PUBLISHER: The Business Research Company | PRODUCT CODE: 1414019
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414019
“Aromatherapy Diffusers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aromatherapy diffusers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aromatherapy diffusers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aromatherapy diffusers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Aromatherapy diffusers are devices designed to disperse essential oils into the air, offering therapeutic benefits. Widely utilized for enhancing mood, inducing relaxation, reducing stress, and addressing specific health concerns such as headaches, congestion, and insomnia, these diffusers serve varied wellness purposes.
The primary product types of aromatherapy diffusers encompass ultrasonic aromatherapy diffusers, aromatherapy nebulizers, evaporative aromatherapy diffusers, and aromatherapy heat diffusers. Ultrasonic diffusers operate by vibrating a plate at ultrasonic frequencies, breaking down oils into tiny particles released into the air. These diffusers reach consumers through diverse distribution channels such as retailers, hypermarkets, e-commerce platforms, and various other distribution networks. Their applications span across residential, commercial, spa, and salon settings, catering to a wide range of users seeking therapeutic benefits.
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The aromatherapy diffusers market size has grown strongly in recent years. It will grow from $2 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historical period can be attributed to several factors, including increased awareness surrounding aromatherapy, a growing emphasis on wellness and stress reduction practices, trends favoring home spa experiences, the expansion of e-commerce platforms, and continual innovations in diffuser designs.
The aromatherapy diffusers market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. Anticipated growth in the forecast period is expected due to sustained attention towards mental health, increased integration with smart home systems, the proliferation of home-based work setups, a broadening array of product offerings, and escalating demand for sustainable products.
The burgeoning spa industry is poised to drive substantial growth within the aromatherapy diffusers market in the foreseeable future. Spanning a range of services focused on promoting relaxation and overall well-being, the spa industry seeks to provide customers with an indulgent experience. Aromatherapy diffusers play a pivotal role in this sector, contributing to a serene and tranquil ambiance essential for various spa treatments. Notably, as of May 2022, the International Spa Association reported a noteworthy trend, with 74% of spa-goers emphasizing the significance of engaging in self-care activities. Consequently, the escalating spa industry is a primary driver propelling the aromatherapy diffuser market.
The escalating demand for essential oils is anticipated to be a driving force behind the continued expansion of the aromatherapy diffusers market. Extracted from diverse parts of plants, essential oils represent highly concentrated plant extracts. These oils are integral to aromatherapy practices, diffused into the air to promote mental clarity and relaxation. Essential oil diffusers facilitate the dispersion of these therapeutic elements, enabling easy inhalation and absorption. Data from April 2023 by Trading Economics revealed that the United States' import of essential oils, perfumes, cosmetics, and toiletries during 2022 amounted to $19.45 billion, sourced from the United Nations COMTRADE database on international trade. Consequently, the burgeoning demand for essential oils significantly propels the growth of the aromatherapy diffuser market.
Leading players within the aromatherapy diffuser market are actively innovating to cater to the escalating demand for aromatherapy solutions. An exemplary innovation in this domain is the Essential Breeze, a gravity-fed, waterless, and heatless essential oil diffuser introduced by AERON Lifestyle Technology, Inc. in 2021. This patented aromatherapy fan leverages the cutting-edge VersaScent technology. Its unique design allows gravity-fed oil wicking, enabling up to two weeks of essential oil diffusion from each 10 ml bottle sans the necessity for water or heat.
Innovative strides within the aromatherapy diffuser market are focused on advanced technologies such as VersaScent Technology to offer contemporary and adaptable aromatherapy solutions. A notable instance is the AromaTru, unveiled by Ideal Living in October 2022. This waterless, smart alternative to traditional essential oil diffusers integrates advanced technology to diffuse up to four essential oils simultaneously. Its unique features encompass a patent-pending carousel and exclusive diffusion technology that disperses a fine mist of essential oils directly from their bottles via atomization, a waterless process. Additionally, the AromaTru offers Wi-Fi-enabled app connectivity, empowering users to create and schedule personalized fragrance blends. Ideal Living's AromaTru aligns with their commitment to harness plant power and science to craft verified products supporting proactive self-care and optimal health.
In April 2022, Phoenix Flavors and Fragrances, a chemical manufacturing company based in the US, completed the acquisition of Innovative Fragrances Inc. (IFI) for an undisclosed sum. This strategic move aligns with Phoenix Flavors and Fragrances' aspiration to emerge as a premier provider of high-performance flavors and fragrances. The acquisition integrates IFI's team of skilled perfumers and regulatory experts into the company, enhancing its capacity to meet the distinct needs and preferences of their clientele. IFI, situated in Atlanta, specializes in the development and formulation of fragrance compounds tailored for diverse markets, including home fragrance, personal care items, candles, and various air fresheners.
Major companies operating in the aromatherapy diffusers market report are doTERRA International LLC, Puzhen Life Co. Ltd., Young Living Essential Oils LC, Ryohin Keikaku Co. Ltd., Vitruvi Designs Inc., Pilgrim Collection, Hubmar International Inc., NOW Health Group Inc., EO Products Inc., ZAQ Skin & Body Care LLC, Edens Garden Inc., Scentsy Inc., Organic Aromas LLC, Frontier Co-op, HoMedics USA LLC, Helias LLC, Stadler Form Aktiengesellschaft, Aromis Inc., Newell Brands Inc., GreenAir Inc., Neal's Yard Limited, Nu Skin Enterprises Inc., Unitrex Ltd., Alessi S.p.A., AromaTech Inc., Airome LLC, Saje Natural Business Inc., Mountain Rose Herbs LLC., North American Herb and Spice Co.
North America was the largest region in the aromatherapy diffusers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aromatherapy diffusers market report during the forecast period. The regions covered in the aromatherapy diffusers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aromatherapy diffusers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The aromatherapy diffusers market consists of sales of candle diffusers, car diffusers and read diffusers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.