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Global Aromatherapy Diffuser Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts
Global Aromatherapy Diffuser Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts
PR Newswire
DUBLIN, Jan. 16, 2023
DUBLIN, Jan. 16, 2023 /PRNewswire/ — The “Aromatherapy Diffuser Market: Global Industry Tr…
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Global Aromatherapy Diffuser Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts
PR Newswire
DUBLIN, Jan. 16, 2023
DUBLIN, Jan. 16, 2023 /PRNewswire/ -- The "Aromatherapy Diffuser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global aromatherapy diffuser market size reached US$ 1.84 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.82 Billion by 2027, exhibiting a CAGR of 7.38% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Aromatherapy diffusers are devices used to disperse natural fragrances by using essential oils. Rosemary, cedarwood, tea tree, chamomile, lavender, ylang-ylang, and clary sage are some commonly used compounds in aromatherapy diffusers. They assist in relieving stress, uplifting mood, reducing stress and anxiety, and improving sleep.
Aromatherapy diffusers also aid in enhancing the performance of the mind, immune system, and hormones. They are available in heat, candle diffuser, terracotta, ultrasonic, nebulizer, and clay variants. Apart from this, aromatherapy diffusers also work as humidifiers that keep the airways moist, assist in easy breathing, and eliminate the presence of certain bacteria in the air.
Global aromatherapy diffuser market is primarily being driven by the increasing product demand in the medical sector to treat insomnia, depression, anxiety, cognitive ailments, and stress-related disorders.
In line with this, the widespread product adoption in therapeutic applications due to its various medicinal properties, such as antiviral, anti-inflammatory, immunomodulatory, analgesic, antimicrobial, antiseptic, astringent, antispasmodic, and antiviral, is favoring the market growth.
Besides this, the increasing popularity of essential oils, such as eucalyptus and corymbia, as an effective alternative treatment against COVID-19 disease and other respiratory disorders is acting as a growth-inducing factor.
Additionally, the integration of the Internet of Things (IoT) in aromatherapy diffusers to automate fragrance dispersion in the environment by building a profile of users' needs is providing an impetus to market growth.
Furthermore, the launch of WiFi-enabled, smart, portable aromatherapy diffusers that offer a variety of essential oil scents in the form of individual cartridges is providing a considerable boost to the market growth.
Moreover, increasing product utilization in spas and wellness centers due to their high efficacy and positive impact on mental and physical health is creating a positive outlook for the market. Other factors, including rising expenditure capacities of consumers and easy product availability across e-commerce platforms, are anticipated to drive the market toward growth.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being doTERRA, Edens Garden, Hubmar Inc., Neal's Yard (Natural Remedies) Limited, NOW Foods, Nu Skin Enterprises, Organic Aromas, Pilgrim Collection, Puzhen Life Co. Ltd., Ryohin Keikaku Co. Ltd., vitruvi, Young Living Essential Oils LC and ZAQ.
Key Questions Answered in This Report:
- How has the global aromatherapy diffuser market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aromatherapy diffuser market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aromatherapy diffuser market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aromatherapy Diffuser Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Ultrasonic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Nebulizers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Evaporative
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Heat Diffuser
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Specialty Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Convenience Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Online Stores
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Spa and Relaxation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Residential
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Commercial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 doTERRA
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Edens Garden
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Hubmar Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Neal's Yard (Natural Remedies) Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 NOW Foods
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Nu Skin Enterprises
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Organic Aromas
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Pilgrim Collection
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Puzhen Life Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Ryohin Keikaku Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 vitruvi
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Young Living Essential Oils LC
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 ZAQ
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/tc5qgy
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Bitcoin mining can help reduce up to 8% of global emissions: Report
The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.
A paper published by the…
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The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.
A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition.
IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide.
Within the report, the authors also highlighted the important function of energy and the increasing need for reliable, clean and more affordable energy sources. Despite the criticisms of Bitcoin’s energy intensity, the study provided a more balanced view of Bitcoin by showing the potential benefits BTC can bring to the energy industry.
According to the report, Bitcoin mining can reduce global emissions by up to 8% by 2030. This can be done by converting the world’s wasted methane emissions into less harmful emissions. The report cited a theoretical case saying that using captured methane to power Bitcoin mining operations can reduce the amount of methane vented into the atmosphere.
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The paper also presented other opportunities for Bitcoin to contribute to the energy sector. According to the report, Bitcoin can contribute to energy efficiency through electricity grid management by using Bitcoin miners and transferring heat from miners to greenhouses.
“We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all,” the authors wrote.
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Green Bubble Burst: US ESG Fund Closures In 2023 Surpass Total Of Previous Three Years
Green Bubble Burst: US ESG Fund Closures In 2023 Surpass Total Of Previous Three Years
For years, green and socially responsible investments,…
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For years, green and socially responsible investments, aka ESG (Environmental, Social, and Governance), have dominated the investing world. However, according to Bloomberg, a seismic shift is underway as BlackRock and other money managers unwound an increasing number of 'green' products amid soaring backlash and investor scrutiny.
Data from Morningstar shows State Street, Columbia Threadneedle Investments, Janus Henderson Group, and Hartford Funds Management Group have unwound more than two dozen ESG funds this year. The latest unwind comes from BlackRock, who told regulators last Friday it plans to close two ESG emerging-market bond funds with total assets of $55 million.
So far this year, the number of ESG funds closing is more than the last three years combined. This trend comes as investors pull money out of these funds as the ESG bubble has likely popped.
We asked this question in early summer: Is The ESG Investing Boom Already Over?
In January, BlackRock's Larry Fink told Bloomberg TV at the World Economic Forum in Davos that ESG investing has been tarnished:
"Let's be clear, the narrative is ugly, the narrative is creating this huge polarization. "
Fink continued:
"We are trying to address the misconceptions. It's hard because it's not business any more, they're doing it in a personal way. And for the first time in my professional career, attacks are now personal. They're trying to demonize the issues."
By June, Fink's BlackRock dropped the term "ESG" following billions of dollars pulled out of its funds by Republican governors, most notably, $2 billion by Florida Gov. Ron DeSantis.
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Remember these comments from Fink?
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Also, let's not forget about the 'greenwashing' across ESG industry.
Matt Lawton, T. Rowe Price Group Inc.'s sector portfolio manager in the Fixed Income Division, recently concluded: "It's becoming increasingly difficult to find credible sustainability-linked bonds."
The tide is reversing for Fink: "Backfire: World's Fourth Largest Iron Ore Producer Stops Purchasing Carbon Offsets."
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Oops, Mr. Fink.
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Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs
The deal was first finalized in August, with Anchorage as another party agreeing to an equity stake in the bankrupt crypto miner.
Cryptocurrency…
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The deal was first finalized in August, with Anchorage as another party agreeing to an equity stake in the bankrupt crypto miner.
Cryptocurrency mining hardware maker Bitmain and bankrupt crytpto mining firm Core Scientific have agreed on a combination of equity and cash to finalize the deal on the expansion of mining facilities.
The deal between the two mining companies will see Bitmain supply 27,000 Bitcoin (BTC) mining rigs for $23 million in cash along with $53.9 million worth of common stock of the bankrupt firm. Apart from the mining hardware purchase deal, Bitmain and Core Scientific have signed a new hosting arrangement to assist Bitmain's mining operations.
The deal was finalized earlier last month when a court filing highlighted Bitmain’s plan to sell mining hardware in exchange for cash and equity as part of Core Scientific’s restructuring plan. Apart from Bitmain, the restructuring plan also included Anchorage, BlockFi and Mass Mutual Asset Finance. Apart from Anchorage, all other three firms chose a mix of cash and equity options to settle their claims.
Related: Core Scientific appoints Adam Sullivan as CEO amid restructuring process
The expansion and investment plan by Bitmain will come into force by the fourth quarter of this year pending approval from a judge slated for the final quarter. Once approved, the added hardware will potentially add 4.1 exahashes to Core Scinfitic’s hash rate. The two crypto mining focused companies have also agreed to work together to upgrade Bitmain’s last-generation miners hosted at Core Scientific’s data centres to increase the firm's productivity further.
Core Scientific filed for Chapter 11 bankruptcy in December 2022, citing the financial crisis and declining price of Bitcoin as the key reasons behind their decision. The firm started facing trouble in the weeks leading upto its eventual collapse in December owing to the market turmoil.
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