Aromatherapy Market Trends

Growth Drivers

• Higher Prevalence of Non-Communicable Diseases - World Health Organization published a report demonstrating that around 41 million people die due to non-communicable diseases every year, while the age group of people living with non-communicable diseases is stated to be between 30 to 69.
• Rising Cases of Hypertension - It has been a long time since essential oils are being used to cure certain conditions and hypertension is one of them. It observed that nearly 690 million people live with untreated hypertension while in 2019, about 80% of the global population was noticed to be suffering from hypertension. It observed that by inhaling essential oils such as, lavender, neroli, marjoram and others can reduce blood and stress hormones. Stress is the primary cause of hypertension since in the state of stress, a hormone called cortisol is produced that triggers hypertension. Therefore, such a demand is expected to hike the market growth over the forecast period.
• Increasing Demand for Aromatherapy for Pain Management - For instance, more than 8% of the global population suffers from chronic pain, meanwhile, for the United States, the annual cost of pain management is projected to be approximately USD 600 billion.
• Escalating Utilization of the Therapy in Kidney Diseases - As of 2022, more than 9% of the population is estimated to be living with chronic kidney disease while millions of people lose their lives annually due to kidney diseases.
• Escalating Cases of Skin Problems - In 2021, over 5 million people in the USA are observed to be living with psoriasis while around 100 million are across the globe.

Challenges

• Higher Cost Associated with the Aromatherapy
• Lack of Awareness across the Globe
• Possibility of Allergies and Side-Effect