Globally, the Essential oil & Aromatherapy Market share is estimated to escalate at a higher growth rate due to high awareness about healing properties of essential oils and oils used for Essential oil & Aromatherapy on a global level. Application of Essential oil & Aromatherapy is increasing in the medical field thereby increasing its demand all around the globe. Rising consumer’s experimentation for unconventional health problems aiding therapies is supporting the growth of Essential oil & Aromatherapy market. High demand of Essential oil & Aromatherapy is backed up by developing economy and increasing disposable income. The rising health awareness is one of the major drivers for this market.
All these factors contribute to the calculated CAGR of 6.5% of Essential oil & Aromatherapy market during 2017-2023.
The major key players in Essential oil & Aromatherapy market are
- G Baldwin & Co (U.K.)
- doTerra (U.S.)
- Rocky Mountains Oil (U.S.)
- Young Living Essential Oils (U.S.)
- Mountain Rose Herbs (U.S.)
- Thann (U.S.)
- Ryohin Keikaku Co., Ltd. (Japan)
Essential oil & Aromatherapy manufacturers across various regions follow the strategy of improving their existing product as well as increasing the manufacture of various type of Essential oil & Aromatherapy products to meet the consumer’s demand to expand their business. This is one of the major factors due to which the demands of Essential oil & Aromatherapy are experiencing a surge. U.S. is amongst the dominating countries holding a major share in Essential oil & Aromatherapy market and exports the product in various other countries which include Canada, China, Japan, U.K. and others.
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Essential oil & Aromatherapy is the medicinal use of plant and plant-derived products including essential oils which is used for healing purpose and to promote psychological well-being. Essential oil & Aromatherapy is considered one of the vital relaxation therapy and hence has gained its popularity recently. Essential oil & Aromatherapy is also combined with other therapeutic practices to enhance the result of the therapy. Essential oil & Aromatherapy is used to cure several health problems including digestive problems, common cold, cough, burns, acne and others. The positive results obtained from the treatment procedure of Essential oil & Aromatherapy has supported the growth of its market on a global level.
Study Objectives of Essential oil & Aromatherapy Market:
- Detail analysis of the market’s segments and sub-segments
- To estimate and forecast market size by Product-Type, Flavors, Application and Region
- To analyze key driving forces which are influencing the market
- Region level market analysis and market estimation of North America, Europe, Asia, and rest of the world (ROW) and their countries
- Value chain analysis & supply chain analysis of Essential oil & Aromatherapy
- Company profiling of major players in the market
- Competitive strategy analysis and mapping key stakeholders in the market
- Analysis of historical market trends and technologies along with current government regulatory requirements
The Global Essential oil & Aromatherapy Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America holds a major market share followed by Europe. The high demands for natural skin care and personal care products from the developed countries of these regions are contributing to the positive growth of Essential oil & Aromatherapy market. U.S., France, Germany, U.K. and Netherlands are the major importers of Essential oil & Aromatherapy products. North America is found to be the major exporter of Essential oil & Aromatherapy related products and exports majorly to countries of Europe region.
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Global Essential oil & Aromatherapy market is segmented by Product-Type, Flavors, Applications and Region
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