Aromatherapy Market by Region – Global Opportunities & Forecast, 2020-2027
Aromatherapy
Market
In accordance with the GMI Research
report, the Aromatherapy
Market size will expand at an annual rate of 11.6% over
the forecast period. This is because of the increasing consciousness about the
beneficial features of essential oil and the drift towards natural products.
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Aromatherapy
Market Dynamics
The augmenting demand for aromatherapy guided by the
increasing cases of anxiety, insomnia, depression, and other disorders because
of the excessive workload and poor lifestyle has strengthened the growth of the
global aromatherapy market. Aromatherapy helps mitigate the soul and mind of
these people by relieving their stress through the fragrance of essential oils.
Further, the Aromatherapy
Market insight presented that the rising spa income has elevated the
market growth. As per the International Spa Association, the overall income
from spa multiplied from 17.5 billion USD in 2017 to 18.3 billion USD in 2018.
Also, a rigorous distribution network of the producers of these essential oil
and easy availability to consumers through supermarkets/hypermarkets will
further promote the market growth. On the other hand, the peculiar allergic
reactions of some oils like cinnamon oil and jasmine oil to the skin are
anticipated to hinder the Aromatherapy
Market share.
Product
Segment Drivers
Based on the product, the consumables segment is projected
to witness exponential growth over the coming years. As per the Aromatherapy
Market analysis, the extensive application of essential oils varies due to
the wide application of essential oils ranging from treating anxiety, insomnia
to cardiovascular pains by inhaling scents of these essential oils. The
equipment segment is also likely to expand at a remarkable rate due to the
preference towards spa & wellness centers for evaporative mist diffusers to
cure patients through inhalation.
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Research
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