SK Inc. and SK Energy jointly buy a major stake in Atom Power to expand its energy solution service portfolio.
The high-performance pieces include Unitefit technology– a fit system created with a spectrum of sizes, genders, and forms for a gender-neutral fit.
Cadillac will succeed the German automaker, which has been the Grand Slam's official vehicle since 2009 and has paid a reported US$9 million per year.
Wildtype's technology can significantly reduce carbon dioxide emissions from fishing, fish farming, and transportation, as well as protect the threatened marine ecosystem.
Home Run Inn recalls over 13,000 lbs. of its frozen pizza product over possible contamination of foreign objects.
Nexstar Media will purchase a 75% stake in CW Network from Warner Bros Discovery and Paramount Global.
Nongshim was beaten by smaller rivals Samyang and Ottogi in sales and failed to deal with higher logistics costs and raw materials.
Direct Selling Dominates the Aromatherapy and Essential Oils Market
SAN ANTONIO, Feb. 03, 2016 -- Verify Markets’ analysis of the Aromatherapy and Essential Oils Market shows that the global market was valued at over $7.5 billion in 2015 (http://www.verifymarkets.com/products/2016-aromatherapy-and-essential-oils-market). Fueled by exponential growth in the United States, companies are now realizing the global market potential and increasing adoption rates in the Asian markets. Major market participants, including dōTERRA and Young Living, are hedging their bets in Asia, specifically, China, Japan, Taiwan, Hong Kong, Singapore and Malaysia. This growth strategy will pay off in dividends as key players are planning for market saturation in the United States, currently the largest market valued at over $4 billion, around 2017-2018. Revenues for the United States are estimated to reach over $10 billion by 2022.
The direct sales channel dominates distribution with over 60 percent of the market. Consumers need to feel and smell the oils. They must also be educated about the benefits, initially, until they are familiar with the concept and products. These factors make direct selling a perfect catalyst for essential oils. dōTERRA is singularly responsible for the rapid category growth. By creating awareness through their MLM model, even competitors have cited an increase in sales from dōTERRA’s market presence.
Common market drivers include the proliferation of the health and wellness megatrend, consumer preferences towards organic and natural products, female purchasers, and increasing retail presence. Market restraints include questionable benefits, lack of standards, increasing competition and misinformation.
Key market participants include dōTERRA, Young Living, Nu Skin, NOW Foods, Muji, Tree of Life, Air Aroma, Neal’s Yard Remedies, SpaRoom, Scentsy, and Zija International (Améo), among others. The market is defined as the usage of essential oils for health and wellness via topical application, inhalation and ingestion.
This report provides an in-depth analysis of the aromatherapy and essential oils market in the United States, China, Japan and South Korea. The report captures the growth drivers, restraints, trends, market shares by revenue, market shares by product segment (essential oils, diffusers and personal care), key sales areas, company profiles, product pricing, and the latest developments. The base year of the study is 2015 and revenue forecasts are provided up to 2022. A copy of the Aromatherapy and Essential Oils Market research report can be obtained at http://www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn: https://www.linkedin.com/company/verify-markets.
Contact: Haley Rico Phone: 210-595-9687 Email: email@example.com