LOS ANGELES, May 04, 2019 (GLOBE NEWSWIRE) -- The global Aromatherapy Market is estimated to grow at CAGR above 9.7% over the forecast time frame 2019-2026 and reach the market value around USD 2.6 billion by 2026.
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The increased awareness of the therapeutic benefits of essential oils can be attributed to this growth. In the field of alternative medicines, aromatherapy is expected to play an important role with a phasing-over from manufactured to essential oils to obtain therapeutic values. A clinical trial of 50 patients suffering from secondary and third-grade burns to study the effects of inhaling these products was carried out on the basis of an article by the National Center of Biotechnology Information (NCBI) from 2016. The results have shown that the products are very effective in reducing pain caused by such wounds. Aromatherapy may therefore be employed in order to support market growth as a complementary therapy in burn patients for pain relief. Some of the treatments also include digestion, respiratory disorders, skin, insomnia and the functioning of the immune system.
Essential oils also have many factors that naturally make them healing. Essential oils of treatment grade have a positive impact on the patient's general well-being. These products can be natural and an antibacterial remedy if ingested. These products are available. The benefit of natural therapies is also recognized by people, who help the body to be innate healing skills. With their knowledge and training, they realize, as in synthetic medicines, that viruses and bacteria do not increase resistance to natural substances.
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Home Use segment led the market in 2018
Due to the high utilization of the products for therapeutic purposes, the domestic use segment led the market in 2018. A major factor for growth can be attributed to increasing use of Aromatherapy in different applications, including relaxation and the treatment of insomnia in home care settings.
In 2018, spa and wellness centers represented a relatively significant market share. Spa and wellness centers are visited to help relieve stress and relaxation. Aromatherapy products stimulate circulatory, lymphatic and musculoskeletal systems in these end-use environments, thereby enhancing immunity. The products are also used in hospitals and hospitals. They contribute to a speedy recovery, improve circulation of the blood, facilitate digestion and reduce fear, stress and nausea. As this technology is not invasive, aromatherapy is used in hospitals to help patients recover.
Market Snapshots
Due to the high therapeutic value of aromatherapy products, consumables had the highest market share in 2018.
Due to the availability of new diffusers with advanced features, the equipment sector is expected to see lucrative growth over the forecast period.
The topical therapeutic applications for the target population were the market leader in 2018.
Due to the increasing number of people with stresses and anxiety disorders, relaxation contributed to the maximum market revenues in 2018.
The profitable CAGR is projected to showcase skin and hair care over the predictive period as skin allergies increase.
Direct-to-customer marketing includes multi-level products for aromatherapy and the largest market share is estimated in terms of revenues.
In the neighborhood of their homes most patients prescribing essential oils for diseases tend to use aromatherapy products, resulting in a high market share in 2018.
Due to the large growth of the retail sector, North America led the aromatherapy market in 2018.
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Key Players & Strategies
The Aromatherapy market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players are Edens Garden, Young Living Essential Oils, Flavorihana, Biolands, and Falcon Essential Oils, DōTERRA, Rocky Mountain Oils and Falcon Essential Oils.
Strategic partnerships, new product developments and geographical expansions are key strategies undertaken by these players. As an addition to the already comprehensive essential oil portfolio, Plant Therapy, Inc. for example announced in 2018 that it will launch Caraway Seed CO2, Cubeb 100 and Bergamot Mint essential oils.
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