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North America $1.63 Bn Aromatherapy Market to 2030: Opportunities in the Use of Combined Essential Oils for Development of New Oils May 28, 2021 04:33 ET | Source: Research and Markets Research and Markets Dublin, IRELAND ResearchAndMarkets.com s offering. The North American aromatherapy market is predicted to reach a value of $1,639.9 million, increasing from $763.7 million in 2019, progressing at a 7.6% CAGR during the forecast period (2020-2030) The market is growing due to the rising preference of consumers towards natural products, surging disposable income, increasing occurrence of skin diseases, and growing prevalence of lifestyle diseases. On the basis of product, the market is divided into equipment and consumables. ....
North America Aromatherapy Market Worth $1,639.9 Million by 2030, says P&S Intelligence NEW YORK, Dec. 17, 2020 /PRNewswire/ Every year, 40 million American adults suffer from some form of depression, says the Anxiety and Depression Association of America (ADAA). The rising incidence of such lifestyle-associated diseases is expected to propel the North American aromatherapy market from $763.7 million in 2019 to $1,639.9 million by 2030, at a 7.6% CAGR between 2020 and 2030, according to P&S Intelligence. Similarly, insomnia is seen in almost 30% of the regional population, as per the National Sleep Foundation. Apart from insomnia and depression, the North American aromatherapy market is also growing on account of the rising number of people suffering from respiratory diseases, mental illnesses, and allergies. Aromatherapy, in particular essential oils, is rapidly gaining popularity in the continent for relieving stress, anxiety, and depression. ....