Growth Rate of Aromatherapy Carrier Oil Market Anticipated at 9.4% by 2034
The global aromatherapy carrier oil market is poised for substantial growth in the coming years, with projections indicating a potential value of approximately USD 4.2 billion by 2034 [1]. This expansion is primarily driven by factors such as increasing awareness of aromatherapy, government initiatives supporting organic farming, and rising demand for natural skincare products.
In 2024, the market was valued at approximately USD 1.7 billion. The compound annual growth rate (CAGR) during the forecast period from 2025 to 2034 is projected to be 9.4% [1].
The cosmetic segment led the market in 2024, capturing more than 37.1% of the global share and generating USD 0.7 billion in revenue. The demand for chemical-free, plant-derived products continues to boost the use of carrier oils in wellness centers, spas, and personal care routines.
The demand for such products has also driven the use of vegetable oils, which held the dominant position in the market in 2024, accounting for over 73.5% of the total market share.
Notable companies in the industry are innovating and expanding their product lines to cater to this growing demand. For instance, Falcon Essential Oils has expanded its Fractionated Coconut Oil line with a new MCT formulation and introduced Hemp Seed Carrier Oil. Similarly, Plant Therapy has launched a KidSafe Carrier Oil Blend, Organic Rosehip Seed Oil, and a "Carrier Oil of the Month" subscription.
Edens Garden has also expanded its organic carrier oils line, introducing a new Cold-Pressed Avocado Oil and a Carrier Oil Blends Collection. Rocky Mountain Oils (RMO) has introduced a 100% Pure Squalane Oil and enhanced their Jojoba Oil with a new cold-pressed extraction method.
Government regulations in the U.S. and Canada, such as FDA guidelines on botanical ingredients and labeling, promote transparency and quality. Canada's natural health product regulations ensure rigorous testing and safe formulations, further boosting consumer confidence in these products.
Florihana Distillerie also ensures high standards, offering certified organic and wildcrafted Argan Oil, improving Tamanu Oil extraction processes, and ensuring all carrier oils meet ECOCERT standards in their "Bio" line.
The rising demand for natural, plant-based solutions in skincare, massage, hair care, and wellness applications, particularly in North America and the Asia-Pacific, is another key factor driving market growth. In 2024, North America led the market, holding a 42.8% share.
The shift toward clean beauty and heightened awareness of synthetic cosmetic side effects are also significant drivers of the demand for aromatherapy carrier oils. As consumers increasingly seek out natural alternatives, the market for these products is expected to continue to thrive.
[1] Source: Market Research Future (MRFR) Report on Global Aromatherapy Carrier Oil Market Research Report - Forecast to 2034. Accessed on March 10, 2023. https://www.marketresearchfuture.com/reports/aromatherapy-carrier-oil-market-8151
