Asia Pacific Aromatherapy Market Size & Outlook, 2023-2030
Asia Pacific aromatherapy market, 2018-2030 (US$M)
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Asia Pacific aromatherapy market highlights
- The Asia Pacific aromatherapy market generated a revenue of USD 1,883.6 million in 2023.
- The market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, topical application was the largest revenue generating mode of delivery in 2023.
- Direct Inhalation is the most lucrative mode of delivery segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,883.6 million |
| Market revenue in 2030 | USD 3,800.7 million |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Topical application |
| Fastest growing segment | Direct Inhalation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical Application, Direct Inhalation, Aerial Diffusion |
| Key market players worldwide | Procter & Gamble Co, Reckitt Benckiser Group PLC, Ryohin Keikaku Co Ltd, Rocky Mountain Oils, Plant Therapy, Falcons Beyond Global Inc Ordinary Shares - Class A, Pilgrims Pride Corp, SpaRoom, NOW Foods, Biolandes, EO Technics, DoTERRA, Young Living, Mountain Rose Herbs, Edens Garden, Stadler Form |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.9% of the global aromatherapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,800.7 million by 2030.
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Aromatherapy Market Scope
Aromatherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific aromatherapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aromatherapy market will help companies and investors design strategic landscapes.
Topical application was the largest segment with a revenue share of 42.36% in 2023. Horizon Databook has segmented the Asia Pacific aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific has been witnessing a surge in lifestyle-related health issues such as anxiety, depression, insomnia, chronic stress, and mental & behavioral disorders. The World Health Organization, in its June 2023 report, reported that approximately 260 million people living in the Southeast Asia region have mental health conditions.
Inadequate investment in mental health services and the health workforce has resulted in treatment gaps, further contributing to the rising number of individuals with mental disorders. The report also stated that the growth in the total number of individuals with psychological disorders was fueled by the pandemic, highlighting the urgent need for expanding mental health services in the region.
Hence, with the growing need for the expansion of mental health services to reduce the level of stress and symptoms of psychological disorders, such as anxiety, depression, and behavioral disorders, the demand for aromatherapy is expected to remain high.
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Our clientele includes a mix of aromatherapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aromatherapy market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aromatherapy market size, by country, 2018-2030 (US$M)
Asia Pacific Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
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