Expanded Aromatherapy Carrier Oil Market growth projected at 9.4% up to 2034
The global aromatherapy carrier oil market is experiencing a significant surge, with projections indicating it will grow from approximately USD 1.7 billion in 2024 to around USD 4.2 billion by 2034, at a compound annual growth rate (CAGR) of 9.4% during the forecast period from 2025 to 2034[1].
This robust growth can be attributed to the increasing demand for natural and vegetable-derived carrier oils, such as jojoba, sweet almond, coconut, and grapeseed, which are crucial for diluting essential oils in aromatherapy and skincare applications.
In 2024, the market was dominated by vegetable oils, accounting for over 73.5% of the total market share[1]. The cosmetic segment also led the market, capturing more than 37.1% of the global share[1].
North America led the market in 2024, holding a 42.8% share and generating USD 0.7 billion in revenue[1]. One of the key factors driving this growth is government initiatives, such as those in the U.S. and India, which are significantly contributing to market expansion by promoting sustainable agriculture and medicinal and aromatic plant cultivation.
For instance, in India, government efforts have been made to cultivate medicinal and aromatic plants (MAP) across over 100,000 hectares[1]. This initiative not only supports raw material availability but also contributes to the market's expansion.
The aromatherapy carrier oil market, in 2024, was valued at approximately USD 1.7 billion[1]. With the market's promising growth trajectory, it is expected to reach new heights in the coming years, offering numerous opportunities for businesses and consumers alike.
[1] Market Research Report, Global Aromatherapy Carrier Oil Market, 2025-2034. Accessed on [date].
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