Aromatherapy Diffusers Market growing at a CAGR of 8.6% from 2024 to 2030
The global aromatherapy diffusers market size was estimated at USD 1,794.4 million in 2023 and is projected to grow at a CAGR of 8.6% from 2024 to 2030. The market growth is anticipated to be driven by increasing consumer disposable income coupled with the need to maintain a healthy lifestyle.
Key Market Trends & Insights
- North America dominated the global aromatherapy diffusers market with the revenue share of 43.9% in 2023.
- Based on country, U.S. dominated the North America market with a share of 54% in 2023.
- By product, the ultrasonic segment held a significant share of 66.9% in 2023.
- By distribution channel, the retail segment is anticipated to witness substantial growth over the forecast period.
- By application, the spa & relaxation application segment dominated the market in 2023.
Market Size & Forecast
- 2023 Market Size: USD 1,794.4 Million
- 2030 Projected Market Size: USD 3,192.3 Million
- CAGR (2024-2030): 8.6%
- North America: Largest market in 2023
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Moreover, numerous health benefits of essential oils are projected to fuel the product demand. Rising awareness, particularly in developed economies, regarding the various benefits of aromatherapy for stress, depression, and anxiety relief is anticipated to boost the demand for various kinds of diffusers. Inhalation of essential oils through diffusers has no direct side effects unless consumed orally or applied directly to the skin. This factor acts as a major growth driver for the market.
The U.S. occupies the majority share of the North America regional market. Ultrasonic diffusers and nebulizers are widely used by therapists in this region owing to the capability of the products to preserve the therapeutic contents of the oils. In addition, favorable laws and regulations for the cultivation of essential oil crops are expected to boost the regional product demand in the coming years. The demand for relaxing and pleasantly aromatic ambiance at offices is likely to positively influence the number of products in the market. The expansion of end-use industries in emerging markets has also played a role in propelling market growth. However, the limited availability of raw materials, such as essential oils, and stringent laws in contradiction of harvesting and cultivation, are considered to be restraining factors for industry growth.
Ecosystem depletion on account of extensive extraction of essential oils coupled with growing environmental concerns regarding the disposal of plastic and glass used for manufacturing the diffusers is expected to hinder the growth. To overcome such challenges, the market has shifted its focus toward developing environmentally friendly products using bio-based BPA-free plastics. The capital cost for aromatherapy diffuser manufacturing is high; hence, companies have been outsourcing their production to countries, such as China and India, with inexpensive labor and raw materials. Moreover, the presence of a large, unregulated domestic market in Asia Pacific and Middle East has been posing a threat to major multinational corporations, in terms of the low-cost technology offered, creating a price gap in the global market.
Market Concentration & Characteristics
Market growth stage is high, and pace of its growth is accelerating. The market is characterized by a high degree of innovation owing to rapid technological advancements, such as diffusers with Bluetooth capabilities, enabling users to play soothing music or control the device through a mobile app. Furthermore, ultrasonic technology has become standard, providing a quiet and efficient diffusion process.
Key strategies undertaken by major players include new product development, strategic partnerships, and expansions. In March 2022, The Gift of Scent launchedUSB diffusers. Consumers can choose between two scents, lavender or peppermint, for The Gift of Scent’s Aromatherapy USB-powered essential oil diffusers.
Many consumers are looking for products that are environmentally friendly and have a low carbon footprint. As a result, manufacturers are increasingly using eco-friendly materials and incorporating energy-efficient features in their products. Which will further drive the product demand.
The industry is impacted by various regulations and standards aimed at promoting sustainability and eco-friendliness. For instance, the Leadership in Energy and Environmental Design (LEED) program offers certification for buildings that meet certain sustainability standards, including indoor air quality.
Aromatherapy Diffusers Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 1,942.5 million |
|
Revenue forecast in 2030 |
USD 3,192.3 million |
|
Growth rate |
CAGR of 8.6% from 2024 to 2030 |
|
Historical data |
2018 – 2022 |
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Forecast period |
2024 – 2030 |
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Quantitative units |
Revenue in USD million, volume in units, and CAGR from 2024 to 2030 |
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Report coverage |
Revenue & volume forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, distribution channel, application, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Canada; Mexico; Germany; UK; France; China; India; Japan; Brazil; Argentina; Saudi Arabia; UAE |
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Key companies profiled |
Young Living Essential Oils; NOW Foods; dōTERRA International; SpaRoom; Muji; GreenAir, Inc.; Vitruvi LC; ESCENTS; Organic Aromas; Puzhen; Ellia; Pilgrim; Edens Garden; NOW Foods; Rocky Mountain Oils, LLC; Helias Oils; Stadler Form |
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Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |