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Aromatherapy Diffusers Market Trends & Growth Forecast 2024-2033
Aromatherapy Diffusers Market Trends
According to The Business Research Company's, 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 in the historic period can be attributed to rising awareness of aromatherapy, growing interest in wellness and stress reduction, home spa trends, expansion of e-commerce, 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%. The growth in the forecast period can be attributed to continued emphasis on mental health, integration with smart home systems, rise in home-based work environments, expansion of product offerings, growing demand for sustainable products. Major trends in the forecast period include rise in wellness and stress management practices, integration of smart and connected features, growth in e-commerce and online sales, diversity in design and aesthetic appeal, expansion of essential oil market.
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Market Drivers and Trends:
The growing spa industry is expected to propel the growth of the aromatherapy diffusers market going forward. The spa industry refers to the provision of various services aimed at promoting relaxation, rejuvenation, and overall well-being. Aromatherapy diffusers can be used in the spa industry to enhance the overall experience for customers by creating a relaxing and calming environment, which is essential for spa treatments. For instance, in May 2022, according to the International Spa Association, an India-based wellness center, 74% of spa-goers now cite self-care activities as important. Therefore, the growing spa industry is driving the aromatherapy diffuser market.
Major companies operating in the aromatherapy diffuser are developing innovative products such as Essential Breeze to meet the growing demand for aromatherapy. The Essential Breeze aromatherapy fan is a patented gravity-fed, waterless, and heatless essential oil diffuser. For instance, in 2021, AERON Lifestyle Technology, Inc., a US-based aromatherapy diffuser manufacturer launched Essential Breeze using VersaScent technology. The Essential Breeze aromatherapy fan is protected by a utility patent, reflecting its innovative design and functionality. The gravity-fed, oil-wicking design provides up to two weeks of essential oil diffusion from each 10 ml bottle without the need for water or heat.
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Major Key Players of the Market:
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.; Airomé LLC; Saje Natural Business Inc.; Mountain Rose Herbs LLC.; North American Herb and Spice Co.
Aromatherapy Diffusers Market 2024 Key Insights:
• The aromatherapy diffusers market will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Spa Industry Expansion Ignites Growth In Aromatherapy Diffusers Market
• Aeron Lifestyle's Essential Breeze Redefining Diffuser Technology
• North America was the largest region in the aromatherapy diffusers market in 2023
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