The global aromatherapy market size is anticipated to reach USD 3.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2021 to 2028. Rising awareness regarding the positive impact of essential oils on the well-being and health of consumers coupled with the growing demand for natural products is likely to boost aromatherapy market growth over the forecast period.
Increased focus on mental health coupled with the rising adoption of essential oils for the management of mental health problems is expected to drive the market. Furthermore, the growing acceptance of aromatherapy in medical facilities, including clinics and hospitals, is anticipated to augment the demand for aromatherapy diffusers and essential oils.
The demand for aromatherapy in-home use is likely to witness significant growth amid the COVID-19 crisis on account of the lockdown measures taken by various governments, resulting in people staying at home. Furthermore, the demand for aromatherapy in hospitals and clinics also witnessed growth owing to the increased utilization by institutions for treating COVID-19, infected patients.
The growing adoption of aromatherapy for alleviating conditions such as anxiety, depression, nausea, and insomnia during the lockdown is expected to impact market growth positively. The demand for essential oils, especially tea tree and eucalyptus oil is expected to witness growth amidst the pandemic on account of their antiseptic and antibacterial properties.
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Aromatherapy Market Report Highlights
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Aromatherapy Market Segmentation
Grand View Research has segmented the global aromatherapy market on the basis of product, mode of delivery, application, distribution channel, end-use, and region:
Aromatherapy Product Outlook (Revenue, USD Million, 2017 – 2028)
Aromatherapy Mode of Delivery Outlook (Revenue, USD Million, 2017 – 2028)
Aromatherapy Application Outlook (Revenue, USD Million, 2017 – 2028)
Aromatherapy Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Aromatherapy End-use Outlook (Revenue, USD Million, 2017 – 2028)
Aromatherapy Regional Outlook (Revenue, USD Million, 2017 – 2028)
List of Key Players of Aromatherapy Market
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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