Global Aromatherapy Essential Oils Market Size Likely to Reach at a CAGR of 9.1% By 2033

The CMI Team’s most recent market research predicts that from 2024 to 2033, the global market for aromatherapy essential oils will grow at a CAGR of 9.1%. In 2024, the market size is projected to reach a valuation of USD 744.2 Million. By 2033, the valuation is anticipated to reach USD 1,629.7 Million.

Aromatherapy Essential Oils Market: Growth Factors and Dynamics

• Increasing Demand for Natural Products: a growing need for natural products is another driving factor in this market, as consumers have increasingly preferred natural and organic items in various sectors, such as personal care, wellness, and food & beverages. Examples of such companies include doTERRA, Aura Cacia, and Rocky Mountain Oils, whose innovative product offerings, including state-of-the-art extraction methods like steam distillation and cold pressing, boost the potency and purity of essential oils, propelling the market forward.

• Expansion of E-commerce: Online shopping trends have turbo-charged the industry further, allowing people to get direct access to more varieties of essential oils and their derivatives. More companies are using SEO and other targeted digital marketing campaigns, also known as Facebook Ads and influencer marketing, to reach consumers and drive sales easily.

• Focus on Wellness and Self-Care: Increased sensitivity to mental health and well-being also propels demand for aromatherapy as a holistic treatment. Research in aromatherapy science and essential oil chemistry continues to back up the growing acceptance of therapeutic benefits attributed to essential oils, leading to efficacy in stress relief, relaxation, and mood elevation that is attractive to more conscious health consumers.

• Rising Influence of social media: The proliferation of social media platforms has significantly promoted essential oils and their benefits. Influencers and wellness advocates share information and personal experiences, creating a larger community and increasing awareness, thereby boosting sales.

• Diverse Applications: Essential oils have diverse applications, ranging from aromatherapy to personal care, cosmetics, and food flavoring. Their diversity, supported by developments in formulating technologies that permit the integration of essential oils into a host of products, enables the market to penetrate diverse consumer groups and is an important component of growth within multiple industries.

• Diverse Product Innovations and Applications: Innovation in new essential oils and blends has added innovative product offerings to the portfolio. Many new products are on the market, including nebulizing diffusers that use ultrasonic technology to preserve therapeutic properties, pre-diluted roll-ons, and aromatherapy inhalers. These products meet many different consumer needs and make things easier.

Aromatherapy Essential Oils Market: Partnership and Acquisitions

• In 2023, Azelis, a prominent player in specialty chemicals and food ingredients, acquired BLH SAS, a distributor specializing in flavors and fragrances for the fine perfumery sector in France. This acquisition enhanced Azelis’s market presence and capabilities in the region.

• In 2023, Elixens France entered a technical and commercial partnership with Parfums Provence Ventoux to promote lavender and essential oils. This collaboration aims to leverage the expertise of both companies to supply high-quality products globally while focusing on sustainable agro-ecological practices.

• In 2022, Givaudan acquired Myrissi in France, bolstering its Fragrance and beauty strategy. Leveraging Myrissi’s AI expertise to innovate new consumer-centric organoleptic approaches, this acquisition enhances Givaudan’s global capabilities in delivering cutting-edge fragrance and beauty solutions.

Report Scope

Aromatherapy Essential Oils Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Aromatherapy Essential Oils Market, added a huge momentum and demand due to widespread interest. With most people becoming stuck in isolation for extended periods with uncertain futures, many opted to take up aromatherapy as an option through which they can better their mental well-being and manage stress levels.

Essential oils such as lavender and eucalyptus became extremely attractive because of their therapeutic properties, which could reduce anxious thoughts and promote relaxation. With these changes in consumer behaviour, the sales of essential oils and other related products increased since people started seeking natural remedies to maintain their mental health during trying moments.

This pandemic further raised awareness of hygiene and wellness habits and spread this movement, expanding the market for aromatherapy essential oils. The increase in concerns about cleanliness and health attracted customers because essential oils possess inherent antibacterial properties. Businesses started to market essential oils that possess aromatic appeal and contribute components toward better wellness.

This two-fold appeal-aromatherapy benefits harmonized with health benefits-placed essential oils among some of the best products during the pandemic and has contributed to favourable market growth. As we advance, consumer continuity of health and hygiene orientation is likely to make the relevance of essential oils for holistic well-being more pertinent and thus has the potential for sustained interest and demand in the market.

Overall, the novel coronavirus’s effects on the aromatherapy essential oils market have been overwhelmingly positive so far, driving consumer interest and sales during and after the COVID-19 pandemic. The trend for natural wellness solutions will probably continue gaining greater momentum once the pandemic has dissipated.

Companies should take advantage of this trend to develop new products, deliver messages on sustainability, and educate consumers on the benefits of essential oils. The future projections believe aromatherapy will be part of holistic health because people will increasingly pay attention to their mental and physical well-being.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Aromatherapy Essential Oils Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Aromatherapy Essential Oils Market:

• Young Living Essential Oils
• doTERRA International LLC
• Edens Garden
• Rocky Mountain Oils
• Mountain Rose Herbs
• Plant Therapy
• Aura Cacia
• NOW Foods
• Radha Beauty
• Healing Solutions
• Majestic Pure
• ArtNaturals
• GuruNanda
• Essential Oil Labs
• Plant Guru
• Others

The Aromatherapy Essential Oils Market is segmented as follows:

By Product Type

• Essential Oils
• Carrier Oils
• Blended Oils
• Others

By Application

• Relaxation and Stress Management
• Skin and Hair Care
• Pain Relief and Anti-inflammatory
• Others

By Distribution Channel

• Online Retail
• Specialty Stores
• Supermarkets and Hypermarkets
• Others

By End-Use

• Household Consumers
• Spa and Wellness Centers
• Medical and Healthcare Facilities
• Others

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America