Aromatherapy Products Market Size Worth USD 5.3 billion| Growing at 9% CAGR

According to a new report published by Allied Market Research, titled, "Aromatherapy Products Market," The aromatherapy products market was valued at $2.3 billion in 2021, and is estimated to reach $5.3 billion by 2031, growing at a CAGR of 9% from 2022 to 2031.

➡️𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂 :
https://www.alliedmarketresearch.com/request-sample/17247

Aromatherapy is the technique of using essential oils (EOs) and other fragrant molecules from plants to influence someone's mood or health. It is frequently linked to complementary and alternative medicine (CAM). René Maurice Gattefossé, a French chemist, first used the aromatherapy term in the 1920s.

Growing popularity for therapeutic treatments and rise in awareness regarding the benefits of aromatherapy products, such as anti-inflammatory, analgesic, antioxidant, immunoregulatory, antimicrobial, antiseptic, herbicidal, insecticidal, and anti-parasitic are likely to supplement the growth of the aromatherapy product market during the forecast period. Furthermore, people can use aromatherapy massage, body, and facial oils for various treatments, such as anxiety, depression, stress, headaches, migraines, chronic pain, acute pain, muscular and joint pain, inflammation, rheumatoid arthritis, and others.

The COVID-19 outbreak positively impacted the overall growth of the aromatherapy products market in 2020. This was attributed to increase in customer interest in employing aromatherapy to protect mental health and combat pandemic circumstances.

The aromatherapy products market is segmented into form, product, application, distribution channel, and region. On the basis of form, the market is categorized into holistic, medical, and others. By product, it is segregated into essential oils and blend oils. On the basis of application, the market is categorized into relaxation and sleep, pain management, skin and hair care, and others. By distribution channel, it is segregated into direct distribution, MLM distribution, supermarket/hypermarket, pharmaceutical and specialty stores, e-commerce, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, Malaysia, South Korea, Singapore, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Turkey, UAE, and Rest of LAMEA).

According to the aromatherapy products market trends, on the basis of form, the medical segment is estimated to reach $1,499.6 million by 2031, at a CAGR of 11.1% during the forecast period. Aromatherapy is an alternative medicine or integrative therapy that works with conventional medicine treatment. Aromatherapy uses medicinally effective aromatic essential oils to enhance physical, mental, and spiritual well-being. It improves mental and emotional wellbeing. Thus, growing preference of people for natural ingredients-based medicinal therapy and rise in awareness regarding the benefits of the aromatherapy are likely to garner growth throughout the aromatherapy products market forecast period.

➡️𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @
https://www.alliedmarketresearch.com/checkout-final/f1fb723ba0aeda3ae7ea6b0bbdb8c430

According to the aromatherapy products market analysis, by product, the essential oils segment was the significant contributor to the market, with $1,598.7 million in 2021 and is expected to grow at a CAGR of 8.7% during the forecast period. Various types of the essential oils are used for aromatherapy, such as orange, eucalyptus, cornmint, peppermint, citronella, lemon, lime, clove, spearmint, and others. Essential oil is the major and critical component of the aromatherapy products industry, thus it is also call as essential oil treatment. Henace, increase in use of essentail oil in aromatherapy masages and trements are likely to contribute for the aromatherapy products market growth during the forecast period.

According to application, the pain management segment is estimated to reach $1,539.6 million by 2031, growing at a CAGR of 9.6% during the forecast period. Patients are turning to alternative treatments like aromatherapy items owing to ineffectiveness of oral painkillers. Many people are dependent on painkillers, although they frequently have negative side effects and are ineffective sometimes. In addition, one of the factors driving up demand for aromatherapy products is lack of preference for surgeries for the pain management.

According to distribution channel, the e-commerce segment was the significant contributor to the market, with $86.7 million in 2020 and is growing at a CAGR of 12.4% during the forecast period. Easy accessibility offered by online sales channel boosts its adoption in the aromatherapy products market. E-commerce has becoming a considerably popular medium for purchase of aromatherapy products. Easy availability of information about product specifications, time-saving feature, and facility of home delivery contributes to the growth of online sales.

According to the aromatherapy products market opportunities, region-wise, Asia-Pacific garnered the considerable aromatherapy products market share in 2020, and is expected to maintain its market share during the forecast period. This is majorly attributed to growing disposable income, which promotes them to spend money on their health and well-being. In addition to this, the country's healthcare spending is rising as well, which is pushing the regional domain.

The players operating in the global aromatherapy products industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
dōTERRA, Edens Garden, Young Living Essential Oils, LC, Rocky Mountain Oils, Plant Therapy Essential Oils, FLORIHANA, Biolandes, Falcon Essential Oils, Stadler Form, Hubmar International, SpaRoom, Mountain Rose Herbs, Air Aroma, Nu Skin, and H.Reynaude & Fils.

➡️𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.alliedmarketresearch.com/purchase-enquiry/17247

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐒𝐭𝐮𝐝𝐲:
• The aromatherapy products market size was valued at $2,345.1 million in 2020, and is estimated to reach $5,328.3 million by 2030, registering a CAGR of 9.0% from 2022 to 2031.
• By form, the medical segment accounted for $542.6 million, garnering 23.1% of the global market share in 2021.
• By product, the blend oils segment acquired $746.4 million, exhibiting 31.8% of the global market share in 2021.
• By application, the relaxation and sleep segment was valued at $963.1 million, accounting for 41.1% of the market share in 2021.
• By distribution channel, the pharmaceutical and specialty stores segment acquired $299.4 million, exhibiting 12.8% of the global market share in 2021.
• The U.S. was the most prominent market in North America in 2021, and is projected to reach $1,759.6 million by 2031, growing at a CAGR of 8.3% during the forecast period.

𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐑𝐞𝐯𝐢𝐞𝐰
The aromatherapy products market in the medical sector has a lot of potential. Presently, the market revenue generated through relaxation and sleep, pain management, and skin and hair care segments are notably high and are expected grow at significant rate during the forecast period. This is majorly attributed to growing health concerns, rise in awareness regarding the therapeutic treatments and growing disposable income especially in the developing regions.

However, peppermint, lime, and lemon essential oils earned a sizable income in 2020 and are anticipated to gain sizable market share during the forecast period. At the moment, orange and cornmint oils dominate the market for essential oils. In addition, regulations imposed by the Consumer Product Safety Commission on air fresheners and scented candles, as well as limitation about the use of essential oils to special conditioned people are anticipated to restrain the growth of the global aromatherapy products market during the forecast period. People with asthma should not use essential oils unless doctor instructs.

Aromatherapy is frequently used as medicine in France, Germany, UK, Austria, and Switzerland, where there is a particularly robust market for it. Although it is still unusual, there is an increase in the number of licensed practitioners in UK. Aromatherapy is mostly utilized for holistic or aesthetic purposes and is marketed as cosmetics in the majority of other West European countries.

➡️𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Europe Aromatherapy Products Market:
https://www.alliedmarketresearch.com/europe-aromatherapy-products-market-A19164

Japan Aromatherapy Products Market:
https://www.alliedmarketresearch.com/japan-aromatherapy-products-market-A19172

China Aromatherapy Products Market:
https://www.alliedmarketresearch.com/china-aromatherapy-products-market-A19171

France Aromatherapy Products Market:
https://www.alliedmarketresearch.com/france-aromatherapy-products-market-A19169

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.