The increasing use of aromatherapy at home, rise in awareness about health benefits of aromatherapy, and changing lifestyles are some of the major factors propelling the market growth. However, factors such as side effects related to aromatherapy, regulatory and quality issues with essential oil supply chain, and presence of counterfeit products will hamper the market growth.
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Aromatherapy Market: Product Landscape
Based on product, the aromatherapy market has been segmented into consumables and equipment. According to Technavio, the aromatherapy market share growth by the consumables segment will be significant during the forecast period. The focus of vendors in product line expansion and improvement, increase in average per capita household disposable income, and growing health awareness that is creating a demand for premium health wellness products are some of the factors driving the segment growth.
Aromatherapy Market: Geographic Landscape
By geography, North America is going to have lucrative growth during the forecast period. About 39% of the market's overall growth is expected to originate from North America. Market growth in this region will be faster than the growth of the market in Europe, South America, and MEA. Moreover, the US is a key country for the aromatherapy market in North America.
Some Companies Covered:
- 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
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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 |
USD 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. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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