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Premium Report Details
Base Year: 2024
Companies covered: 20
Tables & Figures: 864
Countries covered: 19
Pages: 136
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Aromatherapy Market
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Aromatherapy Market Size
The global aromatherapy market size was estimated at USD 2.1 billion in 2023. The market is expected to grow from USD 2.4 billion in 2024 to USD 5.4 billion in 2032, at a CAGR of 11% during the forecast period. Aromatherapy is a holistic approach that is used to heal, utilizing the therapeutical properties of the essential oils derived from the plants in order to promote mental, physical, and emotional wellbeing.
The growth of the market is positively influenced by the rising awareness regarding the mental wellbeing. The growing concern regarding the mental health such as anxiety, stress, and depression is pushing the individuals to explore and adopt natural and non-invasive methods such as aromatherapy to combat such health conditions. For instance, according to the estimates, in August 2024, around 31% of the adults participated in a survey were suffering from stress across the world.
Moreover, as per the data from the BMC Medical Education, around 284 million individuals globally were suffering from anxiety disorder in 2023. The key contributors for the stress were work, money, and family related responsibilities. Therefore, as the rate of stress increases among the individuals so does the need for natural remedies such as aromatherapy, which helps in relieving the stress, enhancing the mood through the therapeutical properties of the essential oils, thereby boosting the market growth.
Moreover, the growing technological innovation in the aromatherapy devices such as automation, Bluetooth connectivity, and advancement in the formulations of essential oils is a key catalyst for the growth of the market. For instance, Nilkamal Smart Aroma Diffuser, aligns perfectly which this trend, this diffuser features Bluetooth connectivity along with ten light modes and supports apps such as Alexa. Therefore, such innovation enhances the efficacy and users’ convenience, stimulating the adoption of these devices among the individuals especially among the younger tech savvy adults’ consumers, fostering the growth of the market.
Aromatherapy Market Trends
Aromatherapy Market Analysis
Based on product, the market is segmented into consumables and equipment. Additionally, the consumables segment is further sub-segmented into essential oils, blends oils, and carrier oils. The global market was estimated at USD 2.1 billion in 2023. The consumable segment held revenues of USD 1.7 billion in the year 2023 and the segment is poised for significant growth at a CAGR of 10.9% during the forecast period.
Based on mode of delivery, the aromatherapy market is segmented into topical application, aerial diffusion, and direct inhalation. The topical application segment dominated the market and was valued at USD 954.4 million in 2023 with the revenue share of 44.5%.
Based on application, the aromatherapy market is segmented into mental health management, insomnia, skin and hair care, pain management, cold and cough, scar management, and other applications. The mental health management segment held the largest revenue of USD 552.2 million in 2023.
Based on end use, the aromatherapy market is segmented into home care settings, yoga and meditation centers, spa and wellness centers, and hospitals and clinics. The home care settings segment held the largest revenue of USD 917.3 million in 2023.
The North America aromatherapy market is forecasted to reach USD 2.2 billion by 2032. The U.S. dominated the North America market with the largest revenue of USD 794 million in 2023.
Europe: The aromatherapy market in UK is expected to experience significant and promising growth from 2024 to 2032.
Asia Pacific: Japan aromatherapy market is anticipated to witness lucrative growth between 2024 – 2032.
Middle East and Africa: The aromatherapy market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Aromatherapy Market Share
The top 5 market players of the market account for approximately 40% of the market share which includes companies such as doTERRA International, Young Living Essential Oils, Aura Cacia, Plant Therapy Essential Oils, and Edens Garden. Moreover, strategic partnerships with wellness clinics, hospitals, healthcare providers, research institutes, and government agencies play a primary role in advancing the development of products and getting the necessary permits. The development of public awareness through the social media platform regarding the therapeutical benefits of the essential oils is playing a crucial role in enhancing product development and expanding market reach, enabling market players to strengthen their position in this growing sector.
Aromatherapy Market Companies
Some of the eminent market participants operating in the aromatherapy industry include:
Aromatherapy Industry News:
The aromatherapy market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product
Market, By Mode of Delivery
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: