The new study by Expert Reports, titled “The Latin American Aromatherapy Market, Report and Forecast 2021-2026” provides an in-depth analysis of the market and ranks it by route of administration, application, end-use and key regions. The report looks at key success factors and limitations, also tracks the latest trends in the industry, and examines their impact on the overall market. In addition, market dynamics are assessed, key demand and price indicators are analyzed, and market analysis is carried out based on the SWOT and Porter models of the five armed forces.
The new report from Informes de Expertos entitled ‘Latin American Aromatherapy Market Report and Forecast 2021-2026‘gives an in-depth analysis of the market and evaluates it based on the type of delivery, application, end-use and key regions. The report analyzes key success factors and constraints, tracks the latest trends in the industry and examines their impact on the overall market. It also assesses market dynamics, covers key demand and price indicators, and analyzes the market based on SWOT and Porter’s Five Forces models.
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The main highlights of the report are:
Market overview (2016-2026)
- Forecast CAGR (2021-2026): X%
The aromatherapy market in Latin America grew due to increased awareness of the benefits of alternative therapies and the increased use of essential oils for therapeutic purposes. Because many essential oils have antifungal, antibacterial, antioxidant, anti-inflammatory, or antiseptic properties, they help treat various diseases and conditions, including skin conditions, inflammation, stress, cold and cough, digestive problems, depression, anxiety, etc.
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In addition, the increasing incidence of lifestyle disorders and the increasing preference for naturally developed treatment products over other drugs are factors that are driving consumer demand for aromatherapy.
Industry definition and main segments
Aromatherapy is a holistic healing treatment that uses aromatic substances, including essential oils. It is viewed as a form of alternative or complementary treatment that uses various products including diffusers, inhalers, body oils, hot and cold compresses, etc., which can be used in isolation or in combination. Because aromatherapy uses a wide variety of essential oils, it is sometimes referred to as essential oil therapy. These essential oils are extracted from plants and help heal the mind, body and spirit.
According to the type of delivery, the market is divided into:
- Current application
- Air diffusion
- Direct inhalation
Depending on the application, the market is divided into:
- Relaxation
- Skin and hair care
- Pain management
- Cough and cold
- insomnia
- Scar management
- Other
Based on end use, the market is divided into:
- Home use
- Spa and wellness center
- Hospitals and clinics
- Yoga and meditation centers
The main regions covered include:
- Brazil
- Argentina
- Mexico
- Other
Market trends
Aromatherapy is increasingly used for relaxation, stress and pain treatment, skin diseases, etc. One of the trends observed is the inclination of people towards natural therapy and treatment to treat various medical conditions and skin problems. This trend has continued to gain momentum as the side effects of aromatherapy are negligible compared to certain medications. This increasing preference for natural treatment options to replace medication and medical treatments is therefore stimulating the growth of the aromatherapy market in the region. Scar management is also another application segment that is growing as essential oils are effective in reducing scars caused by surgery or accidents. Additionally, cancer patients use aromatherapy as a supportive treatment to reduce anxiety, stress, muscle tension, pain, and fatigue. Therefore, the increasing prevalence of cancer in Latin America such as breast cancer, prostate cancer and thyroid cancer will further increase the need for aromatherapy over the forecast period.
Important market participants
The main players in the market are:
- Young Living essential oils
- D-Terra solutions
- Mountain rose herbs
- Frontier Co-op
- Edens Garden Inc.
- Florihana distillery
- Rocky Mountain Oils, LLC
- Biolandes
This report covers, among other things, market shares, expansions, investments as well as mergers and acquisitions.
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About us:
Informes de Expertos (https://informesdeexpertos.com), the Spanish version of Expert Market Research, is a platform that offers market research and advisory services to a wide customer base in Spanish-speaking countries. With our primary focus on the markets in Latin America and Spain, our research experts provide relevant and actionable insights into the markets and track key trends, economic developments and global trade data.
We are determined to increase customer satisfaction and ensure that our bespoke approach meets the customer’s unique market intelligence requirements. Our syndicated and bespoke research reports cover a wide range of industries from pharmaceuticals to food and beverages to packaging, logistics and transportation.
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At Informes de Expertos, we always strive to provide you with the latest information. The numbers in the article are for guidance only and may differ from the actual report.
