Aromatherapy Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71194
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The aromatherapy market share is expected to increase by USD 1.92 billion from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6.71%.

This aromatherapy market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (consumables and equipment) and geography (North America, Europe, APAC, South America, and MEA). The aromatherapy market report also offers information on several market vendors, including Biolandes Aromes SAS, doTERRA International LLC, Edens Garden Inc., Majestic Pure Cosmeceuticals, Moksha Lifestyle Products, Mountain Valley Springs India Pvt. Ltd., Rocky Mountain Oils LLC, Virgin Scent Inc., and Young Living Essential Oils among others.

What will the Aromatherapy Market Size be in 2021?

Download the Free Report Sample to Unlock the Aromatherapy Market Size for 2021 and Other Important Statistics

 

Aromatherapy Market: Key Drivers and Trends

The increasing use of aromatherapy at home is notably driving the aromatherapy market growth, although factors such as side effects related to aromatherapy may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aromatherapy industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

The demand for aromatherapy products for at-home use has increased, which is one of the key aromatherapy market size growth drivers. A few of the commonly used essential oils for aromatherapy at home are lavender, eucalyptus, and lemon. A few main areas of application of aromatherapy at home are relaxation, including sleep, mood enhancement, cold and flu relief, and pain relief. The high demand for aromatherapy products for at-home use is primarily owing to cost-effectivity because spa visits are expensive, while one can purchase essential oils and apply them in a home setup with the help of diffusers, available at retail stores or online.

This aromatherapy market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Aromatherapy Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Biolandes Aromes SAS
  • doTERRA International LLC
  • Edens Garden Inc.
  • Majestic Pure Cosmeceuticals
  • Moksha Lifestyle Products
  • Mountain Valley Springs India Pvt. Ltd.
  • Rocky Mountain Oils LLC
  • Virgin Scent Inc.
  • Young Living Essential Oils

 

This statistical study of the aromatherapy market encompasses successful business strategies deployed by the key vendors. The aromatherapy market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aromatherapy market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Aromatherapy Market?

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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for aromatherapy market in North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Aromatherapy Market?

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The aromatherapy market share growth by the consumables segment will be significant during the forecast period. Consumables constitute the highest market share of the market in focus. One of the key factors contributing to the growth of the segment is the focus of vendors in product line expansion and improvement. The other factors driving the segment share growth are the increase in average per capita household disposable income and growing health awareness that is creating a demand for premium health wellness products.

This report provides an accurate prediction of the contribution of all the segments to the growth of the aromatherapy market size and actionable market insights on post COVID-19 impact on each segment.

 

Aromatherapy Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.71%

Market growth 2021-2025

$ 1.92 billion

Market structure

Fragmented

YoY growth (%)

6.40

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, UK, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Biolandes Aromes SAS, doTERRA International LLC, Edens Garden Inc., Majestic Pure Cosmeceuticals, Moksha Lifestyle Products, Mountain Valley Springs India Pvt. Ltd., Rocky Mountain Oils LLC, Virgin Scent Inc., and Young Living Essential Oils

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Aromatherapy Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aromatherapy market growth during the next five years
  • Precise estimation of the aromatherapy market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the aromatherapy industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aromatherapy market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aromatherapy market growth will increase by $1920.77 million during 2020-2025.
The aromatherapy market is expected to grow at a CAGR of 6.71% during 2020-2025.
Technavio has segmented the aromatherapy market by product (Consumables and Equipment) and geographic (North America, Europe, APAC, South America, and MEA).
Biolandes Aromes SAS, doTERRA International LLC, Edens Garden Inc., Majestic Pure Cosmeceuticals, Moksha Lifestyle Products, Mountain Valley Springs India Pvt. Ltd., Rocky Mountain Oils LLC, Virgin Scent Inc., Young Living Essential Oils are a few of the key vendors in the aromatherapy market.
North America will register the highest growth rate of 39.4% among the other regions. Therefore, the aromatherapy market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the aromatherapy market growth are:
  • Increasing use of aromatherapy at home
The aromatherapy market vendors should focus on grabbing business opportunities from the consumables segment as it accounted for the largest market share in the base year.
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