Global Aromatherapy Market Overview –
The aromatherapy industry is being driven by the growing importance of psychological health amidst the competitive and stressful environment. As a result, people are revisiting the ancient practice of finding solace in nature in today’s time. Aromatherapy in today’s time is not just considered to be an art. It has now become a scientific study due to its medicinal and therapeutic properties. The popularity of essential oils with strong anti-bacterial qualities such as lavender, lemongrass, basil, tea-tree, lemon, eucalyptus, and others that aid in immune boosting increased, which had a beneficial impact on the aromatherapy industry. Furthermore, it is anticipated that the market would be driven even further by the desire to live a healthy lifestyle during the forecast period. Demand for essential oils is projected to be driven further by the numerous health benefits that essential oils provide.
In developed economies, particularly in the United States, increasing knowledge of the various benefits of aromatherapy for stress, depression and anxiety reduction is predicted to fuel demand for various types of diffusers. It is not necessary to consume essential oils or apply them directly to the skin in order to experience any negative side effects from inhaling them through diffusers. This aspect has the potential to be a substantial growth driver in the market. Because they have the unique features of keeping the therapeutic properties of essential oils while also producing a pleasant environment, ultrasonic aromatherapy diffusers are expected to dominate the overall market over the forecast period. Nebulizers, on the other hand, are predicted to be the fastest-growing product segment in the near future since they provide the most effective diffusion of essential oils in wide spaces without compromising the therapeutic benefits of the oils.
Post Covid-19 Impact on Aromatherapy Market –
By far the most severe impact of the COVID-19 outbreak was on the healthcare business. Since the aromatherapy industry was also negatively impacted, there is no need for it to remain silent. When the government imposed the lockdown and social distancing restrictions to contain the COVID-19 pandemic outbreak, it caused the suspension of various manufacturing operations, supply chain disruptions, stifling business growth, cancellation of technology events, suspension of new developments, and a general decrease in overall production and sales, limiting the industry’s ability to expand. As a result of the growth in the number of patients suffering from COVID-19 and other life-threatening conditions, a number of difficulties have arisen, including inconsistencies in the supply of raw materials and a lower demand for items from stores.
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However, on the plus side, the government’s restrictions are likely to be eased, which will aid the market in experiencing a slight increase following COVID-19, as the manufacturers are concentrating on various developments and innovations, market trends, and other expansion strategies, among other things. As a result of these factors, the market is expected to grow at a significant rate in the future years.
Aromatherapy Market Report Highlights –
It is anticipated that demand for aromatherapy diffusers would rise at an estimated compound annual growth rate (CAGR) of 8.8 percent from 2021 to 2028, owing to the growing popularity for diffusers, which assist in obtaining the therapeutic advantages of essential oils.
As the number of people suffering from stress and anxiety continues to rise, there is a growing preference for natural methods of stress relief. The relaxation application segment is expected to account for 23.2 percent of global revenue share in 2020 as a result of an increase in the number of people seeking natural stress relief.
Scope of the Report –
Essential oils are dispersed into the air by an aromatherapy diffuser, filling the room with a pleasant natural fragrance. Aromatherapy is one of the alternative therapies that makes use of essential oils as the primary therapeutic agents in the treatment of a variety of ailments and conditions. Essential or volatile oils are collected from a variety of plant components, including flowers, barks, stems, leaves, roots, fruits, and other sections of the plant, using a variety of techniques. The aromatherapy diffuser market is categorised based on the types of goods available, which include ultrasonic, nebulizer, and other options.
Recent Developments –
A connected and intelligent scent distribution system for fragrance and home comfort businesses was released by Scentsy in April of the following year. As well as being connected and smart, the product combines ease of use with high-quality diffusion to create a new ritual for customers.
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Organic Aromas will acquire a new trademark for the design of a raindrop in 2021. The essential oil mixing lab kit, as well as the attar nebulizing diffuser and the ultimate blending guide ebook, are now available for purchase online. The kit is packaged in a small, portable container that makes it convenient to use on the road.
Key Players –
Ryohin Keikaku Co.Ltd (Muji)
Neal’s Yard Limited
Stadler Form Aktiengesellschaft
By Products –
Ultrasonic Aromatherapy Diffuser
Evaporative Aromatherapy Diffuser
Aromatherapy Heat Diffuser
By Application –
Residential Aromatherapy Diffuser
Commercial Aromatherapy Diffuser
Spa & Salon Aromatherapy Diffuser