Aromatherapy Diffusers Market Exhibits Profuse Growth Through 2029
Prevalence of lifestyle trends that promote health such as aromatherapy and meditation are acting as significant growth drivers for the aromatherapy diffusers market.
Proliferation of high net worth income consumers is also projected to give impetus to the aromatherapy diffusers market during the forecast period (2019-2029).
Increasing awareness on the positive effects of aromatherapy will generate high demand for aromatherapy diffusers. Consumers across developed and developing nations are demanding innovative diffusers such as multiple aroma dispensers.
Manufacturers of aromatherapy diffuser products have received the much needed production support by favorable cultivation laws for essential oil plants. The global aromatherapy diffuser market will grow 2.2X from 2019 to 2029.
The growth can be attributed to favorable consumer trends along with increased availability of raw materials such as essential oils.
Residential Applications Heighten Product Demand
Increasing disposable incomes of millennial consumers and easy availability of aromatherapy diffusers through online channels are positioning residential applications of aromatherapy diffusers as a majority shareholder of the total market value.
Currently accounting for more than ½ of the total market value, residential applications of aromatherapy diffusers will grow at a robust 8% CAGR during the forecast period.
Surging need for aromatic commercial spaces and awareness of their role in increasing productivity thrusts the demand from commercial applications.
The segment accounts for the second highest market value share of more than 35% of the total market value. Spa & Salon will provide gainful growth opportunities on the back of increasing consumer traction for aromatic spa & salon services.
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North America Leads Global Sales, South Asia & Oceania to Witness Steady Growth
North America exhibits share-wide leadership on the back of early adopter countries witnessing health conscious consumer trends.
Prevalence of the importance of mental health is driving the demand for aromatherapy diffusers from millennial consumers. North America will grow at an impressive growth rate of over 8% through 2029.
The most lucrative growth opportunities are offered by East Asia and South Asia & Oceania. Developing economies in these regions are experiencing a boom in e-commerce and consumer awareness.
Both these factors are fueling consumer expenditure on mental health and subsequently aromatherapy diffusers. East Asia will grow at a stellar 9% CAGR, whereas South Asia & Oceania will grow at a stupendous 10% CAGR during the projection period.
Marketing Techniques Differentiate Competitors
Market players are investing in creative marketing techniques that attract, engage, and delight consumers.
In a highly competitive market, where there is abundance of online and offline sales channels, manufacturers rely on marketing and product positioning to garner sales.
From digital marketing campaigns to social media contests, aromatherapy diffusers are competing for consumer attention. Research and development of new aromas and cost effective procurement of raw materials such as essential oils will give the required competitive edge.
Large product portfolios with a variety of fragrances has proven beneficial for manufacturers to generate profitable revenues.
Market players that influence the competitive landscape are, but not limited to.
- Young Living
- D?TERRA International
- Ryohin Keikaku Co.Ltd (Muji)
- Neal’s Yard Limited
- Pilgrim Collection
- Hubmar International
- NOW Foods
- EO Products
- Helias LLC
- Stadler From Aktiengesellschaft.
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Global Aromatherapy Diffuser Market: In-Depth Assessment on Key Segments
The global aromatherapy diffuser market is segmented on the basis of product distribution channel, application and region.
This taxonomy and the detailed TOC prepared are confidential and intended exclusively for the individual or entity with whom it is being shared.
Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.
Country-specific assessment on demand for aromatherapy diffuser has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous aromatherapy diffuser manufacturers, experts, and suppliers.
Y-o-Y growth projections have also been offered on all regional market incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates.
The report provides detailed competitive and company profiles of key participants operating in the global aromatherapy diffuser market.
Global Aromatherapy Diffuser Market – Scope Of The Report
The following report provides forecast and analysis of the global aromatherapy diffuser market along with the historical data of 2014, estimated data 2019 and forecast data up to 2029 in terms of value (US$ Mn) and volume (units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global aromatherapy diffuser market along with several macro-economic indicators.
This newly published and insightful report on aromatherapy diffuser sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global aromatherapy diffuser market.
The report also comprises the study of current issues with end users and opportunities for aromatherapy diffuser. It also contains value chain analysis, including the key market participants.
To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of aromatherapy diffuser manufacturers on parameters such as total revenue, product offerings, and key strategies.
A list of key companies operating in the aromatherapy diffuser market provided in the report adds to the credibility of this exhaustive research study.
Global Aromatherapy Diffuser Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications.
Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the aromatherapy diffuser market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the aromatherapy diffuser market, which includes global GDP growth rate, urbanization growth rate, per capita disposable income growth rate, retail growth rate and others.
This report serves as an authentic resource of intelligence on the aromatherapy diffuser market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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