Singapore Aromatherapy Market Size & Outlook, 2023-2030
Singapore aromatherapy market, 2018-2030 (US$M)
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Singapore aromatherapy market highlights
- The Singapore aromatherapy market generated a revenue of USD 44.9 million in 2023 and is expected to reach USD 84.1 million by 2030.
- The Singapore market is expected to grow at a CAGR of 9.4% 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 44.9 million |
| Market revenue in 2030 | USD 84.1 million |
| Growth rate | 9.4% (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, Singapore accounted for 0.5% 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 Asia Pacific, China aromatherapy market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,289.9 million by 2030.
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Aromatherapy Market Scope
Aromatherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Singapore 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 39.64% in 2023. Horizon Databook has segmented the Singapore aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
In 2023, the Ministry of Health in Singapore announced the National Mental Health and Well-being Strategy to enhance the mental health framework in the country and ensure individuals with mental health concerns receive stigma-free assistance and support for their recovery.
This comprehensive strategy details the methods for the realization of this target by incorporating continuous efforts from all sectors of the government and society. This strategy focuses on increasing mental health service availability, improving mental service provider skills, and fostering mental health and wellbeing awareness.
Additionally, the National Mental Health and Well-being Strategy aims to direct stakeholders and service providers to ensure that their contributions reach the mental health objectives of Singapore. Aromatherapy is a holistic healing treatment that uses natural plant extracts to promote the health and wellbeing of individuals.
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Our clientele includes a mix of aromatherapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 country-level data and insights on the Singapore aromatherapy market , including forecasts for subscribers. This country databook contains high-level insights into Singapore aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore aromatherapy market size, by mode of delivery, 2018-2030 (US$M)
Singapore Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
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