLOBAL AROMATHERAPY PRODUCTS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 RELAXATION AND SLEEP
6.3 PAIN MANAGEMENT
6.4 SKIN AND HAIR CARE
6.5 OTHERS
7 GLOBAL AROMATHERAPY PRODUCTS MARKET, BY FORM
7.1 OVERVIEW
7.2 HOLISTIC
7.3 MEDICAL
7.4 OTHERS
8 GLOBAL AROMATHERAPY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
8.1 OVERVIEW
8.2 DIRECT DISTRIBUTION
8.3 MLM DISTRIBUTION
8.4 SUPERMARKET AND HYPERMARKET
8.5 PHARMACEUTICAL AND SPECIALITY STORE
8.6 E-COMMERCE
8.7 OTHERS
9 GLOBAL AROMATHERAPY PRODUCTS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL AROMATHERAPY PRODUCTS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 YOUNG LIVING ESSENTIAL OILS LC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 H. REYNAUDE & FILS
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 EDENS GARDEN
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 BIOLANDES
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 ROCKY MOUNTAIN OILS
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 FALCON ESSENTIAL OILS
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 MOUNTAIN ROSE HERBS
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 SPAROOM
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 FLORIHANA
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 D-TERRA
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 AIR AROMA
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 HUBMAR INTERNATIONAL
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 PLANT THERAPY ESSENTIAL OILS
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 STADLER FORM
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 NU SKIN
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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