The global Aromatherapy Oils market generated revenue of around USD 9.8 million in 2020 and is anticipated to grow at a CAGR of over 8.7% during the forecast period from 2021 to 2027 to reach around USD 15.4 million in 2027.
Aromatherapy Oils are essential oils extracted from natural plants for holistic aroma healing treatment. Aromatherapy oils are rapidly absorbed by limbic smell receptors that control breathing, stress, blood pressure, and heart rate. Aromatherapy oils enhance the emotional and physical health of individual s. Major aromatherapy oils are made from lavender, chamomile, eucalyptus, tea tree, and peppermint among others. Aromatherapy oils help in reducing anxiety and headaches, improving sleep, reducing inflammation, and healing stomach issues.
Key Trends in Global Aromatherapy Oils Market
Increasing demand for aromatherapy oil for the treatment of anxiety disorders and depression
The busy lifestyle has affected the mental health of a lot of people. It has led to increased stress, anxiety, and even depression in people worldwide. According to World Health Organization, there are nearly 450 million people with neurological or mental disorders globally. The side effects of the allopathic medicines for mental health ailments are driving people towards natural and alternative therapies. Aromatherapy oils improve blood circulation, improve moods, improve sleep, and helps in the management of other mental health ailments. Oils based on Lavender, Cedarwood, Frankincense, Chamomile, Jasmine, Rosemary, and Grapefruit help in improving mental health. Aromatherapy oils are effective alongside behavior therapy and anti-depressants.
Impact of COVID 19 on Global Aromatherapy Oils Market
COVID 19 had a significant impact on the global aromatherapy oil market’s revenue generation. The COVID 19 lockdowns and restrictions had an impact on the availability of ingredients. Furthermore, the restrictions on the operation of the oil-producing units had an impact on the output of aromatherapy oil. People who were confined to their homes during lockdowns and restrictions began to experiment with aromatherapy oils for health benefits. E-commerce platforms played a significant role in the recovery of aromatherapy oil sales in 2020. The global aromatherapy oils market is anticipated to attain new highs in the coming years.
Global Aromatherapy Oils Market by Oil Type Insights
Major aromatherapy oils include Basil, Chamomile, Eucalyptus, Jasmine, Lavender, Lemon, Peppermint, Rosemary, Sandalwood, and Tea tree among others. Lavender oil accounted for a significant percentage of the overall revenue generated by the global aromatherapy oils market in 2020.
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Global Aromatherapy Oils Market by Application Insights
Aromatherapy oils’ main application areas are anxiety and depression management, cold and cough management, hair and skincare, headaches, insomnia, body ache and pain management, relaxation, and scar management. Hair and skincare accounted for 31.2 percent of revenue generation in the aromatherapy oils market.
Global Aromatherapy Oils Market by Mode of Delivery Insights
Aerial diffusion, direct inhalation, and topical application are three major modes of delivery of aromatherapy oils. Aerial diffusion has a significant share in the global aromatherapy oils market. Topical application is widely used for skin-related ailments.
Global Aromatherapy Oils Market by Regional Insights
Europe was the largest market for aromatherapy oils in 2020 and accounted for over 35.4% share in overall global revenue generation. The interest of the people in Europe to adopt green and natural healing methods for improving and maintaining physical health and wellbeing helped in increasing the growth of demand for aromatherapy oils. Asia-Pacific region is anticipated to grow with the highest CAGR during the forecast period. The use of aromatherapy oils in the Asia-Pacific region is fueled by traditional herbal treatments in China, India, and other East Asian countries. Increased skin problems in North America, as well as increased adoption of aromatherapy devices such as nebulizers, evaporators, ultrasonic diffusers, and heat diffusers, led to an increase in the use of aromatherapy oils for various healing treatments.
Global Aromatherapy Oils Market Competitive Landscape
Most prominent players in the global Horizontal Directional Drilling market include Amrita Aromatherapy, Aura Cacia, G Baldwin & Co, Primavera Life GmbH, Neal’s Yard Remedies, Organic Aromas, Radha Beauty, Revive Essential Oils, Rocky Mountain Oils, and Young Living Essential Oils among others. The report covers very detailed profiles of these key players.
Global Aromatherapy Oils Market by Oil Type, 2015 – 2027
Global Aromatherapy Oils Market by Application, 2015 – 2027
Global Aromatherapy Oils Market by Mode of Delivery, 2015 – 2027
Global Aromatherapy Oils Market by Region, 2015 – 2027
Global Aromatherapy Oils Market: Key Players
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