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According to the latest report by IMARC Group, titled “Aromatherapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global aromatherapy market exhibited strong growth during 2015-2020. Aromatherapy refers to a holistic healing treatment that is practiced for improving the psychological and physical well-being of an individual. It functions through the sense of smell and skin absorption by using aromatic compounds, such as essential oils, natural plant extracts, diffusers, aromatic spritzers, bathing salts, facial steamers, hot and cold compresses, and clay masks. Aromatherapy provides several therapeutic benefits, including relieving anxiety, improving sleep, managing pain, soothing sore joints, enhancing digestion, boosting immunity, and reducing inflammation. It is also employed to treat other medical conditions, such as arthritis, kidney stones, erectile dysfunction, asthma, and depression. As a result, aromatherapy is gaining immense popularity across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Aromatherapy Market Trends:
One of the key factors driving the global aromatherapy market growth is rapid urbanization and industrialization, particularly in emerging economies. This has resulted in hectic working schedules and high levels of stress and anxiety among individuals, which, in turn, is facilitating the preference for aromatherapy. Additionally, aromatherapy offers numerous medicinal properties, including antiseptic, antimicrobial, anti-inflammatory, and astringent. This, in confluence with the rising incidents of dermatological disorders is creating a positive outlook for the market. Moreover, the rising utilization of natural, alternative therapies with mainstream medicine to offer enhanced treatment solutions is acting as another growth-inducing factor. Apart from this, leading players are focusing on introducing innovation product variants and are relying on e-commerce platforms to expand their overall reach, which is fueling the market growth. Looking forward, the market is expected to grow at a CAGR of around 10% during 2021-2026.
Market Summary:
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