Category : Healthcare and Pharmaceuticals | Published at : April-2019 | Delivery Format : PDF | Status: Published | Pages : 190
Introduction
Aromatherapy is regarded as one of the most important relaxation therapies and has recently become more popular. Aromatherapy is also combined in order to increase the result of therapy with other therapeutic practices. Aromatherapy is used to cure various disease issues such as gastrointestinal problems, common coldness, cough, burns, acne, etc. The positive results achieved from the Aromatherapy treatment process have contributed to its global market growth.
The report provides analysis of global Aromatherapy market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. According to Acumen Research and Consulting, the global Aromatherapy market is expected to grow at noteworthy CAGR around 9.7 % throughout the forecast period and reach around US$ 2.6 billion by 2026.
Market Dynamics
Increased awareness of the therapeutic applications of essential oils should lead to growth. Aromatherapy is an alternative therapy for many disorders. Aromatherapy These include skin conditions, pain management, insomnia, cardiovascular and breathing disorders, digestive problems, cold and cough, the function of the immune system, anxiety and wound healing. Therapeutic grade essential oils are often used by people with acne problems. Aromatherapy products can also cure burn scars. Pain from burn may also be treated with this treatment. Plastic and esthetic research estimates that 1,000,000 accidents are caused by burns annually in Brazil. The demand for aromatherapy products is expected to be enormous. Essential oil is obtained from plants and is naturally processed into organic products. They are nontoxic and therefore safe to breathe. In consequence, aromatherapy is used as an alternative to medicines. The application of these naturally developed products is promoted by many adverse effects associated with pharmaceuticals. For example, a person with headache and cold and cough can be treated for rosemary oil, if inhaled. Furthermore, if used topically, it can be a good solution for skin and hair care.
In addition, in case of cancer therapy, pharmaceuticals can damage healthy and diseased cells. Extensive research is therefore being carried out to study the advantages of essential oils in brain cancer management because of the fact that many drugs are of a large molecular size, making them ineffective. Essential oils, on the other hand, have small molecules that work without harming the brain. These products have enormous potential in the treatment of chronic diseases without damaging surrounding tissues as a naturally processed medicine.
Product Outlook
Because of the increasing therapeutic application of essential oils for different condition conditions, consumables had the highest aromatherapy share in 2018. These products have immense natural curative properties, making them a lucrative segment. For example, Frontière Natural Products produced Aura Cacia Lavender Harvest Essential Oil is a mixed oil used to relax. Consumer products are divided into essential oils and transport oils. Primary oils are segmented into individuals and mixtures. Evening Primrose, for example, is a transporter oil produced by Edens Garden. It is used for the treatment of skin and cardiac diseases.
Different innovative diffusers such as bamboo diffusers from young live essential oils used for relaxation, is expected to show significant growth in the equipment segment during the forecast period. Emerging products are diffusers that are likely to offer enormous growth opportunities. New and innovative broadcasters are expected to be introduced to boost their demand over the forecast period.
Due to the various benefits offered by these goods, ultrasonic diffusers held a significant market share in 2018. These diffusers need no heat and are capable of providing a lasting aroma. For example, Aria Ultrasonic Diffuser is an ultrasonic diffuser for relaxation, manufactured with Young Living Essential Oils.
Mode of Delivery Stance
Due to the fact that people with skin problems prefer to be applied topically with aromatherapy products, topical application led the market in 2018. A topical application enables these products to combat chronic skin problems. For example, Deep Blue is a topical application for pain management and relaxation from DoTERRA International.
The aerial diffusion, on the other hand, is expected to demonstrate lucrative CAGR over the forecast period, due to this method's high efficiency in cold and flu treatments and the increasing demand for diffusers. Evaporative diffusion is also a increasing segment that is expected to boost demand for this delivery method in the next few years. The effect of this method in the treatment of a variety of respiratory conditions is also anticipated that direct inhalation will show attractive growth in the forecast period. The increased demand for these modes of supply, thus providing efficient substitutes for pharmaceutical drugs, has increased for natural products.
Application Outlook
Due to factors such as a growing number of people with anxieties, relaxation was the largest market share in 2018 on the basis of application. Many who prefer natural and herbal treatment choose to manage stress by using aromatherapy products. Care of the skin and hair is expected over the forecast period to show lucrative CAGR because of increasing skin problems. Skin rashes, skin allergies, and acne can be treated with aromatherapy as some common skin problems. Eczema is also a serious skin disorder that these products can cure.
Due to the immense healing properties of these products, pain management held a significant market share in 2018. The treatment of chronic pain problems, including migraine and severe headaches, and lower back, leg, cuff, face and other muscular pain, proved to be very successful with aromatherapy. Due to the high prevalence of cold and flu amongst children, cold and cough are expected to show significant CAGR during the forecast period. In the treatment of cold and cough, aromatherapy is highly effective. Although many people still choose antibiotics, essential oils and carrier oils have shown their long-term efficacy.
Distribution Channel Insights
Due to the easy purchase and the necessity to explore the scent and efficiency of the product before purchasing and using, sales from DTC represented the largest market share in 2018 on the basis of the distribution channel. E-commerce is projected to develop to foster market growth, with consumers choosing simply to buy.
When it comes to these products, it is essential to smell fragrances before you buy them. Thus, retail stores in the DTC segment held the largest share of revenue in 2018. The business-to-business segment includes transactions between manufacturers and various business organisations, such as pharmaceutical, wholesalers and hospitals.
Regional Stance
The presence of most key players in the US led North America to the market in 2018. The US-based companies like doTERRA International, Young Living Essential Oils and Frontier Natural Products co-op have an extensive aromatherapy product portfolio. Due to lucrative trade opportunities for essential oils, Europe also held significant market share in 2018. Increased import and export in EU countries has led to an increased awareness of aromatherapy as an alternative therapy in the region. In addition, its enormous disposable income and buying power have also boosted the demand for diffusers.
Market Segmentation
Global Aromatherapy Market, By Product
- Consumables
- Essential Oils
- Singles
- Herbaceous
- Woody
- Spicy
- Floral
- Citrus
- Earthy
- Camphoraceous
- Others
- Blends
- Singles
- Carrier Oils
- Essential Oils
- Equipment
- Ultrasonic
- Nebulizing
- Evaporative
- Heat
Global Aromatherapy Market, By Mode of Delivery
- Topical Application
- Aerial Diffusion
- Direct Inhalation
Global Aromatherapy Market, By Application
- Relaxation
- Consumables
- Equipment
- Skin & Hair Care
- Consumables
- Equipment
- Pain Management
- Consumables
- Equipment
- Cold & Cough
- Consumables
- Equipment
- Insomnia
- Consumables
- Equipment
- Scar Management
- Consumables
- Equipment
- Others
- Consumables
- Equipment
Global Aromatherapy Market, By Distribution Channel
- DTC
- Retail
- E-commerce
- B2B
Global Aromatherapy Market, By End Use
- Home Use
- Spa & Wellness Centers
- Hospitals & Clinics
- Yoga & Meditation Centers
Global Aromatherapy Market, By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Chile
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
The market research study on “Aromatherapy Market (By Product: Consumables [Essential Oils {Singles, Blends}, Carrier Oils], Equipment [Ultrasonic, Nebulizing, Evaporative, Heat]; By Mode of Delivery: Topical Application, Aerial Diffusion, Direct Inhalation; By Application: Relaxation [Consumables, Equipment], Skin & Hair Care [Consumables, Equipment], Pain Management [Consumables, Equipment], Cold & Cough [Consumables, Equipment], Insomnia [Consumables, Equipment], Scar Management [Consumables, Equipment], Others [Consumables, Equipment]; By Distribution Channel: DTC [Retail, E-commerce], B2B; By End Use: Home Use, Spa & Wellness Centers, Hospitals & Clinics, Yoga & Meditation Centers) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Aromatherapy market segments with market dynamics and their impact. The report also covers basic technology development policies.
Key Players & Strategies
The Aromatherapy market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players are Edens Garden, Young Living Essential Oils, Florihana, Biolands, and Falcon Essential Oils, D-TERRA, Rocky Mountain Oils and Falcon Essential Oils.
Strategic partnerships, new product developments and geographical expansions are key strategies undertaken by these players. As an addition to the already comprehensive essential oil portfolio, Plant Therapy, Inc. for example announced in 2018 that it will launch Caraway Seed CO2, Cubeb 100 and Bergamot Mint essential oils.
