Home Fragrance Products Market to Witness Exponential Growth by 2027End

Home Fragrance Products Market – Used to give agreeable scent to living space.

Fragrance is used as a functional ingredient in domestic care products to mask odor. These products include different aromas, for instance, jasmine, eucalyptus, and lavender, which help to elevate the mood, resulting in a stress-free environment.

Rise in Standard of Living and Disposable Income to drive the Global Home Fragrance Products Market

With growing disposable income, several middle and high-income consumers are purchasing air care products and this is expected to boost the growth of the home fragrance products market during the forecast period.

Rise in standard of living is driving the use of home fragrance products in South America, particularly in Argentina, which is likely to dominate the region during the forecast period due to the rise in the use of these products in the country.

Several countries in Europe, such as Hungary, the Czech Republic, and Poland, among others, are witnessing improvement in standard of living. This is expected to drive the home fragrance products market during the forecast period.

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Europe to Hold a Leading Share of Global Home Fragrance Products Market

Geographically, the global Home Fragrance Products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the Home Fragrance Products market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the Home Fragrance Products market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America Home Fragrance Products market is segmented into Brazil, and Rest of South America.

Europe dominates the market share due to growth in higher standard of living and higher purchasing power.

However, Asia Pacific is anticipated to grow at a fastest CAGR growth rate during the forecast period due to increase in disposable income.

Key Players Operating in the Home Fragrance Products Market:

The Home Fragrance Products market is competitive with several global and regional players. Major players are adopting various strategies, such as regional expansion and product portfolio expansion to enhance their position in the market.

Manufacturers are focusing on manufacturing products that restore the aroma. The growing concern for air quality in surrounding and at home will drive the Home fragrance product market during the forecast period.

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A few of the key players operating in the global Home Fragrance Products market are:

  • S. C. Johnson & Son, Inc.
  • Reckitt Benckiser Group plc
  • Procter & Gamble
  • Newell Brands
  • L Brands
  • NEST Fragrances
  • Illume Inc.
  • Seda France
  • Henkel AG & Co. KGaA
  • Sephora USA, Inc.
  • Ah Scent Shen
  • Happy Wax
  • Stadler Form Aktiengesellschaft
  • Archipelago
  • Bath & Body Works Direct, Inc.
  • Diptyque
  • VITRUVI

 

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