Aromatherapy Market Report 2018 added by Data Bridge Market Research explores Global Aromatherapy Market size, share, key players, overview, regional outlook and growth with forecast to 2024.
Global Aromatherapy Market is expected to reach USD 8,213.1 million by 2024 from USD 4,352.1 million in 2016, growing at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market are increasing sales of essential oils for home usage, growing popularity of aromatherapy and growing trend of essential oils adoption. On the other hand, stringent approval for new essential oils may hinder the growth of the market.
Market Segmentation: Global Aromatherapy Market
The global aromatherapy market is segmented on the basis of consumables, equipment, mode of delivery, applications, end-user, distribution channel and geography. In 2017, the essential oils segment is expected to dominate the market with a share of ~71.7% and is expected to continue this trend till 2024.
On the basis of consumables the global aromatherapy market is segmented into three product type which includes essential oils, carrier oils, and blended oils. The essential oils are further sub segmented into floral, citrus, camphorous, herbaceous, spicy, earthy and woodsy.
On the basis of equipment, the global aromatherapy market is segmented into nebulizing diffuser, ultrasonic diffuser, evaporative diffuser, heat diffuser.
On the basis of mode of delivery, the global aromatherapy market is segmented into topical application, direct inhalation, aerial diffusion, and internal .In 2017, topical application market segment is expected to dominate the market.
On the basis of application, the global aromatherapy market is segmented into relaxation, insomnia, pain management, scar management, skin and hair care, cold and cough.
On the basis of end users, the market is classified into homecare, spa & wellness centers, and others. In 2017, the homecare segment is expected to dominate the market and is expected to continue this trend till 2024.
Key Drivers: Global Aromatherapy Market
Some of the major factors driving the market for aromatherapy market are growing popularity of aromatherapy, increasing trade, increasing sales of essential oils.
Growing Trend of Essential Oils Adoption
Increasing Sales of Essential Oils For Home Usage
Growing Popularity of Aromatherapy
Key Points: Global Aromatherapy Market
Young Living is going to dominate the aromatherapy market following with doTERRA, MOUNTAIN ROSE HERBS along with others such as Edens Garden, Frontier Natural Products Co-op, Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, Starwest Botanicals, Hopewell Essential Oils, North American Herb and Spice, among other companies.
Essential Oils market is growing with the highest CAGR.
Ultrasonic diffuseris holding the major share in global aromatherapy market and is growing with highest CAGR.
Topical Application is dominating the aromatherapy market and is expected to grow with the highest CAGR in the forecast period.
The home care market holds the major market share and is expected to grow with the highest CAGR in the forecast period.
