Spain Aromatherapy Market Size & Outlook, 2023-2030
Spain aromatherapy market, 2018-2030 (US$M)
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Spain aromatherapy market highlights
- The Spain aromatherapy market generated a revenue of USD 183.8 million in 2023 and is expected to reach USD 309.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 7.7% 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 183.8 million |
| Market revenue in 2030 | USD 309.8 million |
| Growth rate | 7.7% (CAGR from 2023 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, Spain accounted for 2.1% 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 Europe, UK aromatherapy market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 878.3 million by 2030.
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Aromatherapy Market Scope
Aromatherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 43.69% in 2023. Horizon Databook has segmented the Spain aromatherapy market based on topical application, direct inhalation, aerial diffusion covering the revenue growth of each sub-segment from 2018 to 2030.
The burden of mental health disorders is high in Spain. According to the report published by the European Commission State of Health in Spain in 2023, more than one in six people experienced a mental health disorder in 2019.
Furthermore, those in the lowest income quintile are more likely to report depression in Spain. A Mental Health Strategy 2022-26 and a Mental Health Action Plan 2022-24 have been issued in Spain to improve services for people requiring mental health assistance and promote community care.
Hence, the demand for supplementary treatment measures to alleviate stress, insomnia, and other psychological imbalances is likely to remain high in the coming years due to the high prevalence of individuals with mental disorders.
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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 Spain aromatherapy market , including forecasts for subscribers. This country databook contains high-level insights into Spain aromatherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain aromatherapy market size, by mode of delivery, 2018-2030 (US$M)
Spain Aromatherapy Market Outlook Share, 2023 & 2030 (US$M)
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