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2021
Aromatherapy Market

Aromatherapy Market Global Opportunity Analysis and Industry Forecast, 2020-2027

A10870
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Dec 2021 | 150 Views
   
Author(s) : Onkar Sumant
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COVID-19

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Aromatherapy is a holistic healing treatment that uses natural plant extracts to promote health and well-being. Sometimes it’s called essential oil therapy. Aromatherapy uses aromatic essential oils medicinally to improve the health of the body, mind, and spirit. It enhances both physical and emotional health. Aromatherapy is thought of as both an art and a science. Recently, aromatherapy has gained more recognition in the fields of science and medicine.

Aromatherapy has an array of benefits. It’s said to:

  • manage pain
  • improve sleep quality
  • reduce stress, agitation, and anxiety
  • soothe sore joints
  • treat headaches and migraines
  • alleviate side effects of chemotherapy
  • ease discomforts of labour
  • fight bacteria, virus, or fungus
  • improve digestion
  • improve hospice and palliative care
  • boost immunity

Market scope and structural analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product Type, Application, End-user, Region.

  Regions covered

•North America (U.S., Canada, Mexico)

•Europe (France, Germany, UK, Italy, Spain, Rest of Europe)

•Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)

•LAMEA (Brazil, South Arabia, South Africa, Rest of LAMEA)

  Companies covered

dōTERRA, Edens Garden, Young Living Essential Oils, Frontier Natural Products Co-op, Rocky Mountain Oils, Rocky Mountain Oils, LLC, Plant Therapy Essential Oils, FLORIHANA, Biolandes, and Falcon Essential Oils.

 

Covid-19 Scenario analysis:

The ongoing coronavirus (COVID-19) outbreak has seen a surge in demand for essential oils with claims of antiviral and antibacterial effects, although the industry has warned there are no sufficient evidence of its efficacy against the pandemic. It is, no doubt, a very stressful and anxious time on a global level as the novel coronavirus (COVID-19) continues to spread. There are still many unknowns, and as we adjust to this new normal, finding healthy, sustainable ways to cope will become increasingly important. The evidence-based use of essential oils in aroma therapeutic formulas is one such tool that can be used to help manage some of the symptoms that are the result of this collective anxiety, including stress and insomnia, as well as boost energy and focus during this very difficult period. Self-care will become paramount, boosting the market and making the industry skyrocket.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Multiple applications:

Aromatherapy is a therapy used for the treatment of several diseases such as cardiovascular disorders, anxiety, insomnia, wound healing, and skin-related problems. It uses aromas and aromatic oils for their healing properties. Also aromatherapy is an alternative medicine therapy used to treat disorders like skin-related problems, pain management, insomnia, cardiovascular and respiratory disorders, digestion problems, cold and cough, immune system functioning, anxiety, and wound healing. Aromatherapy uses aromatic oils and other aroma compounds for improving psychological or physical well-being. Essential oils are extracted from plants and are processed naturally to form organic products. These products are non-toxic and safe for inhalation and have the potential to be natural cleansers and an antibacterial remedy when ingested. According to Plastic and Aesthetic Research, burns cause one million accidents every year in Brazil. Aromatherapy has proved to be highly effective in burn pain. Pharmaceuticals have various adverse effects and thus people are leaning towards naturally developed products. Therapeutic grade essential oils positively impact the overall wellness of the patient. For instance, rosemary oil can cure a person suffering from both headache and cold and cough, if inhaled. In addition, it is good for skin and hair if used topically. The market is driven by the increase in adoption of essential oils as therapeutic agents for treating various diseases, growing use of aromatherapy at-home, increasing consumer preference toward natural products, and growth in lifestyle diseases.

Organic and non-toxic with no side-effects:

Essential oils are extracted from plants and are processed naturally to form organic products. These products are nontoxic, hence, safe for inhalation. As a result, aromatherapy is used as an alternative to pharmaceutical drugs. Numerous adverse effects associated with pharmaceuticals are encouraging the use of these naturally developed products. For instance, rosemary oil can cure a person suffering from both headache and cold and cough, if inhaled. In addition, it can be a good skin and hair care solution if used topically. Furthermore, pharmaceuticals might damage healthy cells along with the diseased ones, for instance, in case of cancer therapy. Thus, extensive research is being carried out to study the benefits of essential oils in the management of brain cancer due to the fact that the molecular size of many drugs is large, which makes them ineffective as a treatment solution. On the other hand, essential oils have tiny sized molecules that work effectively without harming the brain. Thus, these products, as a naturally processed medicine have immense potential in treating chronic diseases without damaging the surrounding tissues.

Restrains:

Scientific evidence for aromatherapy is considered to be limited in some areas. Most essential oils are safe to use. But there are some precautions to be taken while using them as well as side effects one should be aware of. Research to support the use of aromatherapy in treating Alzheimer’s disease, Parkinson’s disease, and heart disease is lacking and the lack of evidence will hamper market growth.

Key segments covered:

Segments

Sub-segments

  Product Type

  • Consumables
    • Herbaceous
    • Woody
    • Spicy
    • Floral
    • Citrus
    • Earthy
    • Camphoraceous
  • Equipment
    • Ultrasonic diffuser
    • Nebulizing diffuser
    • Evaporative diffuser
    • Heat diffuser

  Application

  • asthma
  • insomnia
  • fatigue
  • depression
  • inflammation
  • peripheral neuropathy
  • menstrual issues
  • alopecia
  • cancer
  • erectile dysfunction
  • arthritis
  • menopause

  End User

  • Hospitals
  • Spas
  • Dermatologists
  • Aroma therapist
  • Individuals home use
  • Physiologist

  Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the global aromatherapy industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global aromatherapy market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global aromatherapy market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global aromatherapy market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the aromatherapy market research report:

  • Which are the leading market players active in the Aromatherapy market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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