Uncategorized
Aromatherapy Global Market Report 2022: by Product Type, Delivery Outlook, Application, End-use, Distribution Channel and Region
Aromatherapy Global Market Report 2022: by Product Type, Delivery Outlook, Application, End-use, Distribution Channel and Region
PR Newswire
DUBLIN, Jan. 24, 2023
DUBLIN, Jan. 24, 2023 /PRNewswire/ — The “Aromatherapy Global Market Report 2022” re…
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Aromatherapy Global Market Report 2022: by Product Type, Delivery Outlook, Application, End-use, Distribution Channel and Region
PR Newswire
DUBLIN, Jan. 24, 2023
DUBLIN, Jan. 24, 2023 /PRNewswire/ -- The "Aromatherapy Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global aromatherapy market.
The global aromatherapy market is expected to grow from $1.63 billion in 2021 to $1.76 billion in 2022 at a compound annual growth rate (CAGR) of 8.15%. The aromatherapy market is expected to grow to $2.49 billion in 2026 at a compound annual growth rate (CAGR) of 9.11%.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Major players in the aromatherapy market are doTERRA, Young Living Essential Oils, Edens Garden, Mountain Rose Herbs, Plant Therapy Essential Oils, Rocky Mountain Oils, LLC, Florihana, Falcon, Biolandes, Stadler Form Aktiengesellschaft, Hubmar International, SpaRoom, Now foods , Zija international, and Nu skin.
The aromatherapy market consists of sales of aromatherapy equipment and consumables by entities (organizations, sole traders, and partnerships) that refer to devices which utilizes essential oils extracted from nature, such as plants, either to be inhaled or applied on the body to promote health and well-being. The aroma molecules in essential oils move straight from the olfactory nerves to the brain when inhaled, affecting the amygdala, the brain's emotional center. Aromatherapy helps in reducing pain, enhances sleep quality, reduces joint pain, reduces stress, and others.
The main types of aromatherapy products include equipment and consumables. The aromatherapy equipment refers to electronic or non-electronic device, that breaks down essential oil into molecules and disperses them into air in the form of tiny breathable particles. They are delivered through topical application, areal diffusion, and direct inhalation. They are used for relaxation, skin & hair care, pain management, cold & cough, scar management, insomnia, and others. They are sold through B2B and DTC channels to customers from home use, sap & wellness centers, hospitals & clinics, yoga & meditation centers.
Western Europe was the largest region in the aromatherapy market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aromatherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rising stress, anxiety, and depression among people is driving the growth of the aromatherapy market. The COVID-19 pandemic has caused numerous changes in individual lives, including uncertainty, disrupted daily routines, financial strains, and social isolation, leading to increased tension, worry, and sadness.
The individuals are looking out for ayurvedic and chemical free methods such as aromatherapy to reduce, anxiety and depression. According to a scientific brief issued today by the World Health Organization (WHO) in March 2022, the global occurrence of anxiety and sadness soared by a staggering 25% in the first year of the COVID-19 pandemic. Therefore, the rising stress, anxiety, and depression among people is expected to boost demand for aromatherapy during forecast period.
Product innovation is a key trend gaining popularity in the aromatherapy market. The companies are focusing on developing innovative equipment and consumables with greater effectiveness to meet the customer demand and strengthen their business reach.
One of the recent developments in aromatherapy is usage of CBD in aromatherapy and diffusers. CBD oil is similar to essential oils, made from the direct extraction of oil from the cannabis plant. It has the potential to provide an even higher degree of treatment, hence extending the therapeutic advantages of essential oils. Adding CBD to the mix produces a whole new level of medicinal value that can be much more soothing, has more profound stress relief, and can help control symptoms like inflammation and pain.
In January 2022, Martha Stewart CBD, a brand operated by Canopy Growth, a USA-based provider of cannabis and cannabis-based consumer products, lunched new line of products sleep science CBD cream and Daily De-Stress CBD cream with aroma technology.
In January 2022, Mensa Brands, an India-based company specializing in fashion and apparel, home and garden, beauty, and personal care, acquired Florona for an undisclosed amount. This acquisition will help them create a line of aromatherapy bath products and natural skincare and haircare solutions, expand their footprint into new areas, and build a tech-driven global supply chain. Florona is personal care brand involved in providing aromatherapy and natural personal care products. Florona offers over 70 different kinds of natural oils, including diffuser essential oils and cold-pressed carrier oils.
The countries covered in the aromatherapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Key Topics Covered:
1. Executive Summary
2. Aromatherapy Market Characteristics
3. Aromatherapy Market Trends And Strategies
4. Impact Of COVID-19 On Aromatherapy
5. Aromatherapy Market Size And Growth
5.1. Global Aromatherapy Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aromatherapy Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aromatherapy Market Segmentation
6.1. Global Aromatherapy Market, Segmentation By Product Type , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Consumables
- Equipment
6.2. Global Aromatherapy Market, Segmentation By Delivery Outlook, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Topical Application
- Aerial Diffusion
- Direct Inhalation
6.3. Global Aromatherapy Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Relaxation
- Skin & Hair Care
- Pain Management
- Cold & Cough
- Insomnia
- Scar Management
- Others
6.4. Global Aromatherapy Market, Segmentation By End-Use , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Home Use
- Spa & Wellness Centers
- Hospitals & Clinics
- Yoga & Meditation Centers
6.5. Global Aromatherapy Market, Segmentation By Distribution Channel , Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- D2C
- B2B
7. Aromatherapy Market Regional And Country Analysis
7.1. Global Aromatherapy Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Aromatherapy Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/blbxpb
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Uncategorized
Inversions, Bear Steepening Dis-Inversions, and Recessions
Does it matter if spreads are dis-inverting because short yields are falling, or long yields are rising? MacKenzie and McCormick (Bloomberg) say yes. With…
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Does it matter if spreads are dis-inverting because short yields are falling, or long yields are rising? MacKenzie and McCormick (Bloomberg) say yes. With long yields rising…
If it looked at first glance as though the shift in the yield curve was a solidly positive sign — one indicating that the economy is now at less risk of a recession than it was — that’s probably not the case. True, it shows traders aren’t expecting the Fed to shift into firefighting mode soon. Even so, it’s almost certain to further dampen the economy as it ripples through to mortgages, credit cards and business loans. That will tighten financial conditions further, which may be a welcome development to the Fed. The risk, though, is that it hits the brakes so hard that the economy stalls completely.
Does having a bull steepening prevent a recession? Figure 1, covering the Great Moderation, is somewhat conducive to that hypothesis, at least eyealling it. h
Figure 1: 10 year-3 month Treasury spread, % (blue, left scale), and 3 month change in 10yr-3mo spread, ppts (green, right scale). October observation for data through 10/13. NBER defined peak-to-trough recession dates shaded gray. Red arrows when 3 month change is positive during period when dis-inversion is occurring. Source: Treasury via FRED, NBER, and author’s calculations.
The evidence in favor of the bear steepening hypothesis is stronger when evaluating the proposition formally. I estimate probit models for (i) spread only, (ii) spread and short rate, and (iii) spread, short rate and 3 month change in spread. The 3 month change in spread is statistically significant and adds to the pseudo-R2.
(ii) Pr(recession=1)t+12 = 0.813 – 76.11spreadt + 9.80itshort
Pseudo-R2 = 0.28, Nobs = 241, bold denotes significant at 5% msl.
(iii) Pr(recession=1)t+12 = 0.736 – 98.37spreadt + 11.99itshort + 98.28Δ3spreadt
Pseudo-R2 = 0.34, Nobs = 241, bold denotes significant at 5% msl.
The recession probabilities are shown below.
Figure 2: Recession probability 12 month ahead estimated over the 1986-2023M10 period for spread (blue), for spread and short rate (tan), and spread, short rate, and 3 month change in spread (green). NBER defined peak-to-trough recession dates shaded gray. Source: NBER, and author’s calculations.
The bear-steepening specification implies 90% probability of recession in 2024M09, while it’s only 66.4% using the spread + short rate (peak probability for this specification is May 2024). Does this make me more pessimistic about avoiding a recession? Not really; the Ahmed-Chinn specification with the foreign term spread (but no steepening measure) was about 90.8% probability for September 2024.
recession yield curve fed recessionUncategorized
Inversions, Bear Steepening Inversions, and Recessions
Does it matter if spreads are dis-inverting because short yields are falling, or long yields are rising? MacKenzie and McCormick (Bloomberg) say yes. With…
Share this:
Does it matter if spreads are dis-inverting because short yields are falling, or long yields are rising? MacKenzie and McCormick (Bloomberg) say yes. With long yields rising…
If it looked at first glance as though the shift in the yield curve was a solidly positive sign — one indicating that the economy is now at less risk of a recession than it was — that’s probably not the case. True, it shows traders aren’t expecting the Fed to shift into firefighting mode soon. Even so, it’s almost certain to further dampen the economy as it ripples through to mortgages, credit cards and business loans. That will tighten financial conditions further, which may be a welcome development to the Fed. The risk, though, is that it hits the brakes so hard that the economy stalls completely.
Does having a bull steepening prevent a recession? Figure 1, covering the Great Moderation, is somewhat conducive to that hypothesis, at least eyealling it. h
Figure 1: 10 year-3 month Treasury spread, % (blue, left scale), and 3 month change in 10yr-3mo spread, ppts (green, right scale). October observation for data through 10/13. NBER defined peak-to-trough recession dates shaded gray. Red arrows when 3 month change is positive during period when dis-inversion is occurring. Source: Treasury via FRED, NBER, and author’s calculations.
The evidence in favor of the bear steepening hypothesis is stronger when evaluating the proposition formally. I estimate probit models for (i) spread only, (ii) spread and short rate, and (iii) spread, short rate and 3 month change in spread. The 3 month change in spread is statistically significant and adds to the pseudo-R2.
(ii) Pr(recession=1)t+12 = 0.813 – 76.11spreadt + 9.80itshort
Pseudo-R2 = 0.28, Nobs = 241, bold denotes significant at 5% msl.
(iii) Pr(recession=1)t+12 = 0.736 – 98.37spreadt + 11.99itshort + 98.28Δ3spreadt
Pseudo-R2 = 0.34, Nobs = 241, bold denotes significant at 5% msl.
The recession probabilities are shown below.
Figure 2: Recession probability 12 month ahead estimated over the 1986-2023M10 period for spread (blue), for spread and short rate (tan), and spread, short rate, and 3 month change in spread (green). NBER defined peak-to-trough recession dates shaded gray. Source: NBER, and author’s calculations.
The bear-steepening specification implies 90% probability of recession in 2024M09, while it’s only 66.4% using the spread + short rate (peak probability for this specification is May 2024). Does this make me more pessimistic about avoiding a recession? Not really; the Ahmed-Chinn specification with the foreign term spread (but no steepening measure) was about 90.8% probability for September 2024.
recession yield curve fed recessionUncategorized
Latin America takes global lead in preference for centralized exchanges: Report
According to Chainalysis, Latin American crypto users show a significant preference for centralized exchanges, in contrast to the worldwide pattern.
…
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According to Chainalysis, Latin American crypto users show a significant preference for centralized exchanges, in contrast to the worldwide pattern.
According to a recent report from blockchain analytics firm Chainalysis, Latin America has a distinct inclination toward centralized exchanges when compared to the rest of the world, as opposed to decentralized exchanges.
Published on October 11, Chainalysis stated that Latin America has the seventh-largest crypto economy in the world, trailing closely behind the Middle East and North America (MENA), Eastern Asia, and Eastern Europe.
However, it notes that crypto users in Latin America strongly favor using centralized exchanges:
Latin America shows the highest preference for centralized exchanges of any region we study, and tilts slightly away from institutional activity compared to other regions.
Furthermore, in some countries within the region, crypto activity by platform type significantly exceeds the global average. The worldwide average is 48.1% for centralized exchanges, 44% for decentralized exchanges, and 5.9% for other decentralized finance (DeFi) activities.
However, Venezuela shows a 92.5% preference for centralized exchanges, compared to a 5.6% preference for decentralized exchanges (DEXs).
Furthermore, it pointed out that Venezuela has a unique reason for its surging adoption, primarily attributed to a "complex humanitarian emergency."
Related: Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
The report explains that amid the COVID-19 pandemic in 2020, crypto played a pivotal role in directly assisting healthcare professionals in the country.
Therefore, crypto became a necessary form of value as traditional payments were difficult, given the government's refusal to accept international aid, influenced by political reasons.
On the other hand, Colombia shows a 74% preference for centralized exchanges, while decentralized exchanges account for just 21.1% of their preferences.
Meanwhile, three Latin American countries secured positions in the top 20 ranks on Chainalysis' Global Crypto Adoption Index. Brazil stands at the 9th position, with Argentina following at 15th, and Mexico at 16th.
At the global level, India claims the leading spot, with Nigeria and Vietnam securing second and third positions, respectively.
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