13-Mar-2020: The
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.
In
depth research report on Aromatherapy Carrier Oil Market
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
Grand
View Research has segmented the aromatherapy carrier oils market on the basis
of application and region:
Aromatherapy Carrier Oils Application Outlook
(Revenue, USD Million, 2015 - 2026)
·
Cosmetic
·
Skin Care
·
Others
·
Personal Care
·
Household
·
Soap
·
Food & Beverages
·
Medical
·
Pain Management
·
Cold & Cough
·
Others
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more research reports of this category:
About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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