The nebulizing diffuser market is expected to grow significantly over the forecast period, according to a recent Fact.MR study (2021-2031). A significant increase in the number of people opting for aromatherapy has given the industry a positive outlook. Furthermore, the nebulizing diffuser market is expected to grow 2.5 times over the next five years (2021-2031).
What’s Driving Nebulizing Diffuser Demand?
Diffuser sales are expected to increase as lifestyle trends change, such as a shift toward natural products and increased awareness of the negative effects of synthetic products.
Additionally, among the health-conscious population, there has been a shift in consumer preferences. Consumers are shifting their attention to organically derived products, such as plant-derived essential oils, which provide additional benefits beyond their traditional use, boosting diffuser sales.
Aromatherapy has been identified as a major driver of nebulizing vaporizer demand and sales.
There has been a significant increase in awareness of mental health and anxiety issues over the years. Furthermore, to address this issue, people are turning to aromatherapy, a proven method that uses organic oils and is gaining popularity among the urban population.
Additionally, new ingredients such as peppermint oil, orange oil, lemon oil, and eucalyptus oil have given consumers a wider range of products to choose from, resulting in a significant increase in diffuser sales worldwide.
Furthermore, increased R&D activities have resulted in advancements in oil extraction techniques, making the process more efficient and boosting essential oil production and sales.
Market for Nebulizing Diffusers in North America
Because of the growing number of health-conscious consumers and increased awareness of mental health issues, North America is expected to grow 200 BPS faster than the industry average.
Furthermore, over the last decade, North American consumption of natural and organic products has increased nearly threefold, resulting in increased demand for essential oils and, eventually, nebulizing diffusers.
Furthermore, online sales in the United States have emerged as a major driver of growth, with market players offering a diverse product lineup to consumers at a reasonable price. For example, in 2019, US consumers spent around US$14 billion on online sales, resulting in a surge in diffuser sales, which is expected to continue in the forecast period (2021-2031).
Market for Nebulizing Diffusers in Asia Pacific
The Asia Pacific market is expected to grow due to rapid urbanisation and an increase in recreational activities. The region, which is a leader in organic and natural product production, will see significant growth in both production and sales.
Furthermore, the region has established a prominent growth as demand and sales are projected to be 100 BPS higher than the industry average over the next decade, growing at a higher single digit CAGR.
Furthermore, the high consumer base in the region, combined with a hectic and busy lifestyle, is a major contributor to the growth of nebulizing diffusers.
For List of Key Players and Full Segmentation, Ask for a Sample Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=6375