The global aromatherapy market size stood at USD 1.51 billion in 2023. It is expected to grow from USD 1.60 billion in 2024 to USD 2.58 billion by 2032, reflecting a CAGR of 6.27% during the analysis period.
Aromatherapy involves the use of natural plant extracts to promote health and well-being. The increasing consumer awareness of the benefits of organic and natural solutions is driving product demand across various sectors.
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Segmentation:
Holistic Aromatherapy Segment to Lead Due to Rising Popularity
Based on form, the market is segmented into medical aromatherapy, holistic aromatherapy, and others. The holistic aromatherapy segment is projected to hold the largest market share due to its integration with wellness practices such as massage therapy, yoga, and meditation, enhancing its effectiveness.
Inhalation Segment to Capture Major Share Owing to Rapid Absorption
By mode, the market is categorized into inhalation, topical, and bathing. The inhalation segment is anticipated to dominate the global market due to the quick absorption of essential oils through this method.
List of Key Players Mentioned:
- The Aromatherapy Place (U.S.)
- Cleveland Clinic (U.S.)
- Aromatherapy Associates (U.K.)
- Aromatics International (U.S.)
- Aromatics Spa (Kenya)
- Lake Austin Spa Resort (U.S.)
- Tranquil Luxury Thai Spa (India)
- Aromatherapy Clinic (Australia)
- Serenity Spa (U.S.)
- Bliss Aromatherapy & Wellness (U.S.)
- Miraval Arizona Resort & Spa (U.S.)
- Lewisia Wellness (India)
- Red Mountain Resort (U.S.)
- Oriental Healing Oasis & Wellness Center (U.S.)
- Sundara Inn & Spa (U.S.)
Commercial Segment to Dominate with Increased Adoption in Wellness Centers
Based on end-user, the market is divided into residential and commercial. The commercial segment is expected to account for the largest share, driven by the extensive use of aromatherapy in wellness centers and spas to promote relaxation.
Regional Insights:
The market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- Europe: Accounted for 37.56% of the global market share in 2023, with a dominant position attributed to stringent regulatory policies that ensure product safety and efficacy.
- North America: Poised for growth due to rising awareness of holistic health practices. The U.S. spa industry grew from USD 20.1 billion in 2022 to USD 21.3 billion in 2023, reflecting a growth rate of ~5.7%, as per the International SPA Association (ISPA).
Drivers and Restraints:
Expansion of Spa and Wellness Sector to Boost Market Growth
Aromatherapy is widely offered in spas and wellness centers as part of treatments like facials and massages, with essential oils enhancing the therapeutic experience. The Global Wellness Institute (GWI) reported that the global wellness market grew from USD 4.9 trillion in 2019 to USD 5.6 trillion in 2022.
However, challenges such as quality-related issues stemming from limited raw material access could hinder market growth.
Competitive Landscape:
Key Players Focus on Strategic Collaborations
Leading companies are partnering with wellness centers and spas to extend their market reach and attract new clients. Aromatherapy is increasingly being used for stress reduction and pain management, helping companies solidify their positions.
Recent Industry Development:
- October 2023: ĒLYSCE launched a full range of high-quality essential oils and accessories made in the U.S., aimed at promoting the power of natural therapeutic solutions.
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