Aromatherapy Oil Market Size, Share, Growth, and Industry Growth by Type (Orange, Citronella, Corn Mint, Eucalyptus, Clove Leaf, Lemon, and Others), By Application (Pharmaceutical, Cosmetics & Personal Care Products, Spa & Salon Products, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

Aromatherapy Oil Market REPORT OVERVIEW

• 

• Request a Free sample to learn more about this report

The global aromatherapy oil market size was USD 2114 million in 2022 and market is projected to touch USD 3568.88 million by 2031, exhibiting a CAGR of 6.0% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Aromatherapy oil or essential oil refers to oils that are made from aromatic plant compounds and are used for range of traditional, complementary, or alternative therapies. Aromatherapy is a holistic healing treatment that uses plant extracts to support health and well-being. The essential oils used for therapy are used to improve the health of mind, body, and spirit. It helps in enhancing mental and physical health. There are over hundreds of different types of essential oils that are available. Every oil has unique healing properties, effects, and uses as they create synergistic blend.  

The growing demand for aromatherapy oil is due to increasing demand from end-user industries such as medicines, drugs, personal care, and cosmetics. Increasing consumer awareness for personal care products and their benefits is creating an inclination towards essential oils. Health benefits of essential oils is anticipated to create and drive the demand in pharmaceutical and medical industries. Demand for organic products is also influencing consumer trends.   

COVID-19 Impact: Online Retail to Obstruct Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global aromatherapy oil market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Pandemic positively affected the market for essential oils, as there has been an increase in demand for essential oils. Online retail supported the sales and also to create demand owing to their advantages. Pandemic also raised the awareness about the advantages amongst the population about oils body’s immunity. This propelled the growth for the product and led to increase the sales of various essential oils. To recover from the pandemic, market players operating in the market focused on their production and supply chain strategies.

LATEST TRENDS

"Increasing Applications to Boost Market Development"

Growing trend and increasing applications of aromatherapy oil is estimated to surge the growth of the global aromatherapy oil market. Traditionally, essential oils were used in food and beverage industry and in aromatherapy. Increasing applications in various industries such as pharmaceuticals, personal care, and cosmetics. They are now being used in hand-sanitizers, essential oils are being infused in hand sanitizers and related products such as sanitizer wipes. Such increasing applications in various industries is anticipated to drive the market and pose opportunity for the market. 

Aromatherapy Oil Market SEGMENTATION

• 

• Request a Free sample to learn more about this report

• By Type

Based on type; the market is divided into orange, citronella, eucalyptus, clove leaf, corn mint, lemon, and others.

Orange oil is the leading part of the type segment.

• By Application

Based on the application; the market is divided into pharmaceutical, spa & salon products, cosmetics & personal care products, household cleaning products, and others.

Spa & salon products are the leading part of the application segment.

DRIVING FACTORS

"Health Benefits of Product to Boost Market Growth"

The global aromatherapy oil market growth is anticipated to surge due to various health benefits offered by essential oils. Rising demand for natural and organic products and health-conscious consumers is further expected to drive the market demand. Health benefits to improve mental and physical health; mind, spirit, and body. Doctors in some countries also use natural botanicals to treat illness, manage pain, soothe sore joints, reduce stress, treats headaches, improves digestion, and other various health benefits. Due to such health benefits demand for aromatherapy oil is projected to drive the market demand.  

"Increasing Demand for Aromatherapy to Inflate Market Performance"

The popularity of aromatherapy is rising due to growing preference for aromatherapy. Essential oils help in physiological and psychological well-being. Until now, aromatherapy was considered as a complementary therapy but now it is a mainstream therapy owing to increase in disposable income and standard of living. As incomes have increased consumer preferences for sophisticated products. It is also becoming a symbol of luxury in spa industry, which is anticipated to fuel the demand in the aromatherapy oil market.   

RESTRAINING FACTORS

"High Prices to Hamper Market Growth"

There are a number of factors that can push the growth of the aromatherapy oil market. Restraining factors such as high prices of aromatherapy oil is expected to restrain the market demand. Flowers, extracts, and plants are very costly. Decreasing supplies of aromatic plants can pose a greater risk in producing aromatherapy oil. Such factors are anticipated to restrict market growth.  

Aromatherapy Oil Market REGIONAL INSIGHTS

• 

• Request a Free sample to learn more about this report

"Europe to Dominate Market Due to Increasing Applications in End-User Industries"

Europe holds the largest part of the global aromatherapy oil market share due to increasing end-user industries. Rising awareness regarding the health benefits of oils amongst consumers is anticipated to drive the market demand. Presence of various organizations and market players has benefitted the interests of consumers. Manufacturers in the region are heavily inclined to include various types of oils in their formulations. Growing demand from Germany, the U.K., and France is projected to drive the market.

KEY INDUSTRY PLAYERS

"New Projects by Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Essential Oils of New Zealand (New Zealand)
• Farotti Essenze (Italy)
• Falcon (India)
• H. Reynaud & Fils (HRF) (France)
• The Lebermuth Company (U.S.)
• Moksha Lifestyle Products (India)
• Young Living Essential Oils (U.S.)
• Ungerer Limited (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.