Aromatherapy Carrier Oil Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global aromatherapy carrier oil market is expected to
account for USD 1.90 billion by 2026, according to a new report by Grand View
Research, Inc., exhibiting a CAGR of 10%. Growing awareness and increasing use
of therapeutic carrier oils has led to high market growth. Aromatherapy is
considered an alternative to medicinal therapy for treatment of a wide range of
conditions. Thus, with growing awareness about the field of alternative &
complementary medicine, therapeutic-grade carrier oils are increasingly being
adopted due to their healing properties.
In addition,
adoption of natural products has increased as a number of adverse effects are
associated with pharmaceutical products. For instance, apricot kernel oil is
widely used for skin & hair care and scar & pain management as well as
in manufacturing of soaps.
Aromatherapy products such as
carrier oils have also been proven to be highly effective in pain management
and healing of wounds & cuts. These products consist of healing as well as
antibacterial properties.
Further key
findings from the study suggest:
- Cosmetics segment
dominated the aromatherapy carrier oils market in 2018 and is anticipated
to grow at a lucrative rate during the forecast period owing to increase
in incidence of skin and hair problems
- Medical segment
also held significant share in 2018 owing to growing awareness about the
various types of therapeutic-grade products available
- Rapid
industrialization and increasing consumer awareness regarding new medical
practices have led to an increase in demand for these products globally
- In 2018,
personal care segment was expected to witness lucrative CAGR over the
forecast period owing to increase in use of carrier oils as a base for
manufacturing soaps
- North America
held the largest market share in 2018 owing to rise in the number of key
players introducing therapeutic grade products in the U.S.
- Lucrative
trading opportunities have led to an increase in growth potential of the
European market
- Asia Pacific is
projected to exhibit significant growth rate over the forecast period due
to growing awareness pertaining to aromatherapy as well as rise in
incidence of skin disorders in this region
- Some of the key
companies are Edens Garden, Rocky Mountain Oils, Plant Therapy Essential
Oils, Falcon Essential Oils, FLORIHANA, and Moksha Lifestyle Products
Access full research report on global aromatherapy carrier oil market: www.grandviewresearch.com/industry-analysis/aromatherapy-carrier-oil-market
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Created on Sep 23rd 2019 05:31. Viewed 378 times.