Essential Oil And Aromatherapy Market Report

Market Insights

The Global Essential Oil & Aromatherapy Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 8.2% during the forecast period.

Figure: Global Essential Oil & Aromatherapy Market Size, 2020-2026 (USD Million)

Wish to get a sample report? Click Here…

What is Essential oil & aromatherapy?

Essential oil & aromatherapy is the medicinal usage of plant-based products such as essential oils that are primarily used for healing purposes and to promote the psychological well-being of a person. It is considered one of the vital relaxation therapies and has thus gained popularity in the past few years. Moreover, it is combined with other therapeutic practices to improve the result of the therapy. It is also used to cure numerous health problems such as the common cold, acne, digestive problems, cough, etc.

Key Players

Key players operating in the global essential oil & aromatherapy market are-

• G Baldwin & Co (U.K.),
• DoTerra (The U.S.),
• Rocky Mountains Oil (The U.S.),
• Young Living Essential Oils (The U.S.),
• Mountain Rose Herbs (The U.S.),
• Thann (The U.S.),
• Ryohin Keikaku Co., Ltd. (Japan),
• Biolandes SAS (France),
• Essential Oils of New Zealand (New Zealand), and
• Falcon Essential Oils (India).

Want to know the full scope of the report? Register Here

Market Dynamics

Increasing demand for natural and unconventional treatment procedures has positively influenced market growth.

• Also, rising adoption for skin treatments further has a positive impact on the product demand and thus witnessed popularity among the working women.
• Additionally, essential oil & aromatherapy helps in improving medical and skin problems such as acne, insomnia, and menstrual problems, further boosting product consumption.
• The rising trend of relaxation therapy for improving physical disorders is further accelerating the industry's growth.

Segment Analysis

Application Trends

Based on application, the global essential oil & aromatherapy market has been bifurcated into food & beverage, medical, personal care, homecare, spa & wellness products, and others.

• Among these, the spa & wellness products segment held the highest market share in 2020 and is estimated to register a healthy CAGR during the review period.
• This is mainly ascribed to changing lifestyle of consumers worldwide coupled with a busy & hectic lifestyle that has created a need for stress-relieving therapies, thereby bolstering the segment growth.

Regional Trends

By region, the North American market accounted for the largest market share in 2020 and is likely to grow at a robust CAGR during the review period.

• This can be attributed to increasing awareness about the benefits of essential oil & aromatherapy and its health benefits, soaring spa & wellness centres, changing lifestyle, and increasing standard of living, further boosts the regional growth.
• The rising demand for relaxation therapy in the US is a key factor boosting the industry growth in the region.

COVID-19 Impact on Global Essential Oil & Aromatherapy Market

The COVID-19 pandemic has significantly affected the essential oil & aromatherapy industry due to stringent social distance and restricted movement of people. Also, the temporary and complete shutdown of spa & wellness centres across the globe further hampers the market growth. The cancelled appointments and postponing of spa appointments around the world further hinders the product demand. 

Critical Questions Answered in the Report

• What are the key trends in the global essential oil & aromatherapy market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global essential oil & aromatherapy market?
• What are the key strategies adopted by the major vendors to lead in the global essential oil & aromatherapy market?
• What is the market share of the top vendors?

Target Audience

The following is a list of the customers that the Essential Oil and Aromatherapy market aims to convert the most:

• Essential oil & aromatherapy companies
• Spas & wellness centers
• Toiletries
• Food & beverage companies
• Research Centers & Organizations

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.