Aromatherapy market to grow $1.92 billion by 2025
The aromatherapy market is projected to grow by $1.92 billion by 2025, according to a report by Technavio.
With an expected compound annual growth rate of 6.71%, Technavio believes that one of the key segments driving growth in the aromatherapy market is the rise in demand for at-home use goods.
The report highlights that essential oils may be purchased and applied in a home setting with the help of diffusers, which are readily available at retail stores or online. Lavender, eucalyptus and lemon are a few of the essential oils that are frequently used for aromatherapy at home.
The consumables segment is expected to "significantly increase" its market share in the aromatherapy industry by 2025, with the focus of vendors on the development of their product lines as one of the major elements fostering the segment's growth.
In addition, the rising demand for high-end health and wellness products are anticipated to be key drivers in generating the market's share growth.