Home Fragrance Market Size, Share, Forecast Report 2024-2032

The global home fragrance market size was valued at USD 23.93 billion in 2023 and is projected to grow from USD 24.73 billion in 2024 to USD 38.41 billion by 2032, exhibiting a CAGR of 5.66% during the forecast period. The UN Department of Economic and Social Affairs (DESA) estimates that presently, nearly 55% of the world's population lives in urban areas. By 2050, the DESA projects, close to 68% of the global population will inhabit urban areas, adding 2.5 billion urban dwellers across the globe. Enlarging urban areas are hubs for pollution, heat, and unpleasant smells. Residential air fresheners provide relief from these nuisances and therefore, their demand is set to spike in the forthcoming years. These products are available in different fragrances derived from natural extracts such as fruits and flowers, which further incentivizes their purchase value for urban residents.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-fragrance-market-102422

According to the home fragrance market report, the value of this market stood at USD 23.93 billion in 2023. The report additionally shares the following information:

• 360-degree analysis of the market drivers and restraints and their influence of the share, size, and overall growth of the market;
• Comprehensive research into the regional and competitive dynamics of the market;
• In-depth study of each and every market segment; and
• Precise projections of the upcoming trends and prospects for the market.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝗛𝗼𝗺𝗲 𝗙𝗿𝗮𝗴𝗿𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:
‣ The Procter & Gamble Company (U.S.)
‣ The 3M Company (U.S.)
‣ S. C. Johnson & Son, Inc. (U.S.)
‣ Reckitt Benckiser Group plc (U.K.)
‣ Newell Brands (U.S.)
‣ Circle E Candles (U.S.)
‣ Esteban Paris (France)
‣ Broken Top Candle Company (U.S.)
‣ Bridgewater Candle Company (U.S.)

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/home-fragrance-market-102422

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿

𝗥𝗶𝘀𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗶𝗻 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗦𝗲𝗰𝘁𝗼𝗿 𝗼𝗳 𝗘𝗺𝗲𝗿𝗴𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗲𝘀 𝘁𝗼 𝗔𝗶𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻
Developing nations such as India and China have a booming real estate sector owing to rapid urbanization and industrialization. The thriving real estate market in these countries holds tremendous investment opportunities for both domestic and foreign players, which is one of the top home fragrance market trends. For example, a report published in the Economic Times in January 2020 revealed that Foreign Direct Investment (FDI) in the Indian real estate sector is projected to increase by 5%, equivalent to an infusion of roughly USD 6.5 billion in the coming decade. Moreover, emerging economies are expected to house the largest number of urban dwellers in the next few decades. For instance, the World Economic Forum (WEF) reports that China, Nigeria, and India will together account for approximately 33% of the rise in global urban population by 2050. The home scent market stands to benefit from these projections.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/home-fragrance-market-102422

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

𝗔𝘀𝗶𝗮-𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝘁𝗼 𝗦𝗵𝗼𝘄𝗰𝗮𝘀𝗲 𝗦𝗽𝗲𝗲𝗱𝗶𝗲𝘀𝘁 𝗚𝗿𝗼𝘄𝘁𝗵; 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 𝘁𝗼 𝗖𝗼𝗺𝗺𝗮𝗻𝗱 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲
With a revenue generation of USD 1,898 million in 2018, North America is poised to decidedly lead the home fragrance market share during the forecast period. Increasing demand for commercial and residential spaces in the US and Canada is anticipated to be the central growth driver for the market in this region.
Asia-Pacific is expected to be the fastest-growing region in this market, states the home fragrance market research, on account of growing urban population and rising disposable income, especially in India and China. In addition to these, development in the organized retail sector in this region will further support the expansion of the market.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗡𝗮𝘁𝘂𝗿𝗲-𝗯𝗮𝘀𝗲𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘁𝗼 𝗙𝘂𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻
According to the home fragrance market analysis, key players in this market are focusing on developing and launching products derived from natural raw materials. This is emerging as a popular strategy among companies that intend to widen their consumer base and entrench their position in the market.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Hand Wash Market
https://www.fortunebusinessinsights.com/hand-wash-market-102846

Home Décor Market
https://www.fortunebusinessinsights.com/home-decor-market-109906

Home Appliances Market
https://www.fortunebusinessinsights.com/home-appliances-market-107020

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
October 2022 - Antica Farmacista, a reed diffuser and other fresher products maker, launched a kit of 250ml Home Ambiance Diffuser, a nick

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This release was published on openPR.