Growing Demand for the Nature-Based Experience Aromatherapy Offers in South Korea to Boost Market Growth. By the end of 2022, aromatherapy sales will be capped at US$ 5.9 BillionIncreasing use of home aromatherapy to boost market growth 2032
NEWARK, Del., October 27, 2022 /PRNewswire/ — The global aromatherapy market is predicted to grow with a positive outlook by exhibiting growth at a CAGR of 8.1% during the projection period from 2022 to 2032. The global market is expected to be valued at around US$ 5.9 Billion in 2022 with a total estimate of approx US$ 12.9 Billion by 2032. Aromatherapy is used for various health-related benefits which is one of the major reasons to drive the growth of the industry during the assessment period. According to the historical analysis of Future Market Insights, the global aromatherapy market has witnessed a significant surge with a registered CAGR of 6.5% from 2016 to 2021.
Aromatherapy is known as a holistic therapeutic alternative or complementary treatment that uses aromatic substances such as essential oils derived from plants. Aromatherapy is known as a medicine with essential oils that help boost the health of the body, mind, and spirit. It improves both physical and mental well-being. The aromatherapy sector is expected to increase significantly in the future due to its wide range of uses and low side effects. As more people become aware of the benefits of essential oils, the market will grow, especially among patients suffering from skin diseases and acne.
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Consumer choice for aromatherapy has been greatly influenced by the Covid-19 pandemic. Owing to increasing scientific evidence supporting the many benefits conferred by aromatherapy and topical essential oil therapies for pain relief in disorders such as dysmenorrhea, the market is expected to show significant growth traction in the forecast years. There are several hospital-based aromatherapy programs that are rapidly being built in developed countries, which is another key driver expected to support the expansion of the aromatherapy market.
Key Takeaways
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Some wellness professionals including spa therapists, aroma therapists, massage therapists, and gym trainers prefer single and blended essential oils for the treatment of insomnia, anxiety, pain, restlessness, stress, and other conditions because the essential oils provide the desired therapeutic effect with minimal side effects. or no side effects. This is due to the fact that these treatments can be performed without the use of drugs.
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One of the important driving factors driving the growth of the global aromatherapy industry is known to be its strong distribution network. Various essential oil markers are working on negotiating distribution arrangements with large retail corporations to make their products available, resulting in greater penetration of aromatherapy treatments and products.
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Aromatherapies are rapidly preferred these days as their properties for relaxation are likely to contribute to the growth of the aromatherapy market’s revenue. The development of inhalation aromatherapy for the treatment of sleep issues such as insomnia is a significant advance in the market.
Competitive Landscape
Dominant aromatherapy product manufacturers are using multi-level marketing tactics to enhance product distribution and are also considering hiring a large number of independent distributors. This resulted in increased accessibility and affordability of aromatherapy goods is likely to fuel the global demand for essential oils and aromatherapy diffuser products.
An extensive marketing network of distributors is expected to benefit both global and local market participants. In addition, companies are providing their aromatherapy products online, which is expected to help the growth of the aromatherapy market.
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More Aromatherapy Market Insights
North America is expected to dominate the global aromatherapy market due to the presence of significant competitors in the regional market. Growth in the region is also attributed to rising sales of essential oils for home use, lifestyle changes, growing urban population, and increased media influence are all factors boosting demand for the products. aromatherapy in the region.
The aromatherapy market in Europe is expected to increase significantly during the forecast period. The rising popularity of aromatherapy as a therapeutic and pharmacological alternative is expected to drive the market expansion Europe. The majority of essential oils are sold in European countries including United Kingdom, Germany, the Netherlands, Belgiumand Ireland.
Key Segments Covered in Aromatherapy Industry Analysis
Aromatherapy Market by Product:
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Aromatherapy Consumables
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Aromatherapy Equipment
Aromatherapy Market by Application:
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Relaxation
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Insomnia
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Disease Management
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Scar Management
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Skin and Hair Care
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Cold and cough
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The others
Aromatherapy Market by Mode of Delivery:
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Subject Application
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Direct Inhalation
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Aerial Diffusion
Aromatherapy Market by Distribution Channel:
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Aromatherapy Products Sold in Stores
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Aromatherapy Products Sold Through Online Channels
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Direct Distribution of Aromatherapy Products
Aromatherapy Market by Region:
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North America Aromatherapy Market
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Latin American Aromatherapy Market
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Western Europe Aromatherapy Market
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Eastern Europe Aromatherapy Market
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APEJ Aromatherapy Market
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Japan Aromatherapy Market
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Middle East & Africa Aromatherapy Market
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Table of contents
1. Executive Summary
1.1. Global Market Outlook
1.2. Analysis and Recommendations
2. Market Overview
2.1. Market Scope / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Dynamics
3.1. Macro-Economic Factors
3.2. Drivers
3.2.1. Supply Side Drivers
3.2.2. Demand Side Drivers
3.3. Restraints
3.4. Opportunities
3.5. Trends
4. Market Context
4.1. Value Chain
4.2. Basic Marketing Strategies
4.3. Regulations
5. Global Aromatherapy Market Value Analysis 2016-2021 and Forecast, 2022-2032
5.1. Historical Market Value Analysis (US$ Mn), 2016-2021
5.2. Current and Future Market Value Projections (US$ Mn), 2022-2032
5.2.1. YoY Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
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