Aromatherapy Market Size And Forecast
According to Verified Market Research, the Aromatherapy Market was valued at USD 1.23 Billion in 2018 and is projected to reach USD 2.64 Billion by 2026, growing at a CAGR of 9.9% from 2019 to 2026.
Global Aromatherapy Market Outlook
Aromatherapy is widely used in homes for benefits such as relaxation and sleep, treatment of insomnia, mood enhancement, cold and flu relief, and pain relief is a major factor expected to propel the growth of the global aromatherapy market. Moreover, the growing trend of essential oils adoption also expected to boost the market growth. Also, the new product developments and strategic partnerships by market players help to augment the market growth. For instance, in 2018, Plant Therapy, Inc. announced the launch of Caraway Seed CO2, Cubeb 100, and Bergamot Mint essential oils. However, the lack of proper guidelines and toxic nature of essential oils and stringent regulations such as indications which a producer needs to mention regarding category each essential oil, are some of the major restraining factors that might impede the market growth.
Global Aromatherapy Market Competitive Landscape
The Global Aromatherapy Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Edens Garden, dTERRA, Frontier Natural Products Co-op, Young Living Essential Oils, Plant Therapy Essential Oils, Rocky Mountain Oils, Rocky Mountain Oils, LLC, Biolandes, FLORIHANA, and Falcon Essential Oils.
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