Global Aromatherapy Carrier Oil Market Report 2024

The aromatherapy carrier oil market size has grown rapidly in recent years. It will grow from $1.17 billion in 2023 to $1.29 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth observed during the historic period can be attributed to several factors, including an increase in demand for natural products, a rise in disposable income, and heightened awareness of natural therapies.

The aromatherapy carrier oil market size is expected to see rapid growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The anticipated growth in the forecast period is expected to be driven by expansion within the wellness industry, growth in the spa sector, and an increased awareness of health. Key trends projected for the forecast period include partnerships, investments, and innovations in product offerings.

The expansion of the wellness and personal care industry is poised to drive growth in the aromatherapy carrier oil market. This industry encompasses a wide array of products and services aimed at enhancing health, beauty, and overall well-being for individuals. The increasing prominence of the wellness and personal care sector can be attributed to evolving consumer attitudes towards health, beauty, and self-care, alongside growing concerns regarding stress and mental health. Aromatherapy carrier oils come in various viscosities, absorption rates, and therapeutic properties, allowing formulators to tailor their products to specific skin types or desired outcomes. They offer a natural and holistic approach to skincare and wellness, catering to the preferences of consumers seeking clean and sustainable beauty options. For example, in 2022, according to Cosmetics Europe, the cosmetics and personal care industry is estimated to contribute at least €29 billion in added value to the European economy annually. Additionally, in December 2023, as reported by Ascential plc, e-commerce sales in the health and beauty sector are projected to increase by 77% between 2021 and 2026. Thus, the expansion of the wellness and personal care industry is a driving force behind the aromatherapy carrier oil market.

Key players in the aromatherapy carrier oil market are innovating and customizing their products, including essential oil blends tailored to meet diverse consumer needs. Essential oil blends are crafted by combining pure essential oils in careful proportions to create distinctive and harmonious aroma profiles. These blends are formulated to achieve specific therapeutic effects or desired fragrances. For instance, in May 2023, Veda Tinda Scent, a US-based aromatherapy solutions company, introduced the Aromatherapy Oil Gift Set, featuring naturally scented essential oils accompanied by a color-changing humidifier. The company emphasizes delivering premium-grade, pure essential oils sourced from plants and distilled to ensure purity levels surpassing 95%, all without the use of additional chemicals. This commitment ensures a safe and effective aromatherapy experience for their customers.

In May 2021, Ixom Operations (IXOM), an Australia-based provider of water treatment systems, acquired Australian Botanical Products for an undisclosed sum. This acquisition aims to strengthen and expand Ixom’s specialized product portfolio and local fragrance manufacturing capabilities by leveraging Australian Botanical Products' technical expertise and extensive range of products and customers. Australian Botanical Products (ABP) is an Australia-based company specializing in the manufacture and distribution of aromatic chemicals, essential oils, carrier oils, fragrances, and raw materials.

Major companies operating in the aromatherapy carrier oil market are Young Living Essential Oils, S H Kelkar & Company Limited, AOS Products Private Limited, Edens Garden, ConnOils LLC, AG Industries, Falcon Ingredients SA, Rocky Mountain Oils LLC, THANN, Plant Therapy, Esperis SpA, Vessel Essential Oils, Aethon International LLP, Kanta Group, JE International, Moksha Essentials, SVA Organicsis, Kush Aroma Exports, India Aroma Oils and Company, Majestic Pure, Viva Naturals Inc., Maple Holistics.

North America was the largest region in the aromatherapy carrier oil market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aromatherapy carrier oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aromatherapy carrier oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Aromatherapy carrier oil, a fundamental component in aromatherapy practices, is utilized to dilute essential oils before their application to the skin. These oils act as a medium for dilution, preventing skin irritation while imparting additional benefits such as moisturization and skin nourishment.

The primary varieties of aromatherapy carrier oil include jojoba, almond, avocado, camellia, among others. Jojoba oil, known for its versatility, possesses a light and odorless consistency reminiscent of liquid wax, serving as an excellent skin conditioner suitable for all skin types. These oils are distributed through various channels including online and offline retail and find applications in cosmetics, personal care, food and beverages, and medical sectors.

The aromatherapy carrier oil market research report is one of a series of new reports that provides aromatherapy carrier oil market statistics, including aromatherapy carrier oil industry global market size, regional shares, competitors with an aromatherapy carrier oil market share, detailed aromatherapy carrier oil market segments, market trends and opportunities, and any further data you may need to thrive in the aromatherapy carrier oil industry. This aromatherapy carrier oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aromatherapy carrier oil market consists of sales of essential oils, blended oils, massage oils, and skincare products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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