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Aromatherapy Market in North America is Projected to Register the Fastest Growth in Future

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Aromatherapy Market in North America is Projected to Register the Fastest Growth in Future

November 13
14:16 2020
Aromatherapy Market in North America is Projected to Register the Fastest Growth in Future
The North American aromatherapy market is expected to grow at a CAGR of 7.6% during forecast period by P&S Intelligence.

The North American aromatherapy market is predicted to reach a value of $1,639.9 million, increasing from $763.7 million in 2019, progressing at a 7.6% CAGR during 2020–2030, as per a report by P&S Intelligence. The market is growing due to the rising preference of consumers towards natural products, surging disposable income, increasing occurrence of skin diseases, and growing prevalence of lifestyle diseases. On the basis of product, the market is divided into equipment and consumables.

Between the two, the consumables division is projected to grow at a faster pace during the forecast period, owing to the launch of new products by players in the market and expanding essential oil market. For example, Young Living Essential Oils made an announcement regarding a series of new products, such as beautiful diffuser, new skincare line, Savvy Minerals makeup line, advanced essential oil-infused wearable ring for improving family, home, and skin-care, and new essential oil blends, in August 2020.

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Geographically, the U.S. accounted for the largest share of the market during the forecast period (2014–2019), and it is further expected to dominate the market during the forecast period as well. This is due to the increasing disposable income, owing to which larger number of people are able to spend more money on their wellbeing and health. In addition to this, the expenditure in the healthcare sector in the country is also increasing, which, in turn, is driving the regional domain.

The increasing utilization of aromatherapy essential oils at home is a key trend that is being witnessed in the North American aromatherapy market. Aromatherapy essential oils are quickly emerging as a natural solution for treating several health conditions, owing to their different benefits. The demand for these products is further rising for home-use, as people are widely preferring to utilize these oils at home as per their own schedule. Moreover, spas and beauty clinics are becoming costlier for people to afford.

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Market Size Breakdown by Segment

By Product

  • Consumables
    • Essential oils
      • Singles
        • Floral
          • Lavender
          • Ylang yang
          • Rose
          • Neroli
          • Yarrow
        • Citrus
          • Lemon
          • Bergamot
          • Orange
          • Grapefruit
          • Others
        • Herbaceous
          • Chamomile
          • Clary sage
          • Lemongrass
        • Camphoraceous
          • Eucalyptus
          • Rosemary
          • Tea tree
        • Mint
          • Peppermint
          • Spearmint
          • Cornmint
          • Others
        • Earthy
          • Patchouli
          • Valerian
          • Vetiver
        • Spicy
          • Ginger
          • Clove
          • Black pepper
        • Woody
          • Sandalwood
          • Cedarwood
          • Cinnamon
          • Rosewood
      • Blends
    • Carrier oils
  • Equipment
    • Ultrasonic diffuser
    • Nebulizing diffuser
    • Evaporative diffuser
    • Heat diffuser

By Mode of Delivery

  • Topical Application
  • Aerial Diffusion   
  • Direct Inhalation

By Application

  • Relaxation
  • Skin and Hair Care
  • Pain Management
  • Cold and Cough
  • Insomnia
  • Scar Management

By Distribution Channel

  • Direct
  • Indirect
    • Retail
    • E-commerce
    • Hypermarket/supermarket
    • Business-to-business (B2B)

By End User

  • Beauty Spas
  • Homes and Offices
  • Hospitals and Clinics

By Country

  • U.S.
  • Canada

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