Press Release

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.        

 

 

Browse over XX market data Figures spread through 181 Pages and an in-depth TOC on "Global Air Care Market.

 

 

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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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

Consumer Goods and Retail | Sep, 2023

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.

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