Air Care Products Market Overview, Type, Dynamics, and Industry Analysis by 2030
Air care products are defined as products
that are used for indoor air purification. A new report on the global air care
products market, published by Market Research Future (MRFR), estimates that
this market experience expansion at 5.20% CAGR during the review period (2022-2030).
Regarding monetary valuation, the worth of this market can be USD 19.75 billion
by the end of the forecast period.
The most distinguished market driver for the
global air care products market growth is increasing pollution levels both in
developed and developing economies. Primary indoor pollutants include smoke
from cigarettes and firewood. The volatile organic compound releases from hair
sprays, moth repellents, perfumes, and others also cause pollution. Other
drivers escalating the global air care products market overview growth include rising disposable income, demand for air fresheners,
innovations in the existing air care product line, new air care product
launches, focus on research & development (R&D), rising health
awareness, high demand for chemical-free air fresheners, and inclination
towards natural air care products. However, some factors that hinder the global
air care products market growth include the high price of air care products and
demerits of inhaling chemicals released from the air fresheners.
Market Segmentation
The global air care products market
segmentation encompasses distribution channels and product type. MRFR’s
research on the market analyzes many factors of the market in-depth.
Based on the distribution channel, this
market is being segmented into store-based distribution and non-store-based
distribution. The store-based distribution channel segment has been
sub-segmented into convenience stores, supermarkets & hypermarkets, and
others. Store-based distribution controls 92% of the global market, and during
the forecast period, it has been estimated to grow at 2.51% CAGR.
Regarding product type, the market has been
segmented into air freshener gels, air freshener sprays, candles, car air
fresheners, electric air fresheners, and others. The spray air fresheners
segment dominates the market, and the status quo is not expected to change
during the forecast period. This segment is likely to grow 2.56% CAGR during
the forecast period due to the growing demand for natural fragrances and the
ease of using sprays.
Regional Segmentation
A geographical outlining of the global air care products market report covers Europe, North
America, Asia Pacific, and Rest-of-the-World (RoW).
Europe holds the largest global market share
in terms of value as well as volume. In this region, the market is strong due
to improving the lifestyles of the consumers, the high population, and the high
per capita disposable income of the consumers. Countries that generate the
highest revenue in this region are France, Germany, Italy, Spain, and the UK.
The survey of the remaining countries in Europe featured in this report counts
additional market revenue from these countries.
North America is a substantial regional
market due to high disposable income and the presence of key market players.
The USA, Canada, and Mexico generate significant market revenue in this region.
The Asia Pacific region stands a chance to be
the fastest-growing regional market due to increasing air pollution in the
emerging economies and subsequently increasing demand as well as sales of air
care products in this region. Other drivers leading the market towards growth
include increasing consumer inclination to adopt western cultures and demand
for different kinds of air fresheners, especially in corporate offices catering
to North American and European clients. The Asia Pacific market can grow at
3.06% CAGR during the forecast period, and India has been holding 19% of the
market share in this region since 2021. In this report, Australia and New
Zealand have been categorized as one regional segment. Other significant
markets in this region are China, Indonesia, and Japan. An in-depth analysis of
the remaining countries in the Asia Pacific region featured in this report can
contribute to the overall market size.
The RoW segment covers South America, the
Middle East, and Africa. Among these regional markets, South America is a
greater market compared to the Middle East and Africa.
Key Players
Big players in the global air care products
market are Air Delights Inc. (USA), American Covers Inc. (USA), Candle Lite Inc.
(USA), Car-Freshener Corporation (USA), Church & Dwight Co. Inc. (USA),
Farcent Enterprise Co. Ltd. (Taiwan), Godrej Consumer Products Ltd. (India),
Hamilton Beach Brands Holding Company (USA), Henkel AG & Company, KGaA
(Germany), Newell Brands (USA), Procter & Gamble Co. (USA), Reckitt
Benckiser Group PLC (UK), Rexair LLC (USA), S.C. Johnson & Son, Inc. (USA),
and WD-40 Co. (USA).
Latest Industry News
- SC Johnson, one of the biggest manufacturers
of air care products and home cleaning products in the USA, has acquired
Sun Bum®, a company that is in the business of manufacturing personal care
products.
Read More Blogs:
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Fragrance Market Research Report:
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NOTE: Our Team of
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and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
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