Market overview:
The Air Care Market is expected to reach USD 19.75 Billion by 2030, growing at a 5.20% CAGR between 2022 and 2030. One of the major factors driving the growth of the air care market is the rise in global concern about indoor air quality. Increased demand for air care products to maintain a pleasant atmosphere in homes, offices, and vehicles, as well as increased consumer demand for various fragrance products such as gels, plug-ins, sprays, beads, and candles, drive market growth. The widespread use of air care products to eliminate toxic indoor pollutants such as volatile organic compounds released from perfumes, smoke from cigarettes and firewood, and repellents, among others, and an increase in consumer preference for aromatherapy, all have a positive impact on the market. The Air Care Market Research benefits by increasing awareness, easy availability, an increase in disposable income, and an increase in the personal care sector. The developments and innovations in air care products provide profitable opportunities to market participants in forecast period.
The COVID-19 outbreak has had a negative impact on the air care industry, resulting in the temporary closure of manufacturing facilities and a drop in demand. To limit further revenue losses, players in the global market for air care products are attempting to strengthen their supply chains and accelerate their operations. Furthermore, with the gradual lifting of the blockade across countries and the novel corona virus under control, the global market will be able to recover more quickly in the coming years.
Market segmentation:
The global air care market is segmented based on distribution channel and product type. According to the distribution channel:
Non-Store Based
Store-based
Convenience Stores
Supermarkets Hypermarkets
Others
According to the product type:
Air Freshener Gel
Electric Air Fresheners
Candles
Air Freshener Sprays
Car Air Fresheners
Others
Regional analysis:
During the forecast period, the Asia-Pacific Air Care Market Report is expected to account for the largest share of the global air care market. Rapid urbanization, rising population, and rising purchasing power drive market growth. Technological advancements, product innovations, and the easy availability of multiple products through various online and offline channels are expected to drive the growth of the Asia-Pacific air care market.
Furthermore, North America and Europe are expected to account for a sizable portion of the global air care market. The increased awareness of the importance of using environmentally friendly air care products is the primary driver of the region's growth and advancement of air care products.
Recent developments:
In July 2020, VANZO ASIA, one of Malaysia's most well-known car perfume companies, released its latest New Generation Sterilizing Air Freshener in response to rising female driver preference and an increase in positive feedback. Ogawa Co., Ltd., a Japanese fragrance vendor, provided several new-generation Sterilizing Air Freshener ingredients, including English pear, freesia, and classic floral.
In December 2020, GSK Consumer Healthcare launched Otrivin Breathe Clean, a nasal wash spray, to address growing concerns about rising air pollution and the rapid spread of infections and particles through the air. India and an Eastern Bloc country will be the first two countries to receive the product.
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America.
