The aromatherapy carrier oil global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aromatherapy Carrier Oil Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The aromatherapy carrier oil market size has grown rapidly in recent years. It will grow from $1.17 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. 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 $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to growth in wellness industry, growth in spa, increase in awareness of health. Major trends in the forecast period include partnerships, investments, and product innovations.
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Scope Of Aromatherapy Carrier Oil Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aromatherapy Carrier Oil Market Overview
Market Drivers -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 provide 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.
Market Trends – 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.
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
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Regional Insights – 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.
Key Companies – 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
Table of Contents
1. Executive Summary
2. Aromatherapy Carrier Oil Market Characteristics
3. Aromatherapy Carrier Oil Market Trends And Strategies
4. Aromatherapy Carrier Oil Market – Macro Economic Scenario
5. Global Aromatherapy Carrier Oil Market Size and Growth
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32. Global Aromatherapy Carrier Oil Market Competitive Benchmarking
33. Global Aromatherapy Carrier Oil Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aromatherapy Carrier Oil Market
35. Aromatherapy Carrier Oil Market Future Outlook and Potential Analysis
36. Appendix
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