Market Highlights —
Considering all these factors the market for aromatherapy is expected to reach $ 4.3 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 6.18 % during 2017-2023
Aromatherapy uses aromatic oils, and other aroma compounds for improving psychological or physical well-being.
Drivers such as large demand for aromatherapy, growing lifestyle industry, non-invasive nature of aromatherapy growing cases of sleep disturbances, stress etc. has inflated the market. The market restraints include increasing stringency of regulations, lack of proper guidelines and toxic nature of some essential oils. However the lack of strong medical evidence to prove that aromatherapy prevents or cures disease is the strongest barrier to growth. The segment of essential oils is the largest among the product class. The skin and hair care segment leads the Aromatherapy market by therapeutic application followed by relaxation and sleep and pain management.
dōTERRA has used the MLM model, in which the sales force is compensated not only for sales they personally generate, but also for the sales of others they recruit, thus helping in creating a down line of distributors and a hierarchy of compensation. Thus the market for Aromatherapy is poised for growth and product development along with good marketing and awareness is a smart strategy.
Key players of Global Aromatherapy Market:
• Nu Skin,
• Air Aroma,
• Tree of Life,
• Young Living,
• Zija International,
• NOW Foods,
• Neal’s Yard Remedies
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The global aromatherapy market is segmented
On the basis of product type. Based on the product type, the market has been segmented as tracheostomy tubes, cannula, tracheostomy ventilation accessories, tracheostomy clean and care kits and others.
On the basis of material, the market has been segmented as polymer, silicone and others.
On the basis of end users, the market has been segmented as hospitals and home.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Aromatherapy Market Research Report- Global Forecast To 2023”
The Aromatherapy market has been led by the U.S. followed by Europe. US market dominates the global Aromatherapy market on account of high per capita income, presence of readymade rich market etc. However the uncertainty and ambiguity regarding the therapeutic potential of aromatherapy is restraining the market.
The second fastest region is Europe especially France which has a tradition of aromatics. It also has to be noted that European nations such as France, Italy etc. is a branded market and the scope of aromatherapy is greater in these regions.
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Table of Content
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2 Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3 Market Dynamics
3.4 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5 Global Aromatherapy Market
Key questions answered in this report
• What will the market size be in 2023 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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