By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. In North America, there is a rising prevalence of various physical and mental illnesses, which has increased demand for aromatherapy. Additionally, the cost of healthcare in North America is extremely exorbitant, which is why many are turning to natural remedies and preventive care instead of pharmaceuticals.
Further, the major countries studiedin the market reportare: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: AROMATHERAPY MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe Aromatherapy Market accounts for the second-largest market share. With a high frequency of chronic pain and depression, there is a significant demand for aromatherapy oils in European Population. Further, the Germany Aromatherapy Market held the largest market share, and the UK Aromatherapy Market was the fastest growing market in the European region
The Asia-Pacific Aromatherapy Market is expected to grow at the fastest CAGR from 2022 to 2030. Due to increasing demand for natural products. Furthermore, rising disposable income in these regions, along with a burgeoning health and wellness industry, is likely to generate attractive potential for market expansion. Moreover, China Aromatherapy Market held the largest market share, and the India Aromatherapy Market was the fastest growing market in the Asia-Pacific region
For instance, India Aromatherapy Market is the favored destination for medical travelers due to the availability of surgeons, cutting-edge technology, & cost-effective treatments. On the other hand, Singapore is famous for the presence of well-trained doctors, state-of-the-art facilities, and quality care. As per the data cited in the Medical Tourism Index 2021-21 published by Medical Tourism Association in July 2021, Singapore is ranked at 2nd position, Japan at 3rd, India at 10th, South Korea at 14th, and China at 33rd out of the top 46 international healthcare destinations.
Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
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