Market Scope

Market Research Future (MRFR) in its report on the global aromatherapy analysed that between 2017 and 2023, the market can register a CAGR of 6.18%. The expeditious spreading of awareness about healing through aroma is projected to aid the aromatherapy market to attain a valuation of USD 4.3 billion by 2023.

Market Boosters and Pitfalls

The surging cases of m is expected to shoot up the growth curve of the global aromatherapy market. The incredible method of healing through aroma using essential oils, is a non-invasive method, hence, is gaining high prominence among people. This is widening the rate of adoption of aromatherapy. As chemically processed medicines and surgeries are crucial to eliminate disorder from the system, so advantageous is aromatherapy as it boosts the immunity of the body. As a result of its long-term health benefits, aromatherapy is being widely accepted. These factors are spotted to reinforce the aromatherapy market growth over the evaluation period. Other market drivers are identifies as, surge in geriatric populace and hike in the healthcare expenditure.

However, the arising confusion in proclamation of different health benefits promised by different brand and intensification of governmental regulations can hinder the expansion of the aromatherapy and essential oils market.


Competition Outlook

Muji, Nu Skin, Tree of Life, Neal's Yard Remedies, NOW Foods, Young Living, Air Aroma, doTERRA, and Zija International are notable industry participants of the global aromatherapy market. Launch of new products and associated stationery are being launched by players for promoting the alternative form of treatment.

Industry News

Aromafloria, the US based producer of bath and body products, has launched aromatherapy based products in its new product line of Cannafloria Essentials. It contains cannabis terpenes which gives the solutions a distinct aroma.

Segmentation

The global aromatherapy market is segmented by product, application, and therapeutic application.

By product, it is segmented into essential oils, carrier oils & blended oils, equipment, and others. Essential oils are further segmented into herbaceous/camphoraceous, green/vegetative, spicy, citrus, floral, and others. Ultrasonic diffuser, heat diffuser, and nebulizer diffuser are other segments subsumed within the equipment segment.

By application, it is segmented into aerial diffusion, inhalation, and tropical.

By therapeutic application, it is segmented into skin and hair care, relaxation and sleep, pain management, and others.

Regional Analysis

Asia Pacific (APAC), North America, Europe, and the Middle East & Africa (MEA) are the regions discussed with respect to the market report.

North America is estimated to be one of the profitable regions for the global aromatherapy market till 2023 due to consumers opting for the treatment in the U.S. The large population and their high expendable income levels are major growth drivers of the region.

Europe is the second-largest region with France and Italy proving to be the revenue generators. Pursuance of healthy lifestyles as well as renewed interest among the people residing in the region are prime factors driving market growth. The inclusion of essential oils by popular cosmetic brands can boost the global aromatherapy market demand.

The APAC region can display a robust CAGR during the forecast period driven by consumer demand in China and India. Rising number of accidents combined with the use of oils for treating burns and scars as natural remedies can bode well for the market. Furthermore, old traditions and rituals in addition to the large number of tourists visiting for experiences can bode well for the region.

Lastly, the MEA region can contribute to the market due to the regions of Saudi Arabia and UAE. Efforts by respective governments for promoting tourism can be a viable factor for the expansion of the global aromatherapy market in the region.


Read more @ https://www.marketresearchfuture.com/reports/aromatherapy-market-3241

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