Growing Demand for Natural Remedies Boosts the Global Aromatherapy Market

Aromatherapy uses essential oils extracted from flowers, herbs, and other plants to promote health and well-being. The essential oils are extracted through steam distillation or other methods and promote relaxation, relieve stress and pain, and boost immunity when inhaled or applied topically. The demand for natural remedies as an alternative to synthetic drugs and medications is driving the growth of aromatherapy globally.

The global aromatherapy market is estimated to be valued at US$ 6.39 billion in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Key Trends:
Growth of the Aromatherapy Market is Accelerated by the Increasing Popularity of Natural Remedies

The use of aromatherapy as an alternative to conventional medicine is witnessing significant growth driven by increasing consumer preference for natural remedies. Factors such as the growing awareness about the side effects of synthetic drugs and medications coupled with the perceived safety of essential oils is fueling the demand. Furthermore, aromatherapy has proven benefits for conditions such as stress, anxiety, insomnia, pain relief, respiratory problems thereby supplementing mainstream medical treatments. The increasing availability of a wide range of aromatherapy products through e-commerce platforms and specialty stores has further popularized aromatherapy globally.
Segment Analysis
The global aromatherapy market is dominated by the essential oils segment. Essential oils have been used for aromatherapy purposes for centuries and their uses are well documented. Essential oils offer various health benefits such as improving mood, reducing stress and anxiety, boosting energy levels, and improving sleep quality. Their anti-bacterial, anti-fungal and soothing properties also make them effective in providing relief from various physical ailments. This widespread awareness and proven benefits have made essential oils the preferred product type in aromatherapy.

Key Takeaways
The global aromatherapy market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis
North America currently dominates the global aromatherapy market and is expected to maintain its lead over the forecast period. High consumer health awareness and affordability make the US one of the largest markets for aromatherapy globally. The popularity of natural remedies and growth of essential oil diffusers in homes and public spaces are fueling market growth.

Key players
Key players operating in the aromatherapy market are doTERRA International, Koninklijke DSM N.V., International Flavors & Fragrances Inc., Symrise, Eden Garden, Young Living Essential Oils, Frontier Natural Products Corporation, Rocky Mountain Oil, Mountain Rose Herbs, Plant Therapy Inc., Thann-Oryza Co. Ltd, G Baldwin & Co., Ouwave Aroma Tech Co. Ltd, RyohinKeikaku Co. Ltd, and Isagenix International LLC.

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