Latest News- Aromatherapy Market: Consumables expected to lead the Product segment during 2024-2028

The Aromatherapy Market is being driven by Increasing use of aromatherapy at home

The Aromatherapy Market is expected to grow at a CAGR of 10.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2730.9 million. The aromatherapy market has experienced significant growth due to the increasing preference for natural remedies, particularly essential oils, in various industries. Consumers' willingness to pay a premium price for cosmetic products containing aromatherapy ingredients has driven product innovations, with many cosmetic brands incorporating essential oils into their offerings. The rising incidence of skin conditions and consumer dissatisfaction with synthetic products have further fueled demand for aromatherapy products. Popular aromatherapy offerings include bath salts, hand creams, and massage oils, which have long been favored for their nourishing and anti-inflammatory properties. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Consumables
  • Equipment
• Usage
  • Topical application
  • Aerial diffusion
  • Direct inhalation
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing use of aromatherapy at home
• Rise in awareness about health benefits of aromatherapy
• Changing lifestyles

However, the market also witnesses some limitations, which are as follows:

• Side effects related to aromatherapy
• Regulatory and quality issues with essential oil supply chain
• Presence of counterfeit products

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Market Scope in Aromatherapy Market Research Report

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Research Analysis Overview

The Aromatherapy Market encompasses a range of natural products, including essential oils, used for therapeutic purposes. These oils offer holistic wellness solutions for various conditions, such as acne scars and skin disorders. Healing therapies include topical application, direct inhalation, and aerial diffusion. Carrier oils and blended essential oils are essential components. Diffusers like nebulizing, ultrasonic, evaporative, heat, and nebulizer models facilitate relaxation and stress relief. The relaxation segment caters to skin conditions, scar management (including acne and burn scars), cardiovascular disorders, and respiratory problems.

Market Research Overview

The global market for household and personal care products encompasses the production and research and development of various items, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, this market's expansion will be influenced by several key factors. Primarily, the increase in disposable income leads to greater expenditure on non-essential, luxury and lifestyle-related products. Additionally, the growing trend towards holistic wellness solutions and therapeutic uses of essential oils for stress relief, relaxation, and the treatment of conditions such as acne scars, is driving demand for aromatherapy and other healing therapies. As conventional medical treatments continue to evolve, the personal care industry will remain a significant player in healthcare practices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/