Global Aromatherapy Market 2017-2021
Aromatherapy is a part of alternative medicine where natural oils extracted from flowers, bark, stems, leaves, roots or other parts of a plant are used to achieve psychological and physical well-being. The market encompasses essential oils and diffusers to cure pain, improve sleep quality, reduce stress, overcome symptoms of depression, relieve sore joints and even reduce the effects of cancer thereby restoring overall physical, mental and emotional well-being. Aromatherapy uses essential oils extracted from plants for healing. The essential oils are either massaged or inhaled for therapeutic benefits such as alternative treatment for infections, stress, and other health problems.
Technavio’s analysts forecast the global aromatherapy market to grow at a CAGR of 8.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aromatherapy market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of aromatherapy services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aromatherapy Market 2017-2021
Technavio recognizes the following companies as the key players in the global aromatherapy market: artnaturals, dōTERRA, Edens Garden, Rocky Mountain Oils, and Young Living
Other Prominent Vendors in the market are: Biolandes, Bioway (Xi'An) Organic Ingredients, Healing Solutions, Majestic Pure, Moksha Lifestyle Products, Mountain Rose Herbs, New Directions Aromatics, Radha Beauty, and OM SHE.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing disposable income. Increased level of urbanization, especially in developing nations such as the US, the UK, and Germany has led to an increase in per capita disposable income among the population. The wellness market is influenced by urbanization and wide spread penetration of aromatherapy in cosmetic industry.”
According to the report, one of the major drivers for this market is Increasing use of aromatherapy at home. The demand for aromatherapy products for use in homes has increased. The main areas of application of aromatherapy at home include relaxation and sleep, mood enhancement, cold and flu relief, and pain relief. The reasons for the high demand for aromatherapy at home are privacy, convenience, and cost factors. For instance, deriving the benefits of aromatherapy from the comfort of our homes is an advantage this segment provides. In terms of cost factor, a spa visit is costlier than purchasing essential oils and using at home where one can avoid paying charges for different services in SPA.
Further, the report states that one of the major factors hindering the growth of this market is 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 is likely to restrict the growth of the consumables segment in developing regions. For instance, few essential oils may cause severe irritation if applied in pure form. Some consumers can be allergic to certain herbs or scent, and use of essential oils derived from those sources may cause spasms for people with allergies, asthma, or chronic lung disease. These oils can also cause skin irritation in several people, especially around the eyes, nose, and mouth. Certain oils may be toxic, especially pregnant women where essential oils may cause uterine contractions.
artnaturals, dōTERRA, Edens Garden, Rocky Mountain Oils, Young Living, Biolandes, Bioway (Xi'An) Organic Ingredients, Healing Solutions, Majestic Pure, Moksha Lifestyle Products, Mountain Rose Herbs, New Directions Aromatics, Radha Beauty, and OM SHE.
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