The global aromatherapy market is projected to grow at a 10% CAGR from 2021-2026, driven by increased use of alternative therapies and consumer preference for natural essential oils.
According to the latest report by IMARC Group, titled “Global Aromatherapy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global aromatherapy market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global aromatherapy market to grow at a CAGR of around 10% during 2021-2026.
Aromatherapy Market is a form of alternative medicine therapy that uses aromatic essential oils to improve physical and emotional health of humans. It provides several benefits such as recovering sleep quality, treating headaches and migraines, and reducing stress, depression, and anxiety. Some of the commonly used essential oils in aromatherapy include lavender, eucalyptus, geranium, rosemary, and tea tree.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Aromatherapy Market Trends:
A significant rise in the utilization of alternative and relaxing therapies with mainstream medicines is one of the key factors driving the global aromatherapy market. Other than this, consumers are shifting toward essential oils as they are safe for inhalation and are extracted naturally from plants. This, along with the growing awareness regarding the harmful effects of pharmaceutical products are prompting them to opt for aromatherapy for treatment of their diseases. Manufacturers are also launching innovative diffusers and adopting aggressive marketing strategies to promote their products on social media platforms, which are creating a positive outlook for the market.
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Global Aromatherapy Market 2021-2026 Analysis and Segmentation:
Some of the major players operating in the industry include:
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The article discusses the growth and forecast of the global aromatherapy market from 2021 to 2026.
What are the benefits of aromatherapy? Aromatherapy improves physical and emotional health using essential oils.
What drives the aromatherapy market growth? Increased use of alternative therapies and consumer preference for natural products.
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