Aromatherapy Carrier Oil Market

The aromatherapy carrier oil market size is estimated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increase in preference for plant extracted products.

Aromatherapy carrier oil, also known as vegetable oil, is added to dilute essential oils that are used for aromatherapy and massage. They have no scent by nature but can produce a concentration of aroma when mixing with essential oils and act to carry essential oil onto the skin when evaporated. Carrier oils are pressed and extracted from plants using several processes. They are widely adopted for various applications across industries as they possess natural healing and nutritional characters and are used as substitutes to pharmaceutical products for instance medicated topical tablets and products. Aromatherapy is considered as a major substitute to medical therapy that helps in diagnosis of various health conditions including skin-related problems, cardiovascular disorders, digestive disorders, immune disorders, insomnia, respiratory disorders, anxiety, wounds, and pain.

With rising income of consumers, preference for natural products in the form of moisturizers, creams & soaps for skin care are rapidly rising. Carrier oils are derived from natural sources such as plants; however, their availability is limited. Various players are extensively engaged in large scale population of these oils as it has less adverse reactions and effects as compared to harmful chemical products.

Market Trends, Drivers, Restraints, and Opportunities

• Rising awareness of benefits for natural and wide preference for plant extracted products as means of therapy are key factors driving the market.
• Growing awareness among women about the maintenance of hair and skin care coupled with rising disposable income of consumers are expected to fuel the overall market growth.
• Rapid development of aromatherapy and expansion of medical tourism with the support from several government and private authorities across countries are expected to boost the market growth.
• Increasing demand for natural cosmetic products and expansion of the beauty & wellness industry worldwide is another key factor aiding the demand for carrier oils. This is projected to propel the market revenue.
• Limited access to or lack of awareness of aromatherapy especially in developing countries is expected to hamper the market growth.

Scope of the Report

The report on the global aromatherapy carrier oil market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Cosmetic segment is expected to grow at a rapid pace

Based on applications, the global aromatherapy carrier oil market is divided into cosmetic, personal care, food & beverages, and medical. The cosmetic segment is further bifurcated into skin care and others while the personal care segment is sub-divided into household and soap. Additionally, the medical segment is further segregated into pain management, cold & cough, and others. The cosmetic segment accounted for a key share of the market in 2020 and is expected to grow at a rapid pace in the coming years owing to rising incidences of skin problems and large spending for cosmetic products especially among women. However, the medical segment is anticipated to exhibit a high CAGR during the forecast period due to increase in acceptance of these oils for medical use.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to constitute a key share of the market in the coming years owing to the wide awareness about advantages of the therapy. On the other hand, the market of Asia Pacific is anticipated to amplify the growth rate at a robust pace during the forecast period due to rise in incidences of skin problems and increasing preference for natural products in the region.

Segments

Segments Covered in the Report
The global aromatherapy carrier oil market has been segmented on the basis of

Applications

• Cosmetic
  • Skin Care
  • Others
• Personal Care
  • Household
  • Soap
• Food & Beverages
• Medical
  • Pain Management
  • Cold & Cough
  • Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Rocky Mountain Oils
• Edens Garden
• Falcon Essential Oils
• Moksha Lifestyle Products
• Plant Therapy Essential Oils
• FLORIHANA

Competitive Landscape

Key players competing in the global aromatherapy carrier oil market are Rocky Mountain Oils; Edens Garden; Falcon Essential Oils; Moksha Lifestyle Products; Plant Therapy Essential Oils; and FLORIHANA. Major market players are widely engaged in activities such as mergers and acquisitions, innovative product development and extension.