It is estimated that the global aromatherapy machine market size will reach US$1.21 billion in 2030, with a compound annual growth rate (CAGR) of 5.3% in the next few years.

Aromatherapy Machines, Global Market Size, By Product Type, Small Aromatherapy Machines Dominate.

In terms of product types, small aromatherapy machines are currently the main segmented products, accounting for about 77.7% of the market share.

Aromatherapy machines, global market size, segmented by application, commercial use is the largest downstream market, accounting for 56.9% of the market share.

In terms of product application, commercial use is currently the main source of demand, accounting for approximately 56.9% of the market share.

Main driving factors:

From big-name perfumes to niche salon fragrances, from candles, essential oils to diffusers and aromatherapy, aroma products that can bring sensory pleasure and stimulation are rapidly entering the daily lives of young people in China. Aromatherapy machines are increasingly popular among the younger generation for their relatively low price and practicality. Generation Z has made the connection between fragrance products and themselves more clear and close, and it has become one of the media for them to discover and express themselves.

Main obstacles:

The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same as in 2023. The economic growth rate of developed economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in the growth of emerging market and developing economies, which is expected to slow from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast value of global economic growth in five years is 3.1%, the lowest level in decades. In addition, the global political landscape is turbulent, and the Russian-Ukrainian conflict has profoundly affected the future world geopolitical landscape. Behind the Russian-Ukrainian conflict, there is a profound geopolitical background and historical origin. It is the result of multiple factors such as historical culture, ethnic conflicts, geopolitics, and great power games. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly divided.

Industry development opportunities:

In modern society, young people feel more and more lonely and anxious; home fragrance products are significantly helpful for sleep and calming the nerves. It is not difficult to see that the role of fragrance in urban people's anti-anxiety and relief of sleep problems has gradually received attention, and has become one of the ways for contemporary stressed people to gain emotional freedom.