The size of the world market for aromatherapy was evaluated at USD 1.6 billion in 2020, and it is anticipated to increase at a CAGR of 11.6% from 2021 to 2028. Over the projected period, the market is expected to be driven by rising consumer awareness of the medicinal applications of essential oils as well as a rising preference for natural products.
Women are often the target consumer for aromatherapy, however millennials are also a big part of this sector’s growth. The evolving trends in healing techniques are due to this group of people. Natural remedies are becoming more and more popular instead of manufactured medications. Key businesses are also launching new efforts and creating new products as a result of the shifting trends in healing therapies.
Due to the growing use of essential oils as therapeutic agents for various illness conditions, the consumables category dominated the aromatherapy market and held 78.2% of the worldwide revenue share in 2020. Essential oils and carrier oils are examples of consumables. Essential oils that interact chemically together are combined to create blended essential oils.
Essential oils are volatile organic oils that are obtained through distillation from plants. In this process, oils are extracted from various plant components, such as leaves, petals, stems, roots, or bark, using water or steam. These oils help relieve stress, treat pain, and enhance general wellness thanks to their all-natural therapeutic abilities. As a result, essential oils are regarded as complementary medicines.
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Due to the increased number of people experiencing anxiety, the relaxation category, which accounted for 23.2% of the industry’s revenue in 2020, dominated the aromatherapy market. People who use aromatherapy oils report feeling more relaxed, which helps to balance their excessive mental states. People also have a lot of concerns about managing their stress. People choose these products to relieve stress because of the trend toward natural remedies.
The market for aromatherapy products is projected to be driven by the increasing prevalence of skin conditions. Aromatherapy is frequently used by people who have skin rashes because it nourishes the skin and lowers inflammation. Because of their negative effects, people don’t always prefer synthetic products. Various skin and hair disorders can be treated with essential and carrier oils’ antifungal, antibacterial, and antiseptic characteristics.
With a 40.0% sales share in 2020, the sector for home usage dominated the aromatherapy market. Due to its non-invasive nature, aromatherapy is favoured above other therapeutic procedures. As a result, the majority of patients who are prescribed essential oils for medical conditions typically use aromatherapy items close to their residences.
Due to its established healthcare system and high healthcare spending in developed nations like the U.S. and Canada, North America dominated the market and accounted for 42.3% of global revenue share in 2020. Additionally, throughout the course of the forecast period, growing public awareness of the advantages of alternative medicines is anticipated to support regional market expansion.
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa