The awareness regarding therapeutic uses of essential oils has increased, which, in its turn, has resulted in the growth of the aromatherapy market. The global aromatherapy market size accounted for $1.07 billion in 2016. The market is expected to further grow and become more lucrative in the years to come.
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The Aromatherapy Industry
Aromatherapy is considered an alternative medicine therapy that can be used to treat a number of disorders. Aromatherapy can be good for pain management, skin-related problems, cardiovascular disorders, digestion problems, cold and cough, respiratory disorders, immune system functioning, anxiety, insomnia, and wound healing.
Grand View Research, Inc. reports that the global aromatherapy market is projected to account for $2.35 billion by 2025. This growth can be the result of the higher level of awareness about the therapeutic benefits essential oils can have.
According to a recent study by Future Market Insights, the global aromatherapy market is anticipated to grow at a healthy 7.7% CAGR and account for US$ 8.058.8 million valuation by end of 2026.
Selling Aromatherapy Products Online
In 2016, North America played a dominant role, which was driven by the presence of most key players in the US. The market is growing through huge penetration of a wide variety of aromatherapy products.
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The US essential oil market accounted for $3.36 billion in 2015. The market is expected to have a 9.0% growth rate from 2016 to 2024. Aromatherapy is anticipated to play a major role in the field of alternative medicines. North America and Western Europe will continue to represent the dominant regions in the global aromatherapy market.