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Home Fragrance Market 2023 : By Share, Growth, Segments And Top Players Analysis | Voluspa, Newell Brands, NEST Fragrances LLC, Godrej Aer., Reckitt Benckiser Group PLC
Home Fragrance Market Growth
As per the Home Fragrance market report by The Business Research Company, 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.
The global home fragrance market size grew 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 home fragrance market size is expected to grow to $10.72 billion in 2027 at a CAGR of 8.6%.
Read More On The Home Fragrance Market Report Here:
https://www.thebusinessresearchcompany.com/report/home-fragrance-global-market-report
Major competitors in the Home Fragrance market include S. C. Johnson & Son Inc., Voluspa, Newell Brands, NEST Fragrances LLC, Godrej Aer., Reckitt Benckiser Group PLC., The Procter & Gamble Company, Seda France, ScentAir, 3M Company, Bougie Et Senteur, Bath & Body Works LLC, The Estee Lauder Companies Inc., Faultless Brands, Air Essentials, Esteban Paris, Korona Candles S.A, Illume Inc., Faultless Brands, and Ripple Fragrances Pvt. Ltd.
The Home Fragrance market is segmented -
By Product Type: Candles, Room Sprays, Reed Diffuser, Essential Oils, Incense Sticks
By Fragrances: Lemon, Lavender, Jasmine, Rose, Sandalwood, Vanilla, Other Fragrances
By Distribution Channel: Supermarkets And Hypermarkets, Online Stores, Convenience Stores, Other Distribution Channels
By Form: Liquid, Dry, Solid
By End-User: Home Care, Healthcare, Hospitality, Museums, Commercial, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Home Fragrance market.
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A home fragrance is a mixture of organic compounds that emits a characteristic aroma or smell that is now becoming as important a feature of home design as any piece of furniture or decor. Home fragrances are intended to scent the air or mask odors to create a pleasant interior atmosphere. Home fragrance products are inexpensive, aromatic, aid in the maintenance of air quality, and serve as a source for removing unpleasant odours.
The Table Of Content For The Home Fragrance Market Include:
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
……
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
The "Global Home Fragrance Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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