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Air Care Market Size, Analysis, Trends 2024-2033
Air Care Market Size
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According to The Business Research Company's, The air care market size has grown strongly in recent years. It will grow from $13.62 billion in 2023 to $14.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing awareness of indoor air quality, rising disposable income, health and wellness focus, urbanization trends, economic growth.
The air care market size is expected to see strong growth in the next few years. It will grow to $18.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rise in concerns about indoor pollution, smart home integration, e-commerce growth, customization and personalization, regulatory suppor. Major trends in the forecast period include air purification technologies, natural and botanical formulations, aromatherapy and wellness, contactless and touchless solution, collaborations with home decor brands.
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Market Drivers and Trends:
The rise in pollution levels is expected to propel the growth of the air care market going forward. Pollution levels measure the concentration or number of pollutants present in the environment, typically in the air, water, or soil. Air care, or air pollution control, is essential for reducing the harmful effects of air pollution on human health and the environment, which provides improved public health, climate change mitigation, improved air quality, and environmental protection. For instance, in April 2023, according to the United States Environmental Protection Agency, a US-based Environmental Protection Government Agency, U.S. greenhouse gas emissions rose 5% in 2021. Additionally, CO2 emissions from burning fossil fuels grew by 7% in 2021. Therefore, the rise in pollution levels is driving the growth of the air care market.
Product innovation is a key trend gaining popularity in the air care market. Major companies operating in the air care market are concentrating on creating innovative products to strengthen their position in the air care market. For instance, in February 2022, Yankee Candle Company Inc, a US-based manufacturer and retailer of scented candles, candleholders, accessories, and dinnerware, launched the new Yankee Candle's well-living collection. It is a series of wellness-inspired scents designed to uplift the spirits and encourage restoration and rebirth. This collection features a color scheme influenced by nature, a unique square vessel shape, and a natural rubberwood lid. These are available in various shapes and sizes, including a single wax melt, a medium square jar with three wicks, and a large square jar with two wicks.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
The Procter & Gamble Company, Unilever plc, Henkel AG & Co. KGaA, Kimberly-Clark Corporation, Reckitt Benckiser Group Plc., S. C. Johnson & Son Inc, Newell Brands Inc.,The Clorox Company, Westinghouse Electric Corporation, Church And Dwight Co. Inc., Scentsy Inc., Godrej Consumer Products Ltd., Candle-lite Company, Car-Freshener Corporation, Farcent Enterprise Co. Ltd., Rexair LLC, Fresh Products LLC, California Scents, Beaumont Products Inc, Clean Control Corporation, AromaTech, Air Wick, The Claire Manufacturing Company, Odorchem Manufacturing Corp., Greenleaf Gifts, The Beeswax Candle Co, Moso Natural, Airance, Aariapure Private Limited, Hubmar Inc.
Air Care Market 2024 Key Insights:
• The air care market size is expected to see strong growth in the next few years. It will grow to $18.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Environmental Concerns And Rising Pollution Levels Fueling Growth In The Air Care Market
• Innovative Air Care Trends By Introducing Well-Living Collection For Uplifting Wellness-Inspired Scent
• Europe was the largest region in the air care market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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