Aromatherapy Market CAGR Projected to Grow at 7.7% Through 2026
Verfasser: pradnya_86 on Saturday, 7 April 2018Preference to alternative medicine such as aromatherapy is on a rise as people from all cultures are actively accepting the therapeutic use of aroma derived from plant-based essential oils.
Future Market Insights has recently published its study on the global aromatherapy market, projecting the US$ 3.8 billion market to soar at a healthy 7.7% CAGR and reach US$ 8,058.8 million valuation by end of 2026. Over the next decade, awareness regarding healing benefits of aromatherapy is expected to gain momentum. Medical centres providing therapeutic treatments will promote the use of aromatherapy in the treatment of generic ailments such as depression, anxiety, and headaches. Rising preference to aromatherapy will also be instrumented by its effectiveness in boosting cognitive performance, strengthening immunity, reducing pain, improving digestion and increasing blood circulation.
According to the study, North America and Western Europe are anticipated to remain dominant regions in the global aromatherapy market. By the end of 2026, aromatherapy revenues amassed from these two regions will surpass US$ 4 billion. Nevertheless, the aromatherapy market in Asia-Pacific excluding Japan (APEJ) region will register growth at the highest CAGR – 9.7%. Japan’s aromatherapy sales are also predicted to grow rampantly, while Latin America and Middle East & Africa (MEA) are likely to incur sluggish growth over the forecast period.