Report ID: SQMIG30L2186
Report ID:
SQMIG30L2186 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|
Tables:
65 |
Figures:
65
Global Aromatherapy Diffusers Market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 1.85 billion in 2023 to USD 3.69 billion by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).
Anticipated by the rise in consumer disposable income alongside the pursuit of a healthier lifestyle, the market is poised for growth. The manifold health advantages attributed to essential oils are projected to underpin the demand for these products. A heightened awareness, particularly in developed economies, regarding the therapeutic benefits of aromatherapy in alleviating stress, depression, and anxiety, is predicted to drive interest in diverse types of diffusers. Inhalation of essential oils via diffusers is generally devoid of adverse effects, as long as oral consumption or direct skin application is avoided, thus serving as a pivotal growth catalyst. The U.S. dominates the North American market share. Ultrasonic diffusers and nebulizers hold sway among therapists in this region due to their ability to maintain the oils' therapeutic properties. Additionally, favorable regulations promoting the cultivation of essential oil crops are expected to bolster regional demand in the foreseeable future.
The growing need for soothing, aromatic environments in office spaces is poised to positively impact the market's product offerings. The expansion of end-use sectors in emerging markets has also contributed to growth. However, limited access to raw materials like essential oils and stringent regulations concerning harvesting and cultivation present restraining factors for the aromatherapy diffusers market.
Extensive extraction of essential oils has led to ecosystem depletion, coupled with rising environmental concerns regarding the disposal of plastic and glass used in diffuser manufacturing, thereby projected to impede market growth throughout the forecast period. In response to these challenges, the market has shifted its attention toward developing eco-friendly products utilizing bio-based, BPA-free plastics.
US Aromatherapy Diffusers Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30L2186