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Aromatherapy Market

In accordance with the GMI Research report, the Aromatherapy Market size will expand at an annual rate of 11.6% over the forecast period. This is because of the increasing consciousness about the beneficial features of essential oil and the drift towards natural products.

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Aromatherapy Market Dynamics

The augmenting demand for aromatherapy guided by the increasing cases of anxiety, insomnia, depression, and other disorders because of the excessive workload and poor lifestyle has strengthened the growth of the global aromatherapy market. Aromatherapy helps mitigate the soul and mind of these people by relieving their stress through the fragrance of essential oils. Further, the Aromatherapy Market insight presented that the rising spa income has elevated the market growth. As per the International Spa Association, the overall income from spa multiplied from 17.5 billion USD in 2017 to 18.3 billion USD in 2018. Also, a rigorous distribution network of the producers of these essential oil and easy availability to consumers through supermarkets/hypermarkets will further promote the market growth. On the other hand, the peculiar allergic reactions of some oils like cinnamon oil and jasmine oil to the skin are anticipated to hinder the Aromatherapy Market share.

Product Segment Drivers

Based on the product, the consumables segment is projected to witness exponential growth over the coming years. As per the Aromatherapy Market analysis, the extensive application of essential oils varies due to the wide application of essential oils ranging from treating anxiety, insomnia to cardiovascular pains by inhaling scents of these essential oils. The equipment segment is also likely to expand at a remarkable rate due to the preference towards spa & wellness centers for evaporative mist diffusers to cure patients through inhalation.

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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