Latin America Aromatherapy Market Size & Outlook
Latin America aromatherapy market, 2018-2030 (US$M)
Related Markets
Latin America aromatherapy market highlights
- The Latin America aromatherapy market generated a revenue of USD 565.9 million in 2023.
- The market is expected to grow at a CAGR of 8.9% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 565.9 million |
| Market revenue in 2030 | USD 1,030.2 million |
| Growth rate | 8.9% (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, Latin America region accounted for 6.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aromatherapy Market Scope
Aromatherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 43.61% in 2023. Horizon Databook has segmented the Latin America aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
In Central & South American countries, the overall mental health of the population was on the negative side before the pandemic, however, the COVID-19 pandemic further aggravated this condition. According to the report published by the Organization for Economic Cooperation (OECD) in April 2023 titled “Health at a Glance, Latin America and the Caribbean 2023”, the mental health of young people was hit hard during the pandemic, with the symptoms of anxiety and depression rising dramatically, especially in late 2020 and early 2021.
Before the pandemic, the average disability-adjusted life years (DALYs) for mental health conditions among the population of Latin America and the Caribbean (LAC33) countries stood at 1,815 per 100,000 individuals. Countries such as Chile, Paraguay, Brazil, Guyana, and Suriname reported more than 2,000 DALYs for mental health issues per 100,000 people.
Colombia was an exception, with its figure falling below 1,600. Given the significant number of people affected by mental health disorders in these countries, there is a critical need for enhanced measures to mitigate stress, anxiety, and insomnia.
Reasons to subscribe to Latin America aromatherapy market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America aromatherapy market databook
-
Our clientele includes a mix of aromatherapy market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aromatherapy market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America aromatherapy market size, by country, 2018-2030 (US$M)
Latin America Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
