South Korea Aromatherapy Market Size & Outlook, 2023-2030
South Korea aromatherapy market, 2018-2030 (US$M)
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South Korea aromatherapy market highlights
- The South Korea aromatherapy market generated a revenue of USD 195.1 million in 2023 and is expected to reach USD 399.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 10.8% 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 195.1 million |
| Market revenue in 2030 | USD 399.1 million |
| Growth rate | 10.8% (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, South Korea accounted for 2.3% 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 |
|---|
South Korea 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 41.88% in 2023. Horizon Databook has segmented the South Korea aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
Wellbeing of an individual in South Korea is a harmonious fusion of age-old customs and the latest scientific and technological advancements, set against a backdrop of abundant natural resources. Wellness routines such as sauna and hot spring soaks, meditation, martial arts, herbal and medicinal teas, and acupuncture are extensively adopted in the country for their health benefits and therapeutic effects.
Moreover, there is an increase in awareness among consumers about wellness and a surge in partnership deals that are aimed at enhancing the spa and healthcare sectors in South Korea. This is particularly evident in the health and beauty markets of the country that are fueling the growth of the aromatherapy market in South Korea.
In November 2023, the Healthcare & Spa Industry Promotion Agency (HESPA) and Sangmyung University forged a partnership to collaboratively explore spa-related healthcare in the country. Together, they aim to offer educational programs on spa-related healthcare and engage in joint research and development initiatives, along with both central and local government bodies.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea aromatherapy market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea aromatherapy market size, by mode of delivery, 2018-2030 (US$M)
South Korea Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
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