Home Fragrances Market to Surge USD 10.31 billion by 2029, Industry Share, Size, Key Growth Drivers, Trends and Major Segmentation
“An influential Home Fragrances Market report contains the most recent market information, allowing companies to conduct in-depth analysis of the Home Fragrances Market industry and future trends. It also helps gauge brand awareness and insights among potential customers, uncovering uncertainties that may arise due to changes in business activities or the introduction of new products to the market. This market analysis report is a detailed study of the Home Fragrances Market industry, explaining market definitions, classifications, applications, engagements, and global industry trends. The Home Fragrances Market research report serves as a significant component of business strategy.
Furthermore, for businesses, understanding consumer demands, preferences, attitudes, and changing tastes regarding specific products is crucial. This valuable information can be gleaned from the credible Home Fragrances Market report. The report also sheds light on the various inhibitors and motivators of the product market in both quantitative and qualitative approaches, providing accurate information. The Home Fragrances Market report also presents an analysis of prime manufacturers, trends, opportunities, marketing strategies, market impact factors, and consumer needs across major regions, types, and applications globally, while considering the past, present, and future state of the Home Fragrances Market industry.
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Due to the rising disposable incomes and changing lifestyles among consumers in various regions, the demand for home fragrances has increased significantly. These perfumed items are created by a diverse range of market players for customers who want to leave their homes with a fresh scent that lingers long after they have left.
Data Bridge Market Research analyses that the home fragrances market was valued at USD 6.64 billion in 2021 and is expected to reach the value of USD 10.31 billion by 2029, at a CAGR of 5.65% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Home Fragrances Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 – 2019) |
| Quantitative Units | Revenue in USD billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product Type (Diffuser, Potpourri, Spray, Candle, Electric Air Freshener, Burner, Aroma Oil, Lamp), Form (Liquid, Dry, Solid) Fragrances (Lemon, Lavender, Jasmine, Rose, Sandalwood, Vanilla, Others), End-User (Home Care, Healthcare, Hospitality, Museums, Commercial, Others), Distribution Channel (Direct Sales, E-Commerce, Retail Stores, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | International Flavors & Fragrances, Inc. (U.S.), Sensient Technologies Corporation (U.S.), Givaudan S.A. (Switzerland), Symrise AG (Germany), Firmenich International S.A. (Switzerland), MANE FILS SA (France), Takasago International Corporation (Japan), ADM (U.S.), Mane SA (France), Robertet (France), T. Hasegawa (Japan), Bell Flavors & Fragrances (U.S.). |
| Opportunities |
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Market Definition
Home fragrances are used to mask unpleasant odours and are available in sprays, electric air fresheners, and other forms. These have numerous applications in the home, car, hospital, and office. These fragrances are made up of various aromas that can lighten up the mood while providing a stressful environment. Home fragrances are made of various ingredients such as eucalyptus, jasmine, and lavender.
Drivers
- growing trend of personalisation and use of aromatherapy
One of the key factors driving market growth is the growing popularity of personalised home fragrance products around the world. Furthermore, there is an increase in the use of aromatherapy, which uses essential oils and fragrance compounds to treat a variety of psychological and physical disorders such as headaches, pain, insomnia, eczema, stress-induced anxiety, depression, and digestive issues.
- Product innovations and growing use of environment friendly products
Product innovations like steam tablets and smart air fresheners are boosting the market’s outlook. Aside from that, consumers are increasingly opting for vegan and cruelty-free home fragrance products as they become more aware of the environmental, ethical, and health and wellbeing risks associated with using animal-derived products. This, combined with the thriving construction sector and the rapid expansion of online distribution channels, is expected to drive market growth in the coming years.
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The home fragrances market is segmented on the basis of product type, form, fragrances, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Diffuser
- Potpourri
- Spray
- Candle
- Electric Air Freshener
- Burner
- Aroma Oil
- Lamp
Form
- Liquid
- Dry
- Solid
Fragrances
- Lemon
- Lavender
- Jasmine
- Rose
- Sandalwood
- Vanilla
- Others
End users
- Home Care
- Healthcare
- Hospitality
- Museums
- Commercial
- Others
Distribution channel
- Direct Sales
- E-Commerce
- Retail Stores
- Others
The report can answer the following questions:
- Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Home Fragrances Market
- Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Home Fragrances Market
- Different types and applications of Home Fragrances Market share of each type and application by revenue.
- Global of Home Fragrances Market size (sales, revenue) forecast by regions and countries from 2022 to 2028 of Home Fragrances Market
- Upstream raw materials and manufacturing equipment, industry chain analysis of Home Fragrances Market
- SWOT analysis of Home Fragrances Market
- New Project Investment Feasibility Analysis of Home Fragrances Market
Key Questions Answered in This Report: –
- How has this Home Fragrances Market performed so far and how will it perform in the coming years?
- Which are the key product types available in this Home Fragrances Market?
- Which are the major application areas in the Home Fragrances Market?
- What are the key distribution channels in the global Home Fragrances Market?
- What are the key regions in this Home Fragrances Market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
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