360 MARKET UPDATES Report provides a 360-degree overview of the global Air Freshener market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
“Global Air Freshener Market - Growth, Trends, and Forecast (2018 - 2023)” Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Air Freshener Analysis. The Air Freshener market is expected to register a CAGR of approximately XX% during the forecast period of (2019 – 2024).
Air Freshener Market Report Covers Leading Manufacturers: Air Delights Inc., Church & Dwight Co, Inc, Dabur India Ltd, Farcent Enterprise Co., Ltd, Hamilton Beach Brands Holding Company, Henkel AG & Company, KOBAYASHI Pharmaceutical Co., Ltd, Procter & Gamble Co, Reckitt Benckiser Group plc, Rexair LLC, S. C. Johnson & Son, The Godrej Group
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Air Freshener Market Insight
The air freshener market is projected to grow at the rate of 7.3% during the forecast period 2018 to 2023. Growing consumer inclination towards aromatherapy is expected to play key role to drive the market growth especially in developed economies. Additionally, increasing product development and growing preference for electronic residential air purifiers over traditional air freshener is likely to support the market growth across the globe. Increasing consumer awareness about air freshener composition is likely to play key role in the upcoming years as majority of air freshener compositions are undisclosed and unknown.
Due to growing demand, key players are planning to reveal the ingredients used in air freshener, for instance, the P&G company said it will reveal the fragrance composition – down to 0.01% of content – for all products sold in the US and Canada by the end of 2019. It intends to start with its Tide laundry detergents, Herbal Essences shampoos, Febreze air fresheners and Olay skin care products. This factor is expected to create huge impact on the air freshener market growth.
The global air freshener market is expected to register a CAGR of 7.3% during the forecast period, 2018 to 2023. The report is segmented by Product Type (Spray, Gel air freshener, Electric air freshener, and Others), Application (Household, Corporate Offices, and Others), Distribution Channel, and Geography.
Product Innovation to Drive the Growth of the Air Fresheners Market
Growing demand for air-care products and rising concerns about indoor air quality is driving the market growth across the globe. Increasing sales of car and growing number of pet owners, residential buildings, and corporate office is likely to support the market growth of air freshener especially in developing economies. Availability of air freshener products with various fragrances influencing consumers to buy more products including gel, candles, sprays, plug-ins, and beads which is expected to support the market growth, especially in Asia-Pacific and South America region. Moreover, growth in innovations, and higher acceptance of smart air freshener solutions is expected to result in market growth over the forecast period. For instance, in 2016, P&G reveals air freshener run by smartphone and it has motion sensors, a multi-colored LED light, and a temperature and humidity sensor. However, the slow economic growth in major developed countries will create huge impact on the air freshener market in the upcoming years.
Growing Demand of Air Freshener for Household Application
There are different types of air fresheners available in the m+arket such as auto spray air freshener, plug-in air freshener, room fragrances, wax melts, candles, and room sprays, gel air freshener, and car air freshener. Key players are focusing on product differentiation due to increasing competitions, some players are introducing air freshener based on climatic conditions. For example, Reckitt Benckiser has launched air freshener under the brand Air Wick, which is specifically made to control the unpleasant odor from rooms due to humid climate. Moreover, companies are also focusing on expanding their product portfolio owning to growing demand for air freshener for household and commercial purpose.
Rising Popularity of Aromatherapy to Drive the Market Growth in Europe Region
Europe region is likely to hold significant market share over the forecast period due to growing expenditure on air care productsand increased demand of aromatherapy in the region. Key players in Europe regions are using essential oils in their products and promoting their products by highlighting their aromatherapy advantages. Such innovations are triggered by the demand from consumers who are willing to pay more for air freshener with additional benefits. In Asia-Pacific, increasing preference for healthy lifestyle and growing concerns about the side effects of allergic diseases on health are supporting the demand for air freshener in the region. Significant changes in the living standards and growing urbanization in developing countries like India and China are expected to boost the sales of various air fresheners in Asia-Pacific region.
Key Developments in the Air Freshener Market
July 2018 - InventHelp inventor develops modernized automotive air freshener and it is currently available for licensing or sale to manufacturers or marketers.
Jun 2018 - Febreze ONE air and fabric freshner,a product of P&G, a first-of-its-kind product containing no aerosols, no dyes and no heavy perfumes, has been named a Product of the Year winner for 2018. After being introduced last year, Febreze ONE has received top honors in the Air Care category of the worlds largest consumer-voted award for product innovation.
Competitive Landscape of Air Freshener Market
Major Key Players - Air Delights Inc., Church & Dwight Co, Inc, Dabur India Ltd, Farcent Enterprise Co., Ltd, Hamilton Beach Brands Holding Company, Henkel AG & Company, KOBAYASHI Pharmaceutical Co., Ltd, Procter & Gamble Co, Reckitt Benckiser Group plc, Rexair LLC, S. C. Johnson & Son and The Godrej Group, among others.
Reasons to Purchase this Air Freshener Market Research Report
• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Reasons to Purchase Air Freshener Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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