Global Aromatherapy Carrier Oil Market Size, Share, Growth Analysis, By Type(Almond, Avocado), By Application(Cosmetic, Food & Beverages) - Industry Forecast 2023-2030

Aromatherapy Carrier Oil Market size was valued at USD 20.16 billion in 2021 and is poised to grow from USD 21.79 billion in 2022 to USD 40.12 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

The Global Aromatherapy Carrier Oil Market is witnessing significant growth due to the rising interest in natural therapeutic products. Carrier oils, crucial in diluting essential oils, have gained traction for their skin-nourishing and aromatherapeutic properties. The market's expansion is also attributed to the increasing popularity of holistic wellness and skincare routines. Key players are innovating and offering a diverse range of carrier oils to cater to different preferences and applications. This trend is expected to persist as consumers continue to seek natural and soothing remedies for various ailments.

Top-down and bottom-up approaches were used to estimate and validate the size of aromatherapy carrier oil and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segmental Analysis

Aromatherapy Carrier Oil Market is segmented based on type, application, and region. Based on type, the market is segmented into almond, avocado, camellia. Based on application, the market is segmented into cosmetic, food & beverages, medical. Based on region, the global aromatherapy carrier oil market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

Increasing Adoption of Natural Botanicals in Beauty and Cosmetics to Fuel Market Expansion

Anticipated initiatives from both public and private entities are set to support the progress of these nations. Another pivotal factor behind the heightened demand for carrier oils is the growing trend toward using natural ingredients in the health and beauty domains. These oils find frequent application in personal care items, contributing to the reduction of harmful chemicals and stimulating economic advancement.

Restraint

Market Growth Hindered by Uneven Distribution and Channels

The growth of the market faces obstacles due to unequal market understanding in developing countries such as South Africa, Brazil, Mexico, Saudi Arabia, and India, impeding its expansion. Furthermore, the absence of well-established distribution channels may dissuade customers from choosing authentic products, potentially leading them to opt for counterfeit alternatives for their regular needs.

Market Trends

Aromatherapy has been found to have a positive impact on stress reduction, alleviating feelings of sadness and anxiety, and even aiding in the management of motion sickness, weight control, as well as supporting healthy liver and gallbladder functions. Furthermore, aromatherapy plays a significant role in the treatment of various health issues, including respiratory problems, nervous system disorders, cardiovascular diseases, and gastrointestinal infections. What is expected to be the driving force behind the market's overall growth is the increasing utilization of aromatherapy for a wide range of health benefits. Additionally, there has been a surge in the formulation of scented perfumes using essential oils, resulting in a growing number of scent launches that promote practical advantages like improved sleep and reduced anxiety, a trend driven by the heightened stress levels experienced by many individuals during the pandemic. Moreover, the medicinal properties of carrier oils, such as lemon eucalyptus essential oil with its anti-inflammatory, immunoregulatory, analgesic, and antioxidant effects, have expanded their applications in treating various illnesses, further enhancing the appeal and utility of aromatherapy in holistic healthcare.