Press release
Air Care Global Market Report 2024 - By Report, Share, Size, Demand, Outlook By 2033
Air Care Market
The Business Research Company offers in-depth market insights through Air Care Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The air care market size has grown strongly in recent years. It will grow from $13.62 billion in 2023 to $14.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing awareness of indoor air quality, rising disposable income, health and wellness focus, urbanization trends, economic growth.
The air care market size is expected to see strong growth in the next few years. It will grow to $18.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rise in concerns about indoor pollution, smart home integration, e-commerce growth, customization and personalization, regulatory suppor. Major trends in the forecast period include air purification technologies, natural and botanical formulations, aromatherapy and wellness, contactless and touchless solution, collaborations with home decor brands.
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Market Segmentation:
The air care market covered in this report is segmented -
1) By Product: Gel Air Fresheners, Electric Air Fresheners, Candle Air Fresheners, Spray Or Aerosol Air Fresheners, Liquid Air Fresheners, Other Products
2) By Price: Low, Medium, High
3) By Distribution Channel: Online, Offline
4) By Application: Rooms, Toilets, Other Applications
Major Driver - Environmental Concerns And Rising Pollution Levels Fueling Growth In The Air Care Market
The rise in pollution levels is expected to propel the growth of the air care market going forward. Pollution levels measure the concentration or number of pollutants present in the environment, typically in the air, water, or soil. Air care, or air pollution control, is essential for reducing the harmful effects of air pollution on human health and the environment, which provides improved public health, climate change mitigation, improved air quality, and environmental protection. For instance, in April 2023, according to the United States Environmental Protection Agency, a US-based Environmental Protection Government Agency, U.S. greenhouse gas emissions rose 5% in 2021. Additionally, CO2 emissions from burning fossil fuels grew by 7% in 2021. Therefore, the rise in pollution levels is driving the growth of the air care market.
Competitive Landscape:
Major companies operating in the air care market report are The Procter & Gamble Company, Unilever plc, Henkel AG & Co. KGaA, Kimberly-Clark Corporation, Reckitt Benckiser Group Plc., S. C. Johnson & Son Inc, Newell Brands Inc.,The Clorox Company, Westinghouse Electric Corporation, Church And Dwight Co. Inc., Scentsy Inc., Godrej Consumer Products Ltd., Candle-lite Company, Car-Freshener Corporation, Farcent Enterprise Co. Ltd., Rexair LLC, Fresh Products LLC, California Scents, Beaumont Products Inc, Clean Control Corporation, AromaTech, Air Wick, The Claire Manufacturing Company, Odorchem Manufacturing Corp., Greenleaf Gifts, The Beeswax Candle Co, Moso Natural, Airance, Aariapure Private Limited, Hubmar Inc.
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Top Trend - Innovative Air Care Trends By Introducing Well-Living Collection For Uplifting Wellness-Inspired Scent
Product innovation is a key trend gaining popularity in the air care market. Major companies operating in the air care market are concentrating on creating innovative products to strengthen their position in the air care market. For instance, in February 2022, Yankee Candle Company Inc, a US-based manufacturer and retailer of scented candles, candleholders, accessories, and dinnerware, launched the new Yankee Candle's well-living collection. It is a series of wellness-inspired scents designed to uplift the spirits and encourage restoration and rebirth. This collection features a color scheme influenced by nature, a unique square vessel shape, and a natural rubberwood lid. These are available in various shapes and sizes, including a single wax melt, a medium square jar with three wicks, and a large square jar with two wicks.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Air Care Market Characteristics
3. Air Care Market Trends And Strategies
4. Air Care Market - Macro Economic Scenario
5. Air Care Market Size And Growth
…..
27. Air Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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