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Top 5 Aromatherapy Oil Market Worldwide, 2022
5 Major Aromatherapy Oil Companies in the World in 2020
The global aromatherapy oil industry is expected to experience tremendous development during the forecast period between 2022 and 2028, majorly due to the increasing demand across key application segments. Aromatherapy oil is finding its application in many industries that include medicine, drugs, personal care, and also cosmetics.
Aromatherapy oils are also widely known as essential oils and are very commonly used in body washes, lotions and even perfumes. They are mainly made up of plant compounds that are aromatic and have a very unique scent to them. Apart from being used for body and physical care, these are also used for promoting better mental health. Aromatherapy is a traditional method that helps in heling both the physical as well as the mental state of a human body.
Business Research Insights forecasts the worldwide market for aromatherapy oil to hit USD 2.99 billion by 2028, growing at a CAGR of 6.0 % during 2022-2028. The market size in 2022 is estimated to be worth USD 2.114 billion. Increasing use of Aromatherapy oil in cosmetic industry recently is helping in the development of the market.
Market Growth Rose During COVID-19 Owing to Rise in Online Retail
The pandemic of COVID-19 has brought down many industries as there was an economic crisis. The financial instability was accompanied with many other inconveniences such as lockdowns, social distancing norms, scarce raw materials, and mainly the shortage of skilled labours.
The aromatherapy oil market was positively affected during the pandemic because of the online retail business. The online retail helped in increasing the demand of these essential oils which in turn propelled the sales of the product. The adoption of supply chain strategies by the key industries players helped in the market growth.
Business Research Insights Presents the Top 5 Aromatherapy Oil Manufacturing Companies Globally
1. Essential Oils of New Zealand (New Zealand)
This company was established in the year 1975 by the John and Lyn Rainey. This organization works mainly with the motive of providing the best quality essential oil by following a series of traditional steps which includes growing, harvesting, and distilling a wide variety of essential oil crops. Headquartered in New Zealand, it is one of the top operating companies in the global aromatherapy market.
2. Farotti Essenze (Italy)
Farotti Essenze is a popular essential oil producing company headquartered in Italy. They integrate an Italian excellence along with providing the best quality product. They manufacture various products that include essential oils, fragrances, colours, flavours, and profumi. The production of these oils is administered in well equipped laboratories.
3. Ungerer Limited (U.S.)
Ungerer limited was established in the year 1893 and is functioning ever since then. The company has a history of about 125 years. It is headquartered in New York, United States. Ungerer has a global presence with their facilities in Mexico, USA, UK, Colombia, India, Uruguay, and Australia. They are specialized in developing fragrances and flavours with exotic ingredients.
4. Young Living Essential Oils (U.S.)
Young Living Essential Oils is a multi-level marketing company. It is based in Lehi, Utah, United States. It was established in the year 1993 by Donld Gary Young. It has an international presence with shops worldwide. They produce authentic and naturally derived essential oils.
5. Moksha Lifestyle Products (India)
Moksha lifestyle products was originally founded in the year 2005 in Linz, Austria. After this the headquarters of the company was then shifted to New Delhi, India. They have a wide range of products that include aromatherapy spice oleoresins, oils, floral hydrosols, herbal extracts, and many more.
Significant Health Benefits Provided Aromatherapy and Essential Oils to Sustain Market Growth in Future
The awareness of consumers towards the health benefits of using the aromatherapy oils has created a surge in the sale of the products in the market. Essential oils are natural, authentic and exotic and are proven to help in the holistic development of our physical and mental health. Apart from this these oils also soothe joints, improve digestion and treat illness. All of these benefits of aroma oils have generated a robust development of the global aromatherapy oils market globally.