Home > Healthcare > Medical Devices > Therapeutic Devices > Aromatherapy Market
Aromatherapy Market was valued at USD 1.9 billion in 2022 and is estimated to witness 10.9% CAGR from 2023 to 2032. Aromatherapy is a holistic healing practice that utilizes the therapeutic properties of essential oils extracted from plants to enhance physical, mental, and emotional well-being. Moreover, the rising awareness of mental health issues and the need for stress relief has led to an increased interest in aromatherapy.
For instance, Johns Hopkins University reports that approximately 9.5% of U.S. adults, aged 18 years and above, are projected to experience depressive illnesses, including major depression, dysthymia, or bipolar disorder, annually. Thus, essential oil, are believed to have calming and mood-enhancing properties making them attractive to individuals seeking holistic solutions for managing depression and improving mental wellness.
Furthermore, ongoing innovations in aromatherapy products, including diffusers, topical applications, and unique oil blends contribute to market growth. Moreover, advances in extraction methods, product formulations, and convenient delivery systems appeal to a diverse consumer base, fostering continued interest and consumption of aromatherapy products.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Aromatherapy Market Size in 2022: | USD 1.9 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 10.9% |
2032 Value Projection: | USD 5.4 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 354 |
Tables, Charts & Figures: | 864 |
Segments covered: | Product Type, Mode of Delivery, Application, End-use, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The COVID-19 pandemic spurred a surge in the aromatherapy market, as stress led to a quest for holistic remedies. Lockdowns increased the demand for psychotropic drugs and essential oils, elevating the appeal of aromatherapy products. Furthermore, the shift towards natural well-being seamlessly merged with aromatherapy's essence, penetrating healthcare for mental equilibrium coupled with pain management devices, which was valued at USD 4.0 billion in 2022. Thus, aromatherapy's adaptability and alignment with wellness trends left a lasting impact on the pandemic narrative.
The flourishing spa and wellness domain has been a pivotal catalyst in propelling the market forward. For instance, in 2020, as per estimates, the global count of spa establishments exceeded 160,000, globally. Moreover, aromatherapy seamlessly intertwines with lavish spa indulgences, soothing massages, and skin rejuvenation therapies, fostering the holistic blooming of the well-being realm. Thus, this integration aligns with consumer preferences for indulgent self-care experiences and the paramount pursuit of stress alleviation.
The market by product type is categorized into consumables and equipment. The consumables segment garnered USD 1.5 billion revenue size in the year 2022.
Therefore, these strides not only bolster the segment's supremacy but also act as catalysts for the overarching market's proliferation.
Based on mode of delivery, the aromatherapy market is segmented topical application, aerial diffusion, and direct inhalation. The topical application segment garnered USD 867 million revenue size in the year 2022.
Thus, as the clamour for natural well-being solutions escalates, topical aromatherapy is poised to perpetuate its eminence among discerning consumers.
Based on application, the aromatherapy market unfolds into distinctive domains such as mental health management, insomnia, skin & hair care, pain management, cold & cough, scar management, and other applications. Notably, the mental health management enclave exhibited its prowess by amassing a substantial revenue of USD 500 million in the year 2022.
Based on end-use, the aromatherapy market unfolds its segmentation, encompassing the domains of home care settings, yoga & meditation centers, spa & wellness centers, and hospitals & clinics. The home care settings segment garnered USD 833 million revenue size in the year 2022.
U.S. aromatherapy market accounted for USD 722 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
The aromatherapy industry is fragmented, with key players including doTERRA International LLC, Young Living Essential Oils, and others dominating the market. These companies focus on ongoing product innovation, geographical expansion, and partnerships to secure substantial market shares. For instance, in May 2023, Young Living Essential Oils enriched its aromatherapy offerings with two new products, Season Essentials and Red Cedar Bliss essential oil. This strategic expansion not only enhanced the company's portfolio but also had the potential to boost revenue significantly.
Some of the eminent market participants operating in the aromatherapy industry include:
Click here to Buy Section of this Report
By Product Type, 2018 – 2032 (USD Million & Units)
By Mode of Delivery, 2018 – 2032 (USD Million)
By Application, 2018 – 2032 (USD Million)
By End-use, 2018 – 2032 (USD Million)
The above information is provided for the following regions and countries: