Global Aromatherapy Market to Surpass US$ 8,763.3 Million by 2027, Says Coherent Market Insights (CMI)

SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the Global Aromatherapy Market is estimated to be valued at US$ 5,054.9 million in 2020 and is expected to exhibit a CAGR of 8.2% over the forecast period (2020-2027).

Key Trends and Analysis of the Global Aromatherapy Market:

Key trends in the market include increasing incidences of chronic and life threatening diseases such as diabetes, cancer, cardiovascular diseases and other, increasing approval of novel product and increasing collaborations and acquisitions among key players. These are expected to aid in growth of the market.

For instance, in November 2017, Plant Therapy Essential Oils launched Kid Safe line of essential oils, a complete set of essential oils specially formulated for children. This product launch has led to the expansion of the company in its KidSafe line.

Furthermore, increasing R&D activities in essential oils is expected to drive the global aromatherapy market during the forecast period. For instance, in August 2020, researchers from Albany College of Pharmacy and Health Sciences, U.S., reported that carvacrol-rich thymus vulgaris essential oil can be effective in the prevention and management of fungal infections and topical inflammation.

Furthermore, Key players operating in the global aromatherapy market are focusing on adoption of inorganic growth strategies such as acquisition and collaboration in order to increase their market presence in the global market. For instance, For instance, in 2017, Young Living Essential Oils acquired Life Matters, a wellness company in the direct selling industry.

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Key Market Takeaways:

The global aromatherapy market is expected to exhibit a CAGR of 8.2% over the forecast period. This is owing to increasing incidences of cardiovascular diseases. For instance, according to the World Health Organization 2017 report, an estimated 17.9 million people died due to cardiovascular diseases (CVDs) in 2016, representing 31% of all global deaths, out of which, around 85% deaths are caused due to heart attack and stroke.

Competitive Landscape:

Key players operating in the global aromatherapy market include doTERRA, Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Frontier Natural Products Co-op. (Aura Cacia), Rocky Mountain Oils, Plant Therapy Essential Oils, YGYI, Inc., and MONQ, LLC.

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Market Segmentation:

• Global Aromatherapy Market, By Product Type:
  • Consumables
    • Essential Oils
      • Floral
      • Citrus
      • Herbaceous
      • Spicy
      • Woodsy
      • Earthy
      • Camphorous
      • Others
    • Blended Oils
    • Carrier Oils
  • Equipment (Diffusers)
    • Nebulizing Diffuser
    • Ultrasonic Diffuser
    • Evaporative Diffuser
    • Heat Diffuser
• Global Aromatherapy Market, By Mode of Delivery:
  • Topical Application
  • Direct Inhalation
  • Aerial Diffusion
• Global Aromatherapy Market, By Application:
  • Relaxation
  • Insomnia
  • Pain Management
  • Scar Management
  • Skin & Hair Care
  • Cold & Cough
  • Others
• Global Aromatherapy Market, By Region:
  • North America
    • By Country
      • U.S.
      • Canada
  • Latin America
    • By Country
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country
      • South Africa
      • Central Africa
      • North Africa

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