Demand For Laundry Scent Booster Forecasted To Surpass US$ 1.3 Bn In Valuation By The End Of 2031
As per the survey by Fact.MR, the global laundry scent boosters market is estimated to total a valuation of US$ 497 million in 2021. Driven by the growing consumer awareness about maintaining hygiene, the market is projected to surpass a valuation of US$ 1.3 billion through 2031.Historically, the market registered a growth of 8.2% between 2016 and 2020. Consumers across the globe are increasingly becoming concerned about keeping their clothes clean, especially with the onset of the coronavirus pandemic. Driven by this, the sale of laundry scent boosters is likely to rise at a CAGR of 9.2% over the forecast period 2021 to 2031.
Consumers around the world have become more willing to adopt new ways of laundry cleaning. This has presented impressive opportunities to the market players. Focus on innovations is therefore at all-time high. For instance, some of the leading manufacturers are including active ingredients to offer higher quality of scent boosters. Driven by these trends, the sales of liquid laundry scents are expected to increase by 11.8% CAGR through the assessment period.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=477?Ps
As per Fact.MR, online sales channels are poised to expand at an impressive CAGR of 12.8%, accounting for nearly 23% of the sales in 2021. Expansion of e-commerce in emerging economies such as India, China, Brazil, and others, will help online sales channels contribute nearly 29% of the global sales by the end of the assessment period.
"Leading laundry scent boosters companies are shifting their focus towards new product development with innovative fragrances. They also are using natural ingredients to meet the changing consumer preference in favor of organic products," says a Fact.MR analyst.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐๐ฎ๐๐ป๐ฑ๐ฟ๐ ๐ฆ๐ฐ๐ฒ๐ป๐ ๐๐ผ๐ผ๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐ฟ๐๐ฒ๐
โข The global demand for laundry scent boosters is forecast to register a year-on-year (YoY) growth of 8.7% between 2020 and 2021.
โข The U.S. is expected to lead North America market, accounting for sales revenue of nearly US$ 163 million over the assessment period.
โข The laundry scent boosters market in the U.K. is estimated to hold the highest share in Europe, expanding at a healthy CAGR of 7.6% through 2031.
โข The Germany market is projected to contribute a revenue share of more than US$ 42.5 million in 2021, growing at a CAGR of 8.2% by the end of the next decade.
โข Based on form, the liquid laundry scent booster is anticipated to account for 63% of the market share.
๐๐ฒ๐ ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐
โข Rising concerns regarding health and hygiene among global population is spurring the sales of laundry scent boosters.
โข Growing number of working women is expected to help driving the growth of the market.
๐๐ฒ๐ ๐ฅ๐ฒ๐๐๐ฟ๐ฎ๐ถ๐ป๐๐
โข Lack of acceptance among low-income consumers in the emerging economies is hampering the sales of laundry scent boosters.
โข Presence of substitutes such as scented detergents is posing a challenge for the market growth.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=477?PS
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Leading players are focusing on introducing new products with different fragrances to expand their product portfolio and entering into strategic mergers, collaborations, and acquisition with other industry player to increase their sales across various regions. For instance,
โข In 2020, Firmenich, one of the largest fragrance and taste companies headquartered in Switzerland, introduced its new product line for laundry care. It is the world's first laundry care fragrances infused with AI (artificial intelligence) with human creativity.
โข Gain, a leading laundry detergent manufacturer, announced introducing new laundry care product, Original Fireworks In-Wash Scent Booster. The company states that fragrance in the clothes can last up to 12 weeks in storage.
Some of the leading market players operating in the laundry scent boosters market profiled by Fact.MR are:
โข Kyowa Kirin, Inc.
โข Pfizer Inc.
โข GlaxoSmithKline plc.
โข AbbVie Inc. (Allergan plc)
โข Merck & Co., Inc.
โข Bausch Health Companies Inc.
โข Novartis AG
โข Ono Pharmaceutical Co., Ltd.
โข Camurus AB
โข Heron Therapeutics, Inc.
๐ ๐ผ๐ฟ๐ฒ ๐ฉ๐ฎ๐น๐๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ผ๐ป ๐๐ฎ๐๐ป๐ฑ๐ฟ๐ ๐ฆ๐ฐ๐ฒ๐ป๐ ๐๐ผ๐ผ๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Fact.MR, in its new report, offers an unbiased analysis of the global laundry scent boosters market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in laundry scent boosters market with detailed segmentation:
By Use Case:
โข In-wash Laundry Scent Boosters
โข After-wash Laundry Scent Boosters
By Fragrance:
โข Floral Laundry Scent Boosters
โข Fresh Laundry Scent Boosters
โข Apple Laundry Scent Boosters
โข Lavender Laundry Scent Boosters
โข Linen Laundry Scent Boosters
โข Vanilla Laundry Scent Boosters
โข Wood Laundry Scent Boosters
โข Others
By Form:
โข Laundry Scent Booster Beads
โข Laundry Scent Booster Crystals
โข Laundry Scent Booster Pacs
โข Laundry Scent Booster Liquid
โข Laundry Scent Booster Sprays
โข Laundry Scent Booster Powder
โข By Claim (% demand assessment):
โข No Artificial Additives
โข Biodegradable
โข Cruelty-free
โข Recyclable
โข Natural
โข Vegan
โข Paraben-free
By Packaging Type:
โข Laundry Scent Booster Bottles
โข Laundry Scent Booster Tubs
โข Laundry Scent Booster Sachets/Pouches
By Sales Channel:
Offline Sales of Laundry Scent Boosters
๏ง Modern Trade
๏ง Convenience Stores
๏ง Discount Stores
๏ง Multi Brand Stores
๏ง Mom and Pop Stores
๏ง Drug Stores
๏ง Independent Retailers
๏ง Other Sales Channels
Online Sales of Laundry Scent Booster
๏ง Company Websites
๏ง Third-party Online Sales
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/477?PS
๐๐ฒ๐ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐๐ต๐ฒ ๐๐ฎ๐๐ป๐ฑ๐ฟ๐ ๐ฆ๐ฐ๐ฒ๐ป๐ ๐๐ผ๐ผ๐๐๐ฒ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐
โข The market survey also highlights projected sales growth for laundry scent boosters market between 2021 and 2031
โข The report offers insight into laundry scent boosters demand outlook for 2021-2031
โข Laundry scent boosters market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
โข Laundry scent boosters market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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Tel: +1 (628) 251-1583
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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