Aromatherapy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024
Zion Market Research, the market research group announced the analysis report titled 'Aromatherapy Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024'.
Sarasota, FL -- (SBWire) -- 06/29/2018 --Global Aromatherapy Market: Overview
Aromatherapy treatment uses plant materials and aromatic plant oils, including essential oils and other aroma compounds for improvising psychological or physical well-being. It can be offered as a complementary therapy or as a form of alternative medicine. However, evidence for the efficiency of aromatherapy to provide medical treatments remains poor, with a proper lack of studies employing rigorous methodology.
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Global Aromatherapy Market: Growth Factors
The modern lifestyle has ushered problems such as sleep disturbances, stress etc. which has led to an increase in the use of aromatherapy, thereby inflating the market. The reason behind this is that many of the essential oils can increase immunity, combat cold, and breathing disorders. One of the major drivers for this market is the increasing use of aromatherapy at home. The reasons for the high demand for aromatherapy at home are privacy, convenience and cost factors. The major factor that hinders the growth of this market is the side effects related to aromatherapy. Despite the numerous health benefits, aromatherapy has few inherent problems that may cause certain side effects if administered without adequate knowledge. Lack of proper guidelines and misclassification of essential oils may act as restraining factors for the growth of the global aromatherapy market.
Global Aromatherapy Market: Segmentation
The global aromatherapy market is segmented on the basis of product. Based on the product, the market has been segmented into essential oils, equipment, and application and by the therapeutic application. The essential oils segment is sub-segmented into floral, citrus, green/vegetative, herbaceous/camphoraceous, spicy and others. The equipment segment is sub-segmented into nebulizer diffuser, ultrasonic diffuser and heat diffuser. The application segment is sub-segmented into tropical, inhalation and aerial diffusion. The therapeutic application segment is sub-segmented into relaxation and sleep, pain management, skin and hair care, and other remedies. The essential oils segment accounts for approximately 70% of the market, of which the citrus oil sub-segment leads the market. The tropical mode is the most preferred delivery method, particularly for treating skin conditions and pain. Aerial diffusion methods will witness the highest demand during the forecast period due to growing popularity and resulting adoption of aromatherapy in-home care.
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Global Aromatherapy Market: Regional Analysis
North America accounts for the maximum market share which is led by the U.S. due to its high per capita disposable income and greater expenditure on healthcare followed by Europe, the second largest market. The European market is expected to be led by France followed by Germany. Asia Pacific region is anticipated to be the fastest growing region because of large unmet needs which are likely to be met by the emerging economies like China and India. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.
Global Aromatherapy Market: Competitive Players
Some of the major players operating in the global aromatherapy market are doTERRA International, Edens Garden, Frontier Natural Products Co-op., G Baldwin & Co., Mountain Rose Herbs, Ouwave Aroma Tech (Shenzhen) Co., Ltd., Plant Therapy Inc., Ryohin Keikaku Co., Ltd. (Muji), Thann-Oryza Co., Ltd., Young Living Essential Oils and Zija International among others.
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