North America Aromatherapy Market to Generate $1,083.2 Million by 2024: P&S Intelligence


North America Aromatherapy Market by Product (Consumables [Essential Oils {Singles, 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 & Hair Care, Pain Management, Cold & Cough, Insomnia, Scar Management), by End User (Hospitals & Clinics, Beauty Spas, Homes & Offices), by Geography (U.S., Canada) – Market Size, Share, Development, Growth, and Demand Forecast to 2024

NEW YORK, April 29, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, the North American aromatherapy market is expected to reach $1,083.2 million by 2024, from $714.4 million in 2018. Increasing disposable income, prevalence of lifestyle diseases, and growing consumer preference toward natural products are some important constituents that positively impact the growth of the market.

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There are various consumables and equipment available in the North American aromatherapy market. Ultrasonic, nebulizing, evaporative, and heat diffusers are the major equipment offered in this market. Out of these, ultrasonic diffuser held more than 40.0% share in 2018 in the market, primarily due to wider applications of the diffuser as compared to other diffusers.

Furthermore, the North American aromatherapy market is bifurcated into topical application, aerial diffusion, and direct inhalation, based on mode of delivery. Topical application is the most popular mode of delivery in the market and this trend is expected to continue in future. This is primarily due to increasing preference for topical application of essential oils for skin-related problems.

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Relaxation, skin and hair care, pain management, cold and cough, insomnia, and scar management are some major application areas in the North American aromatherapy market. Among these, relaxation was the largest application area of aromatherapy, followed by skin and hair care, with 22.3% and 19.6% share respectively in 2018 in the market. This can be ascribed to the increasing number of people suffering from anxiety and stress in the region.

Beauty spas, homes and offices, and hospitals and clinics are classified as end users in the aromatherapy market in North America. Beauty spas, as an end user, are expected to lead the market, in terms of value during the forecast period, with an expected contribution of more than 40.0% share by 2024, and growing with CAGR of 7.7% in forecast period.

New product launches in the consumables as well as equipment categories are resulting in growth of the North American aromatherapy market. For instance, doTERRA International LLC launched a new aromatherapy product, a blend known as Yarrow Pom, in November 2018, which is a mix of yarrow essential oil and cold-pressed pomegranate seed oil. The product is expected to act as antioxidant, support metabolic growth, and improve immune system.

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Key players in the North American aromatherapy industry include Edens Garden, doTERRA International LLC, Young Living Essential Oils, HoMedics USA LLC, W.S. Badger Company Inc., Frontier Cooperative, Organic Aromas, Plant Therapy Essential Oils, Now Health Group Inc., and Mountain Rose Herbs.

Apart from the players mentioned above, Lisse Essentials, Meivei Inc., Ananda LLC, VITRUVI, Scentsy Inc, and Healing Natural Oils also have a presence in this market.

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