What are the latest figures on the aromatherapy carrier oil market’s size and projected CAGR?
The aromatherapy carrier oil market size has grown rapidly in recent years. It will grow from $1.29 billion in 2024 to $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increase in natural goods, rise in disposable income, increased awareness of natural therapies.
The aromatherapy carrier oil market size is expected to see rapid growth in the next few years. It will grow to $2.15 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growth in wellness industry, growth in spas, increase in awareness of health. Major trends in the forecast period include partnerships, investments, and product innovations.
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Which Market drivers have played a significant role in driving the aromatherapy carrier oil market?
The growth in the wellness and personal care industry is expected to propel the growth of the aromatherapy carrier oil market going forward. The wellness and personal care industry encompasses a broad range of products and services aimed at promoting health, beauty, and overall well-being for individuals. The increasing wellness and personal care industry is due to shifting consumer attitudes towards health, beauty, and self-care, and rising levels of stress and mental health concerns. Aromatherapy carrier oils vary in viscosity, absorption rate, and therapeutic properties, allowing formulators to customize their products based on specific skin types or desired outcomes. It provides a natural and holistic approach to skincare and wellness, aligning with the preferences of consumers seeking clean and sustainable beauty options. For instance, in 2022, according to Cosmetics Europe, a UK-based personal care association, it is estimated that the cosmetics and personal care industry brings at least €29 billion in added value to the European economy annually. Furthermore, in December 2023, according to Ascential plc, a UK-based media company, health and beauty e-commerce sales are projected to grow by 77% between 2021 and 2026. Therefore, the growth in the wellness and personal care industry drives the aromatherapy carrier oil market.
What are the key segments within the aromatherapy carrier oil market?
The aromatherapy carrier oil market covered in this report is segmented –
1) By Type: Jojoba, Almond, Avocado, Camellia, Other Types
2) By Distribution Channel: Online Retail, Offline Retail
3) By Application: Cosmetic, Personal Care, Food And Beverages, Medical
Subsegments:
1) By Jojoba: Organic Jojoba Oil, Refined Jojoba Oil, Cold-Pressed Jojoba Oil
2) By Almond: Sweet Almond Oil, Bitter Almond Oil, Organic Almond Oil
3) By Avocado: Organic Avocado Oil, Cold-Pressed Avocado Oil, Refined Avocado Oil
4) By Camellia: Camellia Seed Oil, Organic Camellia Oil, Cold-Pressed Camellia Oil
5) By Other Types: Coconut Oil, Grapeseed Oil, Olive Oil, Argan Oil, Apricot Kernel Oil, Hemp Seed Oil, Rosehip Oil, Sunflower Oil
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Which key players are shaping the aromatherapy carrier oil market?
Major companies operating in the aromatherapy carrier oil market are Young Living Essential Oils, S H Kelkar & Company Limited, AOS Products Private Limited, Edens Garden, ConnOils LLC, AG Industries, Falcon Ingredients SA, Rocky Mountain Oils LLC, THANN, Plant Therapy, Esperis SpA, Vessel Essential Oils, Aethon International LLP, Kanta Group, JE International, Moksha Essentials, SVA Organicsis, Kush Aroma Exports, India Aroma Oils and Company, Majestic Pure, Viva Naturals Inc., Maple Holistics
Which transformative trends will shape the aromatherapy carrier oil market landscape?
Major companies operating in the aromatherapy carrier oil market are developing innovative products and customization such as essential oil blends designed to fulfill different consumer needs. Essential oil blends are combinations of pure essential oils that are carefully mixed to create a unique and harmonious aroma profile. These blends are created by blending different essential oils together to achieve specific therapeutic effects or to create a desired fragrance. For instance, in May 2023, Veda Tinda Scent, a US-based company that specializes in aromatherapy solutions, launched the Aromatherapy Oil Gift Set, featuring naturally scented essential oils along with a color-changing humidifier. The company prioritizes delivering premium-grade, pure essential oils sourced from plants and distilled to achieve purity levels exceeding 95%, all without the use of additional chemicals. This commitment ensures a safe and efficacious aromatherapy encounter for their clientele.
How do regional factors impact the aromatherapy carrier oil market, and which region is the largest contributor?
North America was the largest region in the aromatherapy carrier oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aromatherapy carrier oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Aromatherapy Carrier Oil Market Report 2025 Offer?
The aromatherapy carrier oil market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aromatherapy carrier oil is a type of base oil used in aromatherapy practices to dilute essential oils before they are applied to the skin. These oils serve as a medium for dilution, helping to prevent skin irritation while providing additional benefits such as moisturization and nourishment to the skin.
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