Aromatherapy Market Worth $4.7 Billion By 2030 | CAGR: 11.9%

Aromatherapy Market Growth & Trends

The global aromatherapy market size is anticipated to reach USD 4.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2023 to 2030. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.

Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.

The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.

The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.

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Aromatherapy Market Report Highlights

• The demand for aromatherapy diffusers is expected to witness growth at an estimated CAGR of 8.8% from 2021 to 2028 owing to the growing preference for diffusers as they help in gaining the therapeutic benefits from essential oils

• The relaxation application segment accounted for 23.2% of the global revenue share in 2020 on account of an increase in the number of people suffering from stress and anxiety coupled with a growing preference for natural treatment to get relief from stress

• The e-commerce distribution channel segment is anticipated to witness growth at a CAGR of 12.2% over the forecast period on account of benefits associated with this channel, such as convenience, availability of a wide range of products, and ease-of-buying

• In September 2020, Stadler Form Aktiengesellschaft expanded its products offerings by launching Zoe, a glowing energy-efficient aroma diffuser that uses ultrasound technology to emit essential oils in the room

Aromatherapy Market Segmentation

Grand View Research has segmented the global aromatherapy market on the basis of product, mode of delivery, application, distribution channel, end-use, and region:

Aromatherapy Product Outlook (Revenue, USD Million, 2018 - 2030)

• Consumables

  • Essential Oils

    • Singles

      • Herbaceous

      • Woody

      • Spicy

      • Floral

      • Citrus

      • Earthy

      • Camphoraceous

      • Others

    • Blends

  • Carrier Oils

• Equipment

  • Ultrasonic

  • Nebulizing

  • Evaporative

  • Heat

Aromatherapy Mode of Delivery Outlook (Revenue, USD Million, 2018 - 2030)

• Topical Application

• Aerial Diffusion

• Direct Inhalation

Aromatherapy Application Outlook (Revenue, USD Million, 2018 - 2030)

• Relaxation

• Skin & Hair Care

• Pain Management

• Cold & Cough

• Insomnia

• Scar Management

• Others

Aromatherapy Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• DTC

  • Retail

  • E-commerce

• B2B

Aromatherapy End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Home Use

• Spa & Wellness Centers

• Hospitals & Clinics

• Yoga & Meditation Centers

Aromatherapy Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Singapore

  • Australia

• Latin America

  • Argentina

  • Mexico

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Aromatherapy Market

• d?TERRA

• Young Living Essential Oils

• Edens Garden

• Mountain Rose Herbs

• Plant Therapy Essential Oils

• Rocky Mountain Oils, LLC

• FLORIHANA

• Falcon

• Biolandes

• Stadler Form Aktiengesellschaft

• Hubmar International

• SpaRoom