Global Scent Diffusers Market Overview:
Scent Diffusers are devices that break down essential oils into tiny molecules and disperse them into the air for a pleasant or soothing impact, depending on the oil used. Scent Diffuser is important for maintaining a healthy mentality and increasing one's quality of life. Consumers are forming deep emotional bonds with their homes these days, which has increased the need for home scents to create a personalised, memorable, and calming experience. As a result, this component has a considerable impact on the smell diffuser's growth. Furthermore, the growing consumer demand for new and unusual fragrances, as well as the elimination of unwanted odours, has propelled market expansion.
Growth Drivers
- Increasing Adoption of Smart Diffusers
- Rising Demand from Restaurants and Hotels
Roadblocks
- Strict Rules and Regulations against Manufacturing of Scented Diffusers
- Limited Availability of Essential Oils
Opportunities
- Growing E-Commerce Sector
- Increased Demand for Essential Oil
Challenges
- High of Allergic Reaction
- The Fragrance Oil Used in Diffusers is Highly Toxic, thus Ingesting it is Dangerous
Competitive Landscape:
The demand for Scent Diffusers is increasing. The industry is segmented, but it is predicted to grow as rise in consumer disposable income and increasing demand from residential sector, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position.
Some of the key players profiled in the report are Unilever (United Kingdom), Procter & Gamble (United States), Firmenich (Switzerland), Godrej Group (India), SC Johnson (United States), The White Company (United Kingdom), Newell Brands (United States), dōTERRA (United States), Bougie et Senteur (France) and Givaudan (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like Voluspa (United States), Prestige Personal Care (United Kingdom) and Cocod'or (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Scent Diffusers market by 2027. Considering Market by Product Form, the sub-segment i.e. Aerosol will boost the Scent Diffusers market. Considering Market by Distribution Channel, the sub-segment i.e. Online {Brand Website, E-Commerce Website} will boost the Scent Diffusers market. Considering Market by Scent Type, the sub-segment i.e. Agave will boost the Scent Diffusers market. Considering Market by End-User, the sub-segment i.e. Residential will boost the Scent Diffusers market.
Latest Market Insights:
In February 2020 Givaudan had announced the acquisition of Ungerer. This acquisition fits perfectly with Givaudan long-term vision for their core business of flavours and perfumes. Because of the high quality of Ungerer speciality ingredients and their strong position in the fast-growing local and regional client segment, they have an outstanding reputation in the market.
What Can be Explored with the Scent Diffusers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Scent Diffusers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Scent Diffusers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Scent Diffusers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Scent Diffusers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Raw Material Suppliers, Scent Diffuser Manufacturer, Scent Diffuser Distributors and Suppliers, Analysts and Strategic Business Partners and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.