Market Overview
Essential Oil and Aromatherapy Market is defined as the medicinal use of plant and plant-derived products that include essential oils that are used for healing purpose and to promote psychological well-being. A new report on the global essential oil & aromatherapy market, published by Market Research Future (MRFR), predicts that this market can see growth during the forecast period (2017-2023).
Among crucial driving factors for the global essential oil & aromatherapy market growth popularity of it in vital relaxation therapy can fetch in substantial revenue. Combined with other therapeutic practices, essential oil & aromatherapy can enhance the result of the therapy. They can cure many health problems such as acne, burns, common cold, cough, digestive problems, and more. The increasing adoption of the essential oil & aromatherapy for skin treatments is also boosting the market. Without any side-effects, essential oil & aromatherapy can also aid insomnia and menstrual problems.
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Key Players
Big players in the global essential oil & aromatherapy market are doTerra (USA), G Baldwin & Co (UK), Mountain Rose Herbs (USA), Rocky Mountains Oil (USA), Ryohin Keikaku Co., Ltd. (Japan), Thann (USA), and Young Living Essential Oils (USA).
Latest Industry News
The Hotel Palomar at Phoenix, Arizona, is set to launch an in-room aromatherapy program that would use essential oils. The program aims to ease the anxiety of guests by giving them a soothing environment. 16 SEP 2019
Market Segmentation
The global essential oil & aromatherapy market segmentation encompasses application, flavor, and product type. MRFR’s research on the market highlights many facets of the market in-depth.
The application-based segment of this market is covering food & beverages, homecare, medical, personal care, spa & wellness products, and others. The personal care segment has been sub-segmented into cosmetics, fragrances, toiletries, and others. The personal care segment holds a major market share.
Regarding flavor, the market has been segmented into flowers, fruits, herbs, spices, and others. Fruits-based flavors segment holds the major market share due to high demand and preference from consumers. Based on product type, the market is being segmented into blended oils, carrier oils, essential oils, and others. Among these segments, essential oils segment holds a major market share.
Regional Segmentation
A geographical outlining of the global essential oil & aromatherapy market covers North America, Latin America, Europe, Asia Pacific, and RoW (Rest of the World).
North America is the biggest regional market, followed by Europe. In North America, the market is surging due to the rising awareness about the benefits of essential oil & aromatherapy, presence of key market players, and the health benefits. The maximum revenue in this region gets generated by the USA, Canada, and Mexico. The USA is also the biggest exporter of essential oil & aromatherapy in this region.
In Latin America, the market is decent as the demand for essential oil & aromatherapy is there, but production is low compared to North America. The purchasing power of Latin American consumers is decent but lower than North American consumers. Argentina and Brazil generate maximum revenue in this region. Brazil is the biggest exporter of essential oil & aromatherapy in this region.
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In Europe, the market is surging due to the growing demand for spa’s & wellness centers in the developed countries. The high density of population, higher demand for relaxation therapy, and high disposable income of consumers are factors that boost the market in this region. France, Germany, and the UK are the biggest revenue-generating markets in this region. France is also the biggest exporter of essential oil & aromatherapy in this region. Other countries that can generate significant market revenue are Italy, Spain, and the Netherlands. Research on the remaining countries in Europe featured in this report calculates the strong addition to market revenue from various other countries in this region.
In the Asia Pacific region, the major factors for market growth are economic growth and increasing disposable income. Due to increasing urbanization, it is becoming fashionable to visit spas and experience Thai massage. The countries that can be crucial markets in this region are Australia, China, and India. China and India are the biggest exporters of essential oil & aromatherapy in this region.
The RoW segment covers uncategorized regions and countries. Among those countries, the key markets are Egypt, Saudi Arabia, and South Africa.
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