Seda France

Dec 6, 2023

by 2027 | Driven by a Strong 3.1% CAGR Companies leading in the Home Fragrance Market are ScentAir Technologies, LLC, Voluspa, Seda France Inc., Newell Brands, Inc., Jo Malone London Inc., KORONA Candles Sp. z o.o., S. C. Johnson & Son, Inc., NEST Fragrances, Procter & Gamble Co., Reckitt Benckiser Group plc., and more players profiled. December 06, 2023 06:15 ET Pune INDIA Pune, India , Dec. 06, 2023 (GLOBE NEWSWIRE) -- The global home fragrance market size is expected to reach USD 27.63 billion by 2026, exhibiting a CAGR of 3.1% during the forecast period. The rising urban population is anticipated to emerge as the key factor driving the growth of this market, finds Fortune Business Insights™ in its recent report, titled “Home Fragrance Market Size, Share, and Regional Forecasts, 2023-2027”. The UN Department of Economic and Social Affairs (DESA) estimates that presently, nearly 55% of the world’s population lives in urban areas. By 2050, the DESA projects, close to 68% of the global population will inhabit urban areas, adding 2.5 billion urban dwellers across the globe. Enlarging urban areas are hubs for pollution, heat, and unpleasant smells. Residential air fresheners provide relief from these nuisances and therefore, their demand is set to spike in the forthcoming years. These products are available in different fragrances derived from natural extracts such as fruits and flowers, which further incentivizes their purchase value for urban residents. According to the home fragrance market report, the value of this market stood at USD 5.61 billion in 2018. The report additionally shares the following information: 360-degree analysis of the market drivers and restraints and their influence on the share, size, and overall growth of the market; Comprehensive research into the regional and competitive dynamics of the market; In-depth study of every market segment; and Precise projections of the upcoming trends and prospects for the market. Get a Free Sample Research Report: ScentAir Technologies, LLC S. C. Johnson & Son, Inc. NEST Fragrances