Global Aromatherapy Market Study, 2027 with Profiles of 46 Industry Players

News provided by

Jul 15, 2020, 09:00 ET

DUBLIN, July 15, 2020 /PRNewswire/ -- The "Aromatherapy - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Aromatherapy Market to Reach US$6.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Aromatherapy estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2027, growing at a CAGR of 6.5% over the period 2020-2027.

Consumables, one of the segments analyzed in the report, is projected to grow at a 6.7% CAGR to reach US$5.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Equipment segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 17.7% share of the global Aromatherapy market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 9.9% CAGR for the Period of 2020-2027

The Aromatherapy market in the U.S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 27.05% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.5 Billion in the year 2027 trailing a CAGR of 9.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR while Rest of European market (as defined in the study) will reach US$1.5 Billion by the year 2027.

The publisher brings years of research experience to this 6th edition of the report. The 280-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

artnaturals
Biolandes
Bioway (Xi'an) Organic Ingredients Co. Ltd.
doTERRA International LLC
Edens Garden
Healing Solutions
Majestic Pure
Moksha Lifestyle Products
Mountain Rose Herbs
New Directions Aromatics Inc.
OM SHE Aromatherapy
Radha Beauty Products LLC
Rocky Mountain Oils LLC
Young Living Essential Oils

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/x82un3

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets