Pune, India -- (SBWIRE) -- 07/05/2018 -- Global Aromatherapy Market Segmentation:
Global Aromatherapy Market By Consumables {Essential Oils (Floral, Citrus, Herbaceous, Spicy, Woodsy, Earthy, Camphorous), Carrier Oils, Blended Oils}, Equipment (Nebulizing Diffuser, Ultrasonic Diffuser, Evaporative Diffuser, Heat Diffuser), Mode of Delivery (Topical Application, Direct Inhalation, Aerial Diffusion, Internal), Application (Relaxation, Insomnia, Pain Management, Scar Management, Skin and Hair Care, Cold and Cough), Distribution Channel (Retailers and wholesalers, Online), End-User (Home care, Spa & Wellness Centers), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Report Analysis:
Global Aromatherapy Market is expected to reach USD 8,213.1 million by 2024 from USD 4,352.1 million in 2016, growing at a CAGR of 8.4% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Aromatherapy Market Drivers:
Some of the major factors driving the market for aromatherapy market, such as growing usage of essential oils, growing adoption of essential oils for home usage, growing disposable income are fuelling the growth of this market.
Growing Trend of Essential Oils Adoption
The essential oils are the plant extracts that are used in countless applications such as cleaning, personal care products, pest control products, over the counter medications among others. The essential oils apart from evoking thoughts have various advantages like relaxation, rejuvenation, healing, and other advantages. Apart from their usage for the betterment of health, effective treatment of a wide range of common health issues such as nausea and migraines. They are also used in the food industry due to its various characteristics like preservative potency against food borne pathogens, antimicrobial, antibacterial, and antifungal properties. The usage of aromatherapy as a complementary care is growing owing to characteristics which include promoting healing of the patients and coping with some of the side effects of the cancer.
Increasing Sales of Essential Oils for Home Usage
The consumers around the world are shifting towards herbal products for treatment of skin diseases as compared to the synthetic drugs and medicine. The essential oils have advantages such as it is purely natural and does not have side effects when taken under proper guidance. The demand from the consumer perspective for the essential oils is increasing. The people are shifting and looking for ways to use essential oils for relaxation purposes, as people do not want to use pills and over the counter medicine. A research from Iowa-based personal care manufacturer Aura Cacia states that the sales of the essential oils increased by 90% between 2009 and 2012. During the same period, the share of essential oils products for household doubled from 6% to 12%. The demand of essential oils for natural and holistic alternatives for household products, personal care among others is contributing to the growth of the essential oils.
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Global Aromatherapy Market Major Players:
Some of the major players operating in this market are:
doTERRA,
Young Living Essential Oils,
MOUNTAIN ROSE HERBS,
Edens Garden,
Frontier Natural Products Co-op,
Rocky Mountain Oils,
LLC,
Plant Therapy Essential Oils,
Starwest Botanicals,
Hopewell Essential Oils,
North American Herb and Spice,
among other companies.
Young Living Essentials:
Established in 1994 and headquartered in Lehi, Utah, U.S., Young Living Essential Oils specializes in producing and providing pure, powerful essential oils. The company has seven business segments—new and seasonal, essential oils & blends, at home, healthy & fit, personal care, diffusers& accessories, and animal care. The essential oils and blends segment focuses on providing products such as essential oil singles, essential oil blends, roll-ons, massage oils, collections, diffusers & tools, accessories, dietary essential oils. Young Living Essential Oils mission is to honor their stewardship to champion nature's living energy, essential oils, by fostering a community of healing and discovery while inspiring individuals to wellness, purpose, and abundance.
doTERRA:
Founded in 2008 and headquartered in Pleasant Grove, Utah, U.S., doTERRA is involved in manufacturing and distribution of high quality Certified Pure Therapeutic Grade (CPTG) essential oils. The company operates in two segments essential oils and other products. Essential oils segment focuses on providing single oils, proprietary blends, d?terra on guard products, deep blue products, digestzen products. doTERRA mission is of sharing therapeutic-grade essential oils with the world.
The company has its footprint worldwide with its locations in 17 countries across North America, Latin America, Asia Pacific, Eastern Europe, Middle East and Africa.
Recent Developments:
- In June 2016, doTERRA expanded in Canada with two new distribution centres. The expansion will serve as a client base and bring continual growth and opportunities throughout the world.
- In April 2012, doTERRA expanded itself in Japan. This expansion would act as a growth driver as Taiwan acts as a prime location with highly accessible, executive offices and vibrant product stores.
MOUNTAIN ROSE HERBS:
Founded in 1987 and headquartered in Eugene, Oregon, U.S., MOUNTAIN ROSE HERBS is involved in the manufacture and sales of organic herbs & spices, organic body care products, organic teas, natural health. MOUNTAIN ROSE HERBS operates on following business areas as herbs and spices, teas, aromatherapy, ingredients, health, bath and body, containers, home goods, specials. Aromatherapy segment offers products such as aroma oil blends, aroma sprays, candles, diffusers and burners, essential oils, hydrosols, kits and samples.
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Table of Contents:
1. INTRODUCTION
2. MARKET SEGMENTATION
3. MARKET OVERVIEW
4. EXECUTIVE SUMMARY
5. PREMIUM INSIGHTS
6. GLOBAL AROMATHERAPY MARKET, BY CONSUMABLES
7. GLOBAL AROMATHERAPY MARKET, BY EQUIPMENT
8. GLOBAL AROMATHERAPY MARKET, BY MODE OF DELIVERY
9. GLOBAL AROMATHERAPY MARKET, BY APPLICATION
10. GLOBAL AROMATHERAPY MARKET, BY DISTRIBUTION CHANNEL
11. GLOBAL AROMATHERAPY MARKET, BY END USER
12. GLOBAL AROMATHERAPY MARKET, BY GEOGRAPHY
13. GLOBAL AROMATHERAPY MARKET, COMPANY LANDSCAPE
14. COMPANY PROFILES
This Report Consists of:
- No of pages: 350
- No of Figures: 77
- No of Tables: 257
Frequently Asked Questions:
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Aromatherapy Market?
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