Aromatherapy is regarded as an alternative medical therapy that assists patients in recovering from respiratory disorders, digestion problems, cardiovascular diseases (CVDs), skin problems, immune system dysfunction, cough and cold, anxiety, pain, wounds, and insomnia. Thus, the surging incidence of such ailments will create a huge requirement for aromatherapy globally. For instance, according to the World Health Organization (WHO), asthma affected around 262 million people and accounted for approximately 461,000 fatalities in 2019. The organization also states that CVDs accounted for 32% of the global deaths in 2019.
The high disposable income of people is encouraging them to avail of the aromatherapy services offered by salons and spas for treating insomnia, anxiety, stress, inflammation, and pain.
Moreover, the rising customer preference for natural products will accelerate the adoption of this alternative medicine in the foreseeable future. Advantageous features of essential oils, such as safety for inhalation and topical uses and non-toxic property, and extensive awareness about the therapeutic uses of such oils are amplifying their usage among people. Besides, the soaring number of individuals opting for self-medication to treat pain and common cold is propelling the use of these natural products.
Based on product, the bifurcations of the aromatherapy market are consumables and equipment. Of these, the faster growth throughout the forecast period is expected to be demonstrated by the consumables bifurcation due to the surging use of essential oils for natural healing. This category is further divided into essential oils and carrier oils. Furthermore, the essential oils bifurcation is classified into singles and blends. The singles division is classified into woody, floral, spicy, herbaceous, earthy, citrus, camphoraceous, and others.
Globally, the North American aromatherapy market generated the highest revenue in 2017 due to the large-scale consumption of essential oils for treating multiple health conditions. Whereas, the Asia-Pacific (APAC) region is expected to display the fastest growth in the forecast years due to the mounting awareness about the health benefits of aromatherapy, mounting trade volume of essential oils in and outside the region, and booming production of essential oils in various APAC nations. Besides, the expanding medical tourism sector will contribute to the market growth in the region.
Thus, the rising incidence of various diseases and increasing awareness about the health benefits of natural products will boost the popularity of aromatherapy in the forthcoming years.
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