The U.S. Aromatherapy
Market size
is anticipated to reach USD 928.32 million by 2026, according to a new report
by Grand View Research, Inc, exhibiting a 9.1% CAGR over the forecast period.
Various therapeutic benefits of essential oils can be attributed to high market
growth.
There has
been a significant rise in self-medication for pain or common illnesses,
especially common cold. Essential oils have the potential to naturally treat
these conditions. Numerous adverse effects of pharmaceuticals are encouraging
user to switch to natural essential oils. For instance, rosemary oil can
alleviate symptoms of both cold & cough and headache when inhaled, or can
be topically used in skin & hair care. North American Free Trade Area
(NAFTA) accounts for a significant portion of essential oils trading, leveraging
the growing awareness about aromatherapy in the U.S. and other developed
countries. High purchasing power is also a significant factor driving the
market. However, various adverse effects associated with aromatherapy are
expected to restrain the market.
Majority of
the key companies manufacturing aromatherapy products are located in the U.S.
Companies such as doTERRA International; Frontier Natural Products Co-op; and
Young Living Essential Oils are all based in the U.S. For instance, Aura Cacia
Roman Chamomile Essential Oil, a single essential oil developed by Frontier
Natural Products Co-op, helps in pain management and provides relaxation.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-aromatherapy-market
https://www.grandviewresearch.com/industry-analysis/us-aromatherapy-market
Further key
findings from the study suggest:
- In 2018, consumables dominated the
market owing to availability of various therapeutic-grade essential oils
- The equipment segment is anticipated to
show lucrative growth over the forecast period due to high demand for
different diffusers with innovative features
- Topical application held the largest
U.S. aromatherapy market share in 2018, owing to therapeutic benefits such
as relief from skin & hair problems, acute pain, or discomfort;
healing cuts & bruises; and improving respiratory, immune, &
nervous system
- Essential oils commonly used for stress
relief include lavender, geranium, orange, tangerine, ylang, patchouli,
and clary sage
- Skin allergies can be effectively cured
with aromatherapy, which has led to significant growth of this segment
- Growth of the ecommerce industry has
positively affected market growth, by facilitating consumers to purchase
products at their convenience
- Increase in adoption of essential oils
for treatment of insomnia and anxiety also propels this segment’s growth
- Large number of hospitals and clinics
are using essential oils to aid in postoperative healing
- Some key players include Rocky Mountain
Oils, doTERRA International, Young Living Essential Oils, Edens Garden,
and Frontier Natural Products Co-op
About
Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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