The global aromatherapy carrier oil market size was valued at USD 1328.24 million in 2021, and is projected to reach USD 3162 million by 2030, registering a CAGR of 10.12% from 2022 to 2030.
Aromatherapy or essential oil therapy is a curative treatment; it employs natural plant oil extracts that boost health, mental well-being, and general well-being. It is one of the most potent therapies for vital relaxation. Aromatherapy can be coupled with other forms of treatment to boost its efficacy. It is used to treat various health conditions, including the common cold, intestinal issues, cough, burns, and acne. The market for Aromatherapy Carrier Oil is anticipated to expand during the forecast period due to increasing awareness of essential oil's benefits, rising disposable income of the middle class, and rising demand for natural and rising demand for skin treatment options.
Growing knowledge of therapeutic items and their increased use has led to increased business growth as an alternative to therapeutic therapy in various circumstances. Consequently, as an alternative and complementary medicine gain greater awareness, therapeutic carrier materials are gaining acceptance due to their therapeutic properties. In reality, the adoption of natural goods has increased as the detrimental effects of pharmaceuticals have increased. For instance, apricot kernel oil is frequently used for skin and hair care, scar and pain relief, and soap manufacture. Aromatherapy products such as carrier oils are also highly effective for pain management and treating wounds and abrasions. These items are both antimicrobial and therapeutic. Rapid industrialization and heightened customer awareness of new medical procedures have resulted in a worldwide surge in demand for these products. The researchers utilized cutting-edge primary and secondary research approaches and tools to compile this report on the Aromatherapy Carrier Oil market.
Aromatherapy has been shown to alleviate tension, despair, and anxiety. In addition, aromatherapy can cure respiratory issues, treat mental diseases, cardiovascular illnesses, and gastrointestinal infections, avoid motion sickness, manage weight, and maintain healthy liver and gallbladder functioning. The widespread use of aromatherapy for various health-related benefits is the most crucial factor that is anticipated to drive market expansion. In addition, the growing awareness of these alternative treatments among the populace would restrain the market's expansion over the forecast period. The rapid expansion of the e-commerce industry, due to the simplicity of purchasing and the availability of a wide variety of products, is also anticipated to cushion the market's growth. In addition, the numerous product development and innovation strategies and the increasing number of activities undertaken by market participants to increase their geographic presence are anticipated to provide profitable prospects for the market. Increasing consumer desire for natural products and shifting trends in therapeutic therapies will increase the future growth rate of the aromatherapy industry.
A growing desire for items derived from plants is one of the key market drivers. Carrier oils are cold-pressed, plant-extracted, and naturally processed vegetable oils. Alternatives to pharmaceutical items such as medicated topical treatments and pills possess nutritional and natural therapeutic characteristics. Carrier oils are being used as treatments for a variety of medical ailments. Aromatherapy is an alternative to medical therapy for treating various illnesses, including pain, skin-related issues, digestive disorders, cardiovascular disorders, immunological disorders, cold and cough, sleeplessness, respiratory disorders, anxiety, and wounds. In addition, women's increasing knowledge of skin and hair care is anticipated to increase the adoption of therapeutic-grade carrier oils. A rising disposable income is also one of the most influential market drivers. With rising disposable income, the demand for natural skin care goods such as creams, moisturizers, soaps, insect repellents, and toiletries is expanding. Carrier oils are sourced from natural sources such as plant materials; despite extensive extraction efforts, their supply is severely limited.
Additionally, the vast majority of essential oils can be used without any concerns; however, specific safety measures need to be taken before, during, and after their application because there is a possibility that they could cause adverse effects. This is one of the factors expected to pose a problem for the aromatherapy market between 2022 and 2030. The amount of scientific data supporting aromatherapy can be lacking in certain areas. It is anticipated that the absence of evidence to support the use of aromatherapy in treating conditions such as Alzheimer's disease, Parkinson's disease, and heart disease will hinder the industry's growth. Market expansion is hampered in emerging nations like South Africa, Brazil, Mexico, Saudi Arabia, and India by little or nonexistent levels of awareness in those nations.
Another reason contributing to the rise in demand for carrier oils is the expanding movement toward using natural products in the beauty and wellness industry. These oils are also commonly utilized in personal care products to limit the use of potentially toxic chemical goods, which aids in market growth. In addition, an increase in purchasing power and increased consumer awareness about the potentially harmful effects of chemicals found in toiletries and cosmetics are leading to a desire for goods derived from natural sources. It is anticipated that the increase in awareness campaigns carried out by governments and private organizations will contribute to growth in these nations.
The cosmetics market held the most significant share of the overall market in 2021 when broken down by application. One possible explanation for this phenomenon is the rising prevalence of skin diseases. Carrier oils have a widespread application in the cosmetics industry, particularly for skin and hair care, as well as for the treatment of scars, as well as to fortify hair, preventing dandruff, and alleviating itching.
Because aromatherapy products have been demonstrated helpful in treating chronic pain, the medical sector held a considerable share in 2021. Despite the lack of data supporting their curative capabilities, more and more people are turning to use these products in therapeutic applications. As a result, many people are turning to these products instead of the more traditional pharmaceuticals because they are beneficial to one's health, have high potency, and produce almost no adverse side effects. Because natural cleaning agents are becoming more widely available, the personal care sector is projected to have profitable growth for the forecast year. Because of their antibacterial and antiseptic qualities, cleaning products and other goods commonly found in households are increasingly being employed for applications related to personal care.
The aromatherapy carrier oil market in North America was able to maintain its leading position in 2021. This was made possible by an increase in awareness about the benefits of alternative therapies. In addition, the United States is home to most of the leading market participants, with their corporate headquarters here. Edens Garden, Rocky Mountain Oils, LLC, and Plant Therapy Essential Oils are a few companies that are good examples of this.
The growing number of countries in Europe engaged in importing and exporting carrier oils has led to an increase in the number of individuals in this region who are aware of aromatherapy, which has contributed to the expansion of the market. According to a Pain Alliance Europe survey, around 20 % of the adult population in Europe is affected by chronic pain. Thus, there has been a considerable growth in the demand for natural products in this region that are intended to treat pain. As a result of the increased incidence of skin issues and the growing consumer desire for natural goods, there was also a significant expansion in Asia and the Pacific. Specifically, this growth was evident in Asia and the Pacific. Improved awareness of the various therapeutic benefits that can be derived from using aromatherapy products themselves is one factor that is helping to drive up consumer demand for these products.
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