The Home Fragrance Global Market Report 2023 by The Business Research Company, provides home fragrance market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Home Fragrance Global Market Report 2023, the market size will grow from $7.06 billion in 2022 to $7.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global home fragrance is expected to grow to $10.72 billion in 2027 at a CAGR of 8.6%.
The increasing demand for natural essential oils in home fragrance products is expected to propel the growth of the home fragrance market. The use of natural essential oils is becoming increasingly popular as people place a greater emphasis on their health and well-being, as well as a favorable impression of aromatherapy. It is classified as a supplemental medicine that is used to improve one's health and well-being.
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The home fragrance market is segmented:
1) By Product Type: Candles, Room Sprays, Reed Diffuser, Essential Oils, Incense Sticks
2) By Fragrances: Lemon, Lavender, Jasmine, Rose, Sandalwood, Vanilla, Other Fragrances
3) By Distribution Channel: Supermarkets And Hypermarkets, Online Stores, Convenience Stores, Other Distribution Channels
4) By Form: Liquid, Dry, Solid
5) By End-User: Home Care, Healthcare, Hospitality, Museums, Commercial, Other End-Users
Technological innovations are shaping the home fragrance market. Technological innovations are the discovery of knowledge that advances technology. For instance, in February 2021, Glade, an American brand of household air fresheners owned by S. C. Johnson & Son, launched a new energy-efficient PlugIns Scented Oil PLUS, a device with a new smart-light technology to make it work more efficiently in homes. This device is used to fill any room with Glade’s popular and seasonal fragrances and with its rest mode, this scented oil warmer allows people to save energy and fragrance at the same time. In another instance, in December 2021, Pura, a US-based innovative smart home fragrance technology company, partnered with Kenneth Cole for the development of two new smart home scent diffuser brands, "Aim to Teas" and "Go Fig-ure." Pura utilized scientific tools to relate perfumes with well-being while producing these aromas, giving them a wholly new sensation and deeper significance.
The home fragrance market report table of contents includes:
1. Executive Summary
2. Home Fragrance Market Characteristics
3. Home Fragrance Market Trends And Strategies
4. Home Fragrance Market – Macro Economic Scenario
5. Home Fragrance Market Size And Growth
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26. Africa Home Fragrance Market
27. Home Fragrance Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Home Fragrance Market
29. Home Fragrance Market Future Outlook and Potential Analysis
30. Appendix
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In this report, our team offers a comprehensive analysis of Home Fragrance market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-home-fragrance-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Arechipelago• Johnson SC• Nest• Gold Canyon• Sedafrance• Northern lights• Illume• Virginia candle company• Paddywax• Voluspa• Newell Brands On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Premium Products• Mass Market Products By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Department Stores• Specialist Stores• Specialist Online By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-home-fragrance-market-2020-2026 Table of Contents Global Home Fragrance Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Premium Products1.3.2 Mass Market Products1.4 Application Overview1.4.1 Department Stores1.4.2 Specialist Stores1.4.3 Specialist Online1.5 Industrial Chain1.5.1 Home Fragrance Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Premium Products2.1.2 Mass Market Products2.2 The Overall Market Performance(Value)2.2.1 Premium Products2.2.2 Mass Market Products 3 Global Home Fragrance Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Department Stores3.3 Specialist Stores3.4 Specialist Online 4 Competitive Analysis4.1 Arechipelago4.1.1 Arechipelago Profiles4.1.2 Arechipelago Product Information4.1.3 Arechipelago Home Fragrance Business Performance4.1.4 SWOT Analysis4.2 Johnson SC4.2.1 Johnson SC Profiles4.2.2 Johnson SC Product Information4.2.3 Johnson SC Home Fragrance Business Performance4.2.4 SWOT Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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The global home fragrance market size is expected to reach USD 9.1 billion by 2025, expanding at a CAGR of 4.4% over the forecast period, according to a new report by Radiant Insights, Inc. High demand for home fragrances, growing need for aromatherapy at households, introduction of new aesthetic pleasing products, change in consumer preferences, and improved standard of living are driving the global market.
Availability of home scents is increasing in these channels due to growing trend of improved lifestyle and need for a relaxed environment with aroma.
This segment consists of lavender, jasmine, and rose fragrances applicable for bedrooms and washrooms.
Key players in the global market include Reckitt Benckister; Procter and Gamble; Godrej; S. C. Johnson & Son, Inc.; Air Esscentials; Newell Brands; 3M company; Scent Air; Esteban Paris; and Korona Candles S.A. Further key findings from the study suggest: • By product,candles are expected to register a CAGR of 4.1% from 2019 to 2025, followed by diffusers with a CAGR of 3.9%.
Product demand is growing in Asia Pacific due to increase in awareness and changing taste and preference for home odor • The home fragrance market is highly competitive due to presence of the main players including Reckitt Benckister; Procter and Gamble; Godrej; and S. C. Johnson & Son, Inc. • Newell Brands joined hands with Wood Wick and Chesapeake Bay Candle brands in 2017 to expand its product portfolio • Various manufacturers are concentrating on new product launches and capacity expansion to estimate existing and future demand patterns from upcoming product segments.
Industry Value Chain Analysis 3.3.1.
