The global aromatherapy market size was US$ 1.7 billion in 2021. The global aromatherapy market size is forecast to reach the value of US$ 4.8 billion by 2030, registering a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2022 to 2030.
Aromatherapy helps relieve pain, respiratory disorders, anxiety, cold and cough, cardiovascular disorders, skin-related problems, cold and cough, digestion problems, etc. It is a healing treatment in which natural oils from plant extracts are used to improve health.
Factors Influencing
Geographic Analysis
Regionally, North America holds the largest share in the global aromatherapy market mainly because of high disposable income and growing awareness related to the benefits of aromatherapy. Moreover, increasing cases of chronic diseases, depression and anxiety are forecast to propel regional growth in the global aromatherapy market.
Asia-Pacific is forecast to witness significant growth in the global aromatherapy market, owing to the growing awareness related to the benefits of aromatherapy and essential oils among the regional population. In addition, increasing health-related issues, skin problems, anxiety, and depression cases are forecast to have a positive impact on the global aromatherapy market.
COVID-19 Impact Analysis
Due to the COVID-19 impact, the causes of stress, anxiety, and depression increased significantly. As a result, it is forecast to increase the demand for relief and relaxation therapies. However, the demand for aromatherapies reduced. People all across the world were forced to avoid unnecessary contact. As a result, therapy providers witnessed a sudden drop in the demand for services. The demand for essential oils and self-care increased significantly due to the escalating cases of cough and cold, skin-related issues, and anxiety disorders.
Competitors in the Market
Market Segmentation
Insight by Product
Insight by Application
Insight by Region