Global Home Fragrances Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Home Fragrances Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global home fragrances market report has been segmented on the basis of the product type, distribution channel, and region.
Global Home Fragrances Market: Overview
Home fragrances are mainly used for removing the unwanted smell. Home fragrances products are very necessary and useful in day-to-day life and help to raise the smell of the house. Fragrances are the functional ingredients in various home care products for masking the unpleasant odors. Home fragrances are one of the essential items in various households for creating a favorable and satisfactory environment at homes. These home fragrances products are made up of different types fragrances including, jasmine, lavender, eucalyptus and others that are helpful for livening up the mood of every consumer, that helps in creating a stressful environment. Home fragrances have been categorized into various sachets, sprays, and electric air fresheners.
Global Home Fragrances Market: Dynamics
Increasing demand for regular and natural essential oils in home fragrance products and rising unrestricted income leading to increasing inclination of consumers towards various types of home fragrance products are the other major factors expected to drive the growth of the target market. In addition, increasing urban population and growing population globally and rising disposable income are other factors expected to drive demand of the target market. Furthermore, an increasing number of the health-conscious population across the globe and increasing new product launches and growth in the various home decor industry are among other factors expected to drive the growth of the target market over the fore coming years. However, there are many alternatives for home fragrances which can hamper the market growth over the forecast period.
Global Home Fragrances Market: Segment Analysis
Among the product type segment, sprays segment is dominating as sprays are generally cheap than scented oils and electric air fresheners and there is an increasing demand for scents. Among the distribution channel segment, the online channel segment is dominating at the forecast period as this increasing consumer preference for the supermarkets and hypermarkets mode for buying various home fragrance products and many millennials are also inclining towards online purchases as online purchasing is associated with various advantages including heavy discounts, heavy marketing activities taken up by the e-commerce giants, and home delivery options among others.
Global Home Fragrances Market: Regional Analysis
Currently, the North America market accounts for the major revenue share and is likely to drive growth over the forecast period. This is primarily attributed to increasing awareness related to a healthy lifestyle especially in countries such as China and India. Europe accounts for the moderate market share and is expected to drive the growth due to increased sales of various home fragrances of electric air fresheners, candles and wax melts in the United Kingdom. The market in the Asia Pacific is likely to register the fastest growth in the near future due to the rising number of middle-class population and growing disposable income, growing market of e-commerce in China and India are factors expected to drive the growth of the target market in the Asia Pacific region.
Global Home Fragrances Market Segmentation:
Segmentation by product type:
- Electric air fresheners
Segmentation by distribution channel:
- Supermarkets and hypermarkets
- Online channel
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- C. Johnson & Son Inc.
- Reckitt Benckiser Group plc
- The Procter & Gamble Company
- Newell Brands Inc.
- L Brands Inc.
- NEST Fragrances LLC
- Seda France, Inc.
- Illume Inc.
- Henkel AG & Co. KGaA
- Beaumont Products, Inc.
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