The Global Market for Air Fresheners is Projected to Reach US$10.4 Billion by 2020
Surging Importance of Aromatherapy & Changing Demographic Trends Drive
the Global Air Fresheners Market, According to a New Report by Global
Industry Analysts, Inc.
GIA announces the release of a comprehensive global
report on Air Fresheners. The
global market for Air Fresheners is projected to reach US$10.4 billion by 2020,
driven by the surging importance of aromatherapy, changing demographic trends,
and consumer desire for decorating homes with fragrant products.
Extensively used to mask bad and unpleasant odors from compact places, air
fresheners represent one of the most important innovations in air care. Air
freshener manufacturers are leveraging the growing consumer interest in aromatherapy
by developing products with exotic aromatic compounds. Manufacturers are also
innovating multi-purpose air fresheners which offer multiple benefits of air
purification, freshener, and deodorization. Rising standards of living in
emerging markets is pushing manufacturers to provide a lifestyle-oriented image
to their products. Growing population, rising consumer affluence, and willingness
to indulgence in luxury products are major factors driving growth in the air
fresheners market. Future growth in the market will be driven by new product
development efforts and innovation in product concepts.
The rising popularity of aromatherapy, is resulting in the
increased use of essential oils and natural aromatic compounds in air freshener
products. The use of fragrances in enhancing the mood and health of an
individual is expected to infuse new demand for air fresheners. Growing
importance of social gatherings and the evolving tendency of consumers to spend
quality time at home are some of the other major factors boosting growth in the
home air fresheners market. Technology advancements poised to benefit the market
include the development of battery-powered air fresheners, plug-in devices, and
automatic freshener with motion sensors. Manufacturers are also introducing
innovative products such as seaweed-based air fresheners, and air fresheners
with exotic food and beverage fragrances for a soothing effect on the mind as
well as the body.
As stated by the new market research report on Air
Fresheners, Europe continues to dominate the global market. While Western
economies dominate the global market, emerging economies in Asia-Pacific, Latin
America, and Eastern Europe are expected to drive future growth. Surging
population, growing urbanization, increasing disposable income, and low
penetration of air fresheners are expected to drive demand in these markets. Asia-Pacific
is forecast to emerge as the fastest growing market with a CAGR of 7.4% over
the analysis period. Sprays and aerosols represent the largest as well as the
fastest growing product categories.
Key players covered in the report include Ada Electrotech (Xiamen) Co.
Ltd., Air Delights Inc., Blyth Inc., California Scents, Car Freshener®
Corporation, Church & Dwight Co. Inc., Earth Chemical Company Ltd., Farcent
Enterprise Co. Ltd., Godrej Household Products Ltd., Handstands, Henkel KgaA,
Kobayashi Pharmaceutical Co. Ltd., Procter & Gamble, Raj Fragrance, RB plc,
SC Johnson & Son Inc., S.T. Corporation, and The Yankee Candle Company
Inc., among others.
The research report titled “Air
Fresheners: A Global Strategic Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, and other strategic industry
activities of global companies. The report
provides market estimates and projections for all major geographic markets including
the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and
Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin
America (Brazil and Rest of Latin America) and Rest of World . Product segments
analyzed in the report include Sprays/Aerosols, Electric Air Fresheners, Gels
& Candles, Car Air Fresheners, and Other Household Air Fresheners
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