Nebulizing Diffuser Market Forecast and CAGR
According to the latest study by Fact.MR, nebulizing diffuser market is expected to show significant growth over the forecast period (2021-2031). Substantial increase in number of people opting for aromatherapy has provided positive outlook to the industry. Moreover, the nebulizing diffuser market is projected to grow by ~2.5x over (2021-2031).
What is Driving Demand for Nebulizing Diffuser?
Changing lifestyle trends such as shift towards the consumption of natural products coupled with increasing awareness regarding the ill effects of synthetic products is projected to drive sales of diffusers.
Additionally, a shift in consumer preference can be seen among health conscious population. Consumers are shifting their focus towards organically derived products such as plant derived essential oils, which have additional benefits apart from their traditional use thus propelling the sales of diffuser.
Moreover, busy life schedule and mounting work pressure have led to a surge in consumption of essential oils as their fragrance promotes calm and stress-free environment. Also, essential oils exhibits anti-bacterial properties thus acting as natural cleanser for the environment. These stated factors coupled with rise in disposable income along with shift in consumer preference has bolstered the demand and sales of nebulizing diffusers.
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Aromatherapy Identified as a Key Driver in Propelling the Demand and Sales of Nebulizing Vaporizer
Over the years there has been a significant rise in awareness regarding mental health and anxiety issue. Additionally, to deal with this issue people are turning towards aromatherapy as this proven method uses organic oils which is gaining prominence among urban population.
Additionally, emerging ingredients such as peppermint oil, orange oil, lemon oil and eucalyptus oil have given consumers to choose from a range of products as a result major boost in the sales of diffusers can be seen globally.
Also, rising R&D activities have led to innovation in oil extraction techniques which has made the process more efficient thus bolstering the production and sales of essential oils.
Moreover, rapid urbanization and growing disposable income has led to a surge in growth of spa and beauty industry. Being an extensive end user of aromatherapy, the beauty and spa industry has bolstered the sales of essential oils hence contributing to the growth of diffusers.
North America Nebulizing Diffuser Market
North America is expected to witness a growth of ~200 BPS more than the industry average attributed to the growing number of health conscious consumers coupled with increasing awareness on mental health issues.
Additionally, consumption of natural and organic products in North America has increased almost ~3x over the past decade which has attributed to the rise in demand and sales of essential oils and eventually nebulizing diffusers.
Moreover, online sales in US has emerged as a major boost for growth as market players are offering varied product lineup to consumers at a reasonable cost. For instance, US consumers in 2019 spent around ~ US$14Bn through online sales which has led to a surge in sales of diffusers and the same is projected for the forecast period (2021-2031).
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Asia Pacific Nebulizing Diffuser Market
Rapid urbanization along with growing recreational activities is expected to propel the Asia Pacific market. Leader in organic and natural product production the region will witness substantial growth in both areas i.e. production and sales.
Additionally, growing at a higher single digit CAGR, the region has established a prominent growth as demand and sales is projected to be ~100BPS more than the industry average over the next decade.
Moreover, hectic and busy lifestyle along with high consumer base in the region is major contributor towards the growth of nebulizing diffusers.
Who are the Key Manufacturers and Suppliers of Nebulizing Diffusers?
Some of the key prominent players in this industry are Kampes, Aromis Aromatherapy, SPAROOM® UNITREX, Greenair, Dotterra, Hubmar International, and Neal’s Yard Limited.
Above mentioned players are mainly relying on organic growth strategies such as innovation and product launches to expand their consumer base and market share. For instance:-
- In October 2020, Dottera announced launching of two new diffusers namely, Roam diffuser and Laluz diffusers which is made up of polished ground stone and comes equipped with rechargeable battery and a charging dock.
Moreover, the nebulizing diffuser market is highly fragmented due to the presence of local and international manufacturers in the market. Product innovation has made the industry highly competitive thus to sustain market players need to leverage their business strategy in accordance to the changing consumer preference.
An Adaptive Approach to Modern-day Research Needs
Nebulizing Diffuser Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
By Material Type
- Natural Wood
By Oil Capacity
By End use
- Commercial Spaces
- Recreational Center
- Spa Center
- Fitness Center
- Yoga Center
By Distribution Channel
- Company Website
- Speciality stores
- Departmental stores
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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