The global aromatherapy market is anticipated to reach USD 2.35 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the increased awareness about the therapeutic benefits of essential oils.
Aromatherapy is expected to play a significant role in the field of alternative medicines with a gradual shift from man-made drugs toward essential oils to gain therapeutic values. On the basis of a 2016 article by National Center for Biotechnology Information (NCBI), a clinical trial was conducted on 50 patients suffering from second- and third-degree burns to study the effects of essential oils inhalation. The result showed that it was significantly effective in reducing pain arising from such burn wounds. Hence, aromatherapy can be used as a complementary therapy for pain relief amongst burn patients, thereby, supporting the growth of the aromatherapy market. Some of the other therapeutic applications include skin-related problems, digestion problems, respiratory disorders, insomnia, and immune system functioning.
Essential oils also possess many factors that make them naturally healing solutions. Therapeutic grade essential oils positively impact the overall wellness of the patient. These products have the potential to be a natural cleanser and an antibacterial remedy when ingested. People are also becoming aware of the benefits offered by natural therapies as they support the body’s innate healing abilities. With experience & education, they are realizing that bacteria and viruses do not develop resistance to natural substances, the way they do in case of synthetic drugs.
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Further Key Findings From the Study Suggest:
In 2016, consumables held the largest share due to the high therapeutic value of aromatherapy products
The equipment segment is expected to witness lucrative growth over the forecast period due to the availability of new diffusers with advanced features
Topical application dominated the market in 2016 owing to the wide therapeutic applications available for the target population
Relaxation contributed to the maximum revenue for the market in 2016 owing to the increased number of people suffering from anxiety disorders and stress
Skin & hair care is anticipated to showcase lucrative CAGR over the forecast period due to increasing incidence of skin allergies
North America dominated the market in 2016 due to the huge growth of retail sector in the field of aromatherapy
Some of the key players include Young Living Essential Oils; doTERRA International; Mountain Rose Herbs; Frontier Natural Products Co-op; Edens Garden; Plant Therapy Essential Oils; and Rocky Mountain Oils
Grand View Research has segmented the aromatherapy market on the basis of product, mode of delivery, application, and region:
Aromatherapy Product Outlook (Revenue, USD Million, 2014 - 2025)
Aromatherapy Mode of Delivery Outlook (Revenue, USD Million, 2014 - 2025)
Aromatherapy Application Outlook (Revenue, USD Million, 2014 - 2025)
Skin & Hair Care
Cold & Cough
Aromatherapy Regional Outlook (Revenue, USD Million, 2014 - 2025)
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