How big is the aromatherapy market?

As of 2023, the global aromatherapy market is valued at approximately $2.5 billion and is projected to grow significantly over the coming years, with a compound annual growth rate (CAGR) of around 10-12%. The increasing popularity of essential oils for wellness, stress relief, and holistic health, along with rising consumer awareness about natural products, is driving this growth. North America and Europe are currently the largest markets, but demand is also rising in Asia-Pacific regions.