Canada Aromatherapy Market Size & Outlook, 2023-2030
Canada aromatherapy market, 2018-2030 (US$M)
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Canada aromatherapy market highlights
- The Canada aromatherapy market generated a revenue of USD 584.8 million in 2023 and is expected to reach USD 1,050.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.7% 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.
Aromatherapy market data book summary
| Market revenue in 2023 | USD 584.8 million |
| Market revenue in 2030 | USD 1,050.3 million |
| Growth rate | 8.7% (CAGR from 2024 to 2030) |
| Largest segment | Topical application |
| Fastest growing segment | Direct Inhalation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 6.8% of the global aromatherapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aromatherapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,050.3 million by 2030.
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Aromatherapy Market Scope
Aromatherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 42.42% in 2023. Horizon Databook has segmented the Canada aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, insomnia symptoms mainly contribute to the economic burden of illness. According to the research paper published in the ELSEVIER journal in April 2023, about 23.8% of adults in Canada experience symptoms of insomnia at night, with over 90% of them having these symptoms for more than a year.
In addition, symptoms of nighttime insomnia are more commonly found among the elderly, females, individuals from lower socioeconomic statuses, and those with a lower quality of health. Aromatherapy is used to treat insomnia by leveraging the soothing effects of essential oils to promote relaxation and improve sleep quality.
Given the high prevalence of insomnia among Canadian adults, the need for aromatherapy to address sleeplessness and enhance sleep quality is anticipated to rise throughout the projected period, thereby driving the aromatherapy market.
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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 country-level data and insights on the Canada aromatherapy market , including forecasts for subscribers. This country databook contains high-level insights into Canada aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada aromatherapy market size, by mode of delivery, 2018-2030 (US$M)
Canada Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
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