The North America Massage Oil Market would witness market growth of 11.6% CAGR during the forecast period (2021-2027).
The demand for massage therapy would increase due to the surge in recognition of the chiropractor community. Moreover, the growing awareness regarding pain management & physical ailments would assist in enhancing the development of massage therapies & massage oils. In addition, the growth of the market would be supported due to the sedentary and stressful lifestyles are giving rise to different stress-related health concerns, which encourage consumers to go for a massage.
Massage therapies have gained high traction among American adults in the last couple of years. It is highly considered as one of the powerful treatments for several health conditions and overall development. Many individuals are taking help from their physicians regarding massage therapies with the increase in awareness among the consumers regarding the health advantages of massage.
The increase in the number of therapists and spas across different countries of this region is due to the higher popularity of massage therapy. In the US alone, it is expected that above 300,000 massage therapists with approved licenses are present, and they form a significant percentage of the overall healthcare experts in the country. Moreover, the country had 21,000 spas were available in 2017.
Moreover, people's inclinations towards hectic and busy lifestyles are leading to rising stress-associated concerns, encouraging them to look for massage therapy and hence boosting the growth & demand for massage oil in the regional market. As per the American Massage Therapy Association (AMTA), 63% of massage customers utilized massage for health or medical reason in the year ending June 2020. Hence, these factors are expected to create lucrative opportunities for the players operating in the regional massage oil market during the forecasting period.
The USA market dominated the North America Medical Therapeutics Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $381.8 million by 2027. The Canada market is experiencing a CAGR of 12.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 14.7% during (2021 - 2027).
Based on Application, the market is segmented into Medical Therapeutics, Spa and Wellness Centers and Other Applications. Based on End User, the market is segmented into Adult Oil and Baby Oil. Based on Product, the market is segmented into Almond Oil, Coconut Oil, Olive Oil, Citrus Oil and Other Products. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Massage Oil Market is Estimated to Reach USD 4.4 Billion by 2027 at a CAGR of 12.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Performance Health, LLC (Bon Vital), Fabulous Frannie, The body Shop International Limited (Natura Cosméticos), Biotone, Bath & Body Works, Aura Cacia (Frontier Natural Products Co-Op), Master Massage (Master Home Products Ltd. Inc.), The Himalaya Drug Company, Natural Bath & Body Shop, and Raven Crest Botanicals.
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