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Air Care Market Analysis: $19.24 Billion by 2029 With a CAGR of 6.7%
Air Care
Air Care Market Value Projection: How Much Will the Market Size by 2025?
The size of the air care market has consistently expanded in the past few years. It's set to escalate from a valuation of $14.29 billion in 2024 to an increased $14.84 billion in 2025, at a compound annual growth rate (CAGR) of 3.8%. Elements that have contributed to the growth in the historical stretch include rising consciousness about indoor air quality, growth in disposable income, an emphasis on health and wellness, urbanization trends, and economic progress.
What Will Be the Market Growth Forecat for Air Care in 2029?
Projections indicate a significant expansion in the air care market in the coming years, with a predicted value of $19.24 billion by 2029, thanks to a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this predicted growth during the forecast period include an increase in worries over indoor pollution, the incorporation of smart home technology, the rise of e-commerce, a focus on customization and individualization, and supportive regulations. Other trends forecasted for this period are advancements in air purification technology, the use of natural and botanical ingredients, a focus on aromatherapy and wellness, the introduction of contact-free and touch-free solutions, and partnering with home decor brands.
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What Are the Core Competitive Drivers in the Air Care Industry?
The escalation of pollution levels is anticipated to drive the expansion of the air care market in the future. The term pollution levels refer to the volume or count of pollutants existing in the environment, generally in air, water, or soil. Air care, also known as air pollution management, is crucial to lessen the detrimental impacts of air pollution on human health and the environment, thereby promoting better public health, mitigation of climate change, enhanced air quality, and environmental conservation. For instance, as per the United States Environmental Protection Agency, a government agency of the U.S., around 66 million tons of pollution was emitted by the U.S. in the year 2023, mainly leading to the formation of ozone, acid deposition, and deteriorated visibility. Hence, the escalation in pollution levels is fueling the expansion of the air care market.
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Which Air Care Market Segment Is Projected to See the Fastest Growth?
The air care market covered in this report is segmented -
1) By Product: Gel Air Fresheners, Electric Air Fresheners, Candle Air Fresheners, Spray Or Aerosol Air Fresheners, Liquid Air Fresheners, Other Products
2) By Price: Low, Medium, High
3) By Distribution Channel: Online, Offline
4) By Application: Rooms, Toilets, Other Applications
Subsegments:
1) By Gel Air Fresheners: Gel Beads, Gel Packs, Jar Or Container Gels
2) By Electric Air Fresheners: Plug-In Air Fresheners, Battery-Operated Air Fresheners, Scented Diffusers
3) By Candle Air Fresheners: Scented Candles, Decorative Candles, Soy Or Natural Wax Candles
4) By Spray Or Aerosol Air Fresheners: Trigger Spray Air Fresheners, Aerosol Cans, Odor Neutralizers
5) By Liquid Air Fresheners: Refillable Liquid Air Fresheners, Room Spray Liquids, Concentrated Liquid Refills
6) By Other Products: Incense Sticks, Air Purifiers With Scent Functionality, Car Air Fresheners
Which Trends Are Opening New Opportunities in the Air Care Market?
Product innovation is an emerging trend garnering significant attention in the air care market. Many of the key players in the market are dedicating their efforts to produce innovative products to fortify their market presence. For example, in February 2022, Yankee Candle Company Inc., a firm based in the United States and renowned for manufacturing and selling scented candles, candleholders, accessories, and dinnerware, unveiled its new Yankee Candle's well-living collection. This is a line-up of wellness-based fragrances, thoughtfully crafted to rejuvenate the spirit and inspire a sense of restoration and renewal. The collection boasts a color palette inspired by nature, a distinctly shaped square vessel, and a lid made from natural rubberwood. They are available in a variety of shapes and sizes, from a single wax melt to a medium square jar with three wicks, and a large square jar with two wicks.
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Who Are the Leaders in the Air Care Market?
Major companies operating in the air care market include 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., 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.
Which Regional Air Care Markets Offer the Greatest Growth Potential?
Europe was the largest region in the air care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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