Essential Oil & Aromatherapy Market Size, Share, and Analysis, By Product (Carrier Oil, Essential Oils, and Blended Oils), By Application (Medical, Food and Beverages, Spa and Relaxation, and Others), By Distribution Channel (Direct Distribution, MLM Distribution, and Retail Distribution), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
Essential Oil & Aromatherapy Market Size, Share, and Analysis, By Product (Carrier Oil, Essential Oils, and Blended Oils), By Application (Medical, Food and Beverages, Spa and Relaxation, and Others), By Distribution Channel (Direct Distribution, MLM Distribution, and Retail Distribution), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Essential Oil & Aromatherapy Market is expected t%li%grow at a CAGR of 7.4% in the forecast period (2023-2032), with the market size valued at USD 17.6 billion in 2022 and projected t%li%reach USD 36 billion by 2032.
Essential oils are highly concentrated plant extracts that contain aromatic elements and have potential therapeutic benefits. The oils are extracted using methods such as distillation or cold pressing, which preserve the plant's natural fragrance and healing properties. These essential oils are used in aromatherapy which is a holistic technique t%li%enhances mental, emotional, and physical well-being.
MARKET HIGHLIGHTS
Essential Oil & Aromatherapy Market is expected t%li%reach USD 36 billion, growing at a CAGR of 7.4% during the forecast period, owing t%li%rising popularity of essential oils in aromatherapy and the growing awareness of their benefits. Aromatherapy involves inhaling aromatic scents through diffusers and applying diluted essential oils t%li%the skin during massages or baths. The therapy uses natural plant scents t%li%encourage overall wellness by utilizing the unique characteristics of every oil which impact mood, stress reduction, and general health.
Essential Oil and Aromatherapy Market Segments:
Growth Drivers
Rising Demand for Natural Alternatives Will Drive the Growth of the Essential Oils Market
Growing Interest in Aromatherapy t%li%Support Essential Oils' Market Growth
Restraint
Absence of Regulatory Standards May Impede the Growth of Essential Oil Market
Key Players
PRODUCT OVERVIEW
Essential Oil & Aromatherapy Market is expected t%li%grow at a CAGR of 7.4% in the forecast period (2023-2032), with the market size valued at USD 17.6 billion in 2022 and projected t%li%reach USD 36 billion by 2032.
Essential oils are highly concentrated plant extracts that contain aromatic elements and have potential therapeutic benefits. The oils are extracted using methods such as distillation or cold pressing, which preserve the plant's natural fragrance and healing properties. These essential oils are used in aromatherapy which is a holistic technique t%li%enhances mental, emotional, and physical well-being.
MARKET HIGHLIGHTS
Essential Oil & Aromatherapy Market is expected t%li%reach USD 36 billion, growing at a CAGR of 7.4% during the forecast period, owing t%li%rising popularity of essential oils in aromatherapy and the growing awareness of their benefits. Aromatherapy involves inhaling aromatic scents through diffusers and applying diluted essential oils t%li%the skin during massages or baths. The therapy uses natural plant scents t%li%encourage overall wellness by utilizing the unique characteristics of every oil which impact mood, stress reduction, and general health.
Essential Oil and Aromatherapy Market Segments:
- By Product
- Carrier Oil
- Essential Oils
- Blended Oils
- By Application
- Medical
- Food and Beverages
- Spa and Relaxation
- Others
- By Distribution Channel
- Direct Distribution
- MLM Distribution
- Retail Distribution
Growth Drivers
Rising Demand for Natural Alternatives Will Drive the Growth of the Essential Oils Market
Growing Interest in Aromatherapy t%li%Support Essential Oils' Market Growth
Restraint
Absence of Regulatory Standards May Impede the Growth of Essential Oil Market
Key Players
- Young Living Essential Oils
- doTERRA
- Aromatherapy Associates
- NOW Foods
- Rocky Mountain Oils
- Plant Therapy
- Aura Cacia (Frontier Co-op)
- Eden’s Garden
- Mountain Rose Herbs
- Radha Beauty
- Plant Guru
- Healing Solutions
- Floracopeia
- Native American Nutritionals (NAN)
- Aveda
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Essential Oil & Aromatherapy Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Essential Oil & Aromatherapy Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.ESSENTIAL OIL & AROMATHERAPY MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.ESSENTIAL OIL & AROMATHERAPY MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Application
11.3.1.1. Medical
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Food & Beverage
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Spa & Relaxation
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Others
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Product
11.3.2.1.Carrier Oil
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Blended Oil
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Essential Oil
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Distribution Channel
11.3.3.1 Direct Distribution
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2MLM Distribution
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.2.3Y-o-Y Growth (%) 2022-2032F
11.3.3.3Retail Distribution
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.3.3.2Market Share (%) 2022-2032F
11.3.3.3.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Application
12.3.2. By Product
12.3.3. By Distribution Channel
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Application
13.3.2. By Product
13.3.3. By Distribution Channel
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Application
14.3.2. By Product
14.3.3. By Distribution Channel
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Application
15.3.2. By Product
15.3.3. By Distribution Channel
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Application
16.3.2. By Product
16.3.3. By Distribution Channel
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Young Living Essential Oil
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Cerner Corporation
18.3.All scripts Healthcare Solutions
18.4.eClinicalWorks
18.5.Athena health
18.6.Optum360 (UnitedHealth Group)
18.7.Conifer Health Solutions
18.8.Change Healthcare
18.9.GE Healthcare
18.10. Quest Diagnostics
18.11. R1 RCM Inc.
18.12.Experian Health
18.13.Kareo
18.14. NextGen Healthcare
18.15.Care Cloud
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Essential Oil & Aromatherapy Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Essential Oil & Aromatherapy Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.ESSENTIAL OIL & AROMATHERAPY MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.ESSENTIAL OIL & AROMATHERAPY MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Application
11.3.1.1. Medical
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2.Food & Beverage
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.3.Spa & Relaxation
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2.Market Share (%) 2022-2032F
11.3.1.3.3.Y-o-Y Growth (%) 2022-2032F
11.3.1.4.Others
11.3.1.4.1. By Value (USD Million) 2022-2032F
11.3.1.4.2.Market Share (%) 2022-2032F
11.3.1.4.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Product
11.3.2.1.Carrier Oil
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Blended Oil
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Essential Oil
11.3.2.3.1.By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By Distribution Channel
11.3.3.1 Direct Distribution
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2MLM Distribution
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.2.3Y-o-Y Growth (%) 2022-2032F
11.3.3.3Retail Distribution
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.3.3.2Market Share (%) 2022-2032F
11.3.3.3.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Application
12.3.2. By Product
12.3.3. By Distribution Channel
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Application
13.3.2. By Product
13.3.3. By Distribution Channel
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Application
14.3.2. By Product
14.3.3. By Distribution Channel
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Application
15.3.2. By Product
15.3.3. By Distribution Channel
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA ESSENTIAL OIL & AROMATHERAPY MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Application
16.3.2. By Product
16.3.3. By Distribution Channel
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Young Living Essential Oil
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Cerner Corporation
18.3.All scripts Healthcare Solutions
18.4.eClinicalWorks
18.5.Athena health
18.6.Optum360 (UnitedHealth Group)
18.7.Conifer Health Solutions
18.8.Change Healthcare
18.9.GE Healthcare
18.10. Quest Diagnostics
18.11. R1 RCM Inc.
18.12.Experian Health
18.13.Kareo
18.14. NextGen Healthcare
18.15.Care Cloud
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
