A recently published report by Fact.MR reveals that the global Ultrasonic aromatherapy diffuser market is projected to grow at a modest CAGR of 9% during the forecast period (2021-2031), reaching US$ 3.8 Bn. Support from the science community in propounding the benefits of aromatherapy on mental health has had a positive impact on the Spa & Salonaromatherapy diffuser market.
From 2016 to 2020, Evaporative aromatherapy diffuser products sales accelerated at a CAGR of 5%. These experienced further incline throughout 2020, attributed to increasing stress levels amongst individuals due to the COVID-19 pandemic. Numerous studies concluded that enveloped viruses such as the SARS-CoV-2 are highly sensitive to essential oils, such as eucalyptus, garlic and other aromatic oils. Hence their uptake in several diffusers increased multifold.
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The global Residential aromatherapy diffuser market will grow at a stellar growth rate of more than 8% through 2029. Apart from consumer trends, favorable statutory regulations on cultivation of plants emanating aromatic compounds is proving to be a boon for aromatherapy diffuser manufacturers.
Key Takeaways from the Market Study
“Consumers are applying aromatherapy principles in the comfort of their homes. Market players must then innovate products that cater to residential use-cases. New fragrances will help differentiate products in the market and garner profitable revenues during the forecast period,” says a Fact.MR analyst.
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Prominent aromatherapy diffusers manufacturers are focusing on incorporating technological advancements, leveraging such breakthroughs as AI and smart connectivity. In addition, players are constantly broadening product portfolios by introducing new product lines. Some notable developments are as follows:
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Consumer Awareness to Drive Market Growth
Keenness of consumers to experiment with aromatic compounds and essential oils will propel the growth of aromatherapy diffusers market in the foreseeable future. Hence, manufacturers are investing heavily in educational tactics, apprising consumers about the potential benefits of aromatherapy. Strategic partnerships between manufacturers and mental health organizations for awareness programs will benefit market players in the coming years. Research and development of pleasant fragrances will attract and engage aroma savvy consumers looking for mental relaxation. Marketing collaterals and digital campaigns will act as decisive factors in garnering revenues during the forecast period.
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