Air Care Market to Grow with a CAGR of 4.56% through 2028
Rising awareness of indoor air quality and technology
advancements in products are factors driving the Global Air Care Market in the
forecast period 2024-2028.
According to TechSci Research report, “Air Care
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Air Care Market stood at USD 12.24 billion
in 2022 and is anticipated to grow with a CAGR of 4.56% in the forecast period,
2024-2028. The Global Air Care Market has witnessed remarkable growth in recent
years, fueled by changing consumer lifestyles, increasing awareness of indoor
air quality, and a desire for pleasant living environments. This dynamic market
encompasses a wide range of products, including air fresheners, reed diffusers,
aerosols, candles, and electric diffusers, all aimed at enhancing indoor
ambiance and air quality.
Urbanization and
changing lifestyles are also contributing to the market's growth. As more individuals
move to urban areas and live in smaller spaces, there is an increasing need for
products that can combat the challenges posed by confined living conditions.
Air care products address concerns related to urban odors, pet smells, and
other indoor nuisances, creating a more comfortable and inviting living
environment.
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One of the major drivers behind the market's expansion
is the rising awareness of indoor air quality and its impact on health and
well-being. With people spending more time indoors, there is a growing concern
about pollutants, allergens, and odors that can affect respiratory health. This
awareness has led to a surge in demand for air care products that not only
provide fragrant atmospheres but also offer air purification benefits.
The market's growth is further propelled by the rising
disposable incomes of consumers, particularly in emerging economies. With
higher levels of discretionary income, consumers are more willing to invest in
products that enhance the aesthetics and ambiance of their living spaces. This
has led to an uptick in demand for premium and luxury air care products,
driving manufacturers to introduce innovative and high-quality offerings.
Technological advancements are also shaping the air
care market landscape. Manufacturers are leveraging technology to create smart
air care devices that provide consumers with greater control and convenience.
These devices can be controlled remotely, allowing users to adjust fragrance
intensity, set schedules, and even monitor air quality levels. This integration
of technology not only enhances the functionality of air care products but also
resonates with tech-savvy consumers.
In conclusion, the Global Air Care Market is marked by
significant growth driven by factors such as indoor air quality awareness,
urbanization, rising incomes, technological innovation, and product
diversification. The market is evolving to cater to changing consumer
preferences, emphasizing eco-friendliness, technology integration, and unique
fragrance experiences. Despite challenges, the air care industry's trajectory
remains promising as it continues to address the modern consumer's desire for
both functional and aesthetic enhancements in their indoor environments.
The Global Air Care Market is segmented into product
type, application, distribution channel, regional distribution, and company.
Based on product type the market is segmented into Electric,
Liquid, Gel and Others. The global Air Care Market is experiencing a rising demand
for electric air fresheners. These products, including plug-in diffusers and
automatic dispensers, offer convenience and consistent fragrance diffusion.
Their appeal lies in their ability to maintain pleasant indoor environments
without manual intervention. The trend is driven by consumers seeking
hassle-free solutions in their busy lives, and the integration of smart
technology further enhances their appeal. As sustainability gains importance,
eco-friendly options are also becoming prevalent, reshaping the air care market
landscape.
Based on application the market is
segmented into residential and commercial.
Based on distribution channel the market
is segmented into online and offline.
Based on region, The Europe region is
witnessing an escalating demand in the global Air Care Market. Factors such as
heightened awareness of indoor air quality, disposable income growth, and a
focus on aesthetic living spaces contribute to this trend. Consumers in Europe
are seeking products that enhance ambiance while addressing health concerns.
Manufacturers are responding with eco-friendly offerings, aligning with the
region's sustainability focus. The rising demand from Europe is shaping the
market's trajectory and influencing product innovation.
Major companies operating in Global Air Care
Market are:
- Reckitt Benckiser
Group Plc
- Puzhen
- Hubmar
- GreenAir
- Vitruvi
- ZAQ
- doTERRA
- Scentsy, Inc.
- Mozzin Limited
- AuraDecor
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“Advancements in product technology is a significant
trend that is expected to have an impact on growth over the forecasted period.
Increasing awareness of indoor air quality, changing lifestyle, and rising
demand of ecofriendly products will positively impact the Global Air Care
Market. Due to the wide range of products available to meet specific needs of,
as well as the growing popularity of the online distribution channel, the
market is growing at impressive rate through projected period.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“Air Care Market By Product Type (Electric,
Liquid, Gel and Others), By Application (Residential, Commercial), By
Distribution Channel (Online, Offline), By Region, By Competition Forecast
& Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Air Care Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Air Care Market.
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