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Essential Oil & Aromatherapy Market Research – Forecast to 2023

BySaurabh Sinha

Jan 13, 2021

Market Overview

Essential oil and aromatherapy involves the medicinal usage of plant and plant-derived products for various health and wellness purposes. Essential oils are used for the healing process and for promoting the psychological mindset of individuals. It is considered as one of the most important therapies for relaxation and has gained immense popularity and demand in recent years. This therapy is also combined with various other therapeutic practices for improving the therapy results. It is used for curing various health problems like burns, common cold, digestive problems, cough, acne, and others. The positive results attained from this treatment procedure has aided the global essential oils and aromatherapy market growth.

As per the latest study report released by Market Research Future (MRFR), the global essential oils and aromatherapy market is expected to garner notable growth during the forecast period between 2019 and 2023. It is reported that the rising demand for various unconventional and organic treatment procedures has majorly impacted the growth of the market. As for the future drivers of the market, the increasing adoption of skin-based treatments is having a positive impact on the market. The booming popularity of the same among the women consumers has aided the global market massively. The therapy helps in menstrual problems, insomnia, acne, and others with absolutely no side effects.

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Key Landscape

Global Essential Oil and Aromatherapy Market Analysis comprises of various leading players, namely Rocky Mountains Oil (U.S.), Ryohin Keikaku Co., Ltd. (Japan), Young Living Essential Oils (U.S.), G Baldwin & Co (U.K.), Thann (U.S.), doTerra (U.S.) and Mountain Rose Herbs (U.S.).

March 29th, 2019, Blossom Kochhar Aroma Magic has most recently announced the launch of a new range of Help Me! Blended Curative Oils. The product is formulated with several blends of essential oils in order to promote “the art of healing and the essence of wellness.”

March 27th, 2019, Anjou, a company specializing in natural organic products, introduced the latest essential oil diffuser. It is the world’s first ever diffuser to offer constant and consistent aroma diffusion for close to 15 hours.

Market Segmentation

Global essential oil and aromatherapy market segmentation is done on the basis of flavor, product type, and application.

By product type, the market includes carrier oils, essential oils, blended oils, and others. The essential oil segment holds the leading share in this market category and is projected to hold a major share in the coming years.

By flavors, the market includes spices, fruits, flowers, herbs, and others. The fruit based flavors hold the maximum share in the market and is expected to retain its position in the coming years. The growth of the segment is based on high demand and preference from the side of the consumer.

By application, the market comprises of Personal Care (Fragrances, Cosmetics, Toiletries, and Others), Spa & Wellness Products, Homecare, Food & Beverages, Medical, and others. The personal care segment holds the largest share in this market category due to the growing demand from the consumer’s side for therapeutics skincare and hair care products.

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Regional Analysis

The geographical segmentation of the essential oil and aromatherapy market covers the following regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

North America holds the leading share in the global market standings and the region’s proliferation has positioned it to achieve more growth in the near future and maintain its standings. Rising awareness concerning the health benefits of essential oil and aromatherapy is one of the leading factors driving the North American region. The region is expected to generate high revenue during the assessment period as per the calculated statement provided by Market Research Future. The European region follows North America as the second-largest market share holder.

Some of the major importers of such essential oil and aromatherapy include countries like UK, France, the US, Germany, and Netherlands. Due to the high demand among the consumers for relaxation therapies, wellness centers, and spa treatments across the developed nations, the global demand for essential oil and aromatherapy is experiencing a steady growth.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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