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According to the latest research by SkyQuest Technology, the Global Home Fragrance Market was valued at US$ 7.95 billion in 2021, and it is expected to reach US$ 10.2 billion by 2028, with a CAGR of 4.9% during the forecast period of 2022–2028. The research provides up-to-date Home Fragrance Market analysis of the current market landscape, latest trends, drivers, and overall market environment.

The global market for home fragrances is currently dominated by the European continent. Europe held the greatest market share in terms of revenue for home fragrances in 2021, and it is anticipated that the region would maintain its dominance throughout the projected period. Two of the key reasons for this quick growth are an increase in the area’s standard of living and the per capita spending on homecare products like perfumes. Countries like the United Kingdom and France are dominating the regional market due to a rise in demand for home fragrance products. In the UK, sales of wax melts, candles, and electric air fresheners have all increased significantly in recent years. The average selling price of the goods has climbed, as has the frequency of purchases. Additionally, people in these countries commonly buy home fragrance products, which supports the regional economy. Furthermore, there are more manufacturers and merchants nearby, which has expanded the availability of home fragrance in Europe. Businesses, for example, came up with the idea to replenish the scented candles, which increases the lifespan of candles more than traditional scented candles. ESTEBAN Paris is one such organization. It is anticipated that these factors may hasten market expansion in the region.

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https://skyquestt.com/sample-request/home-fragrance-market

Read market research report, ” Global Home Fragrance Market is segmented based on Product Type, Distribution Channel, and Regions. Based on Product Type, the market is segmented into Candles, Room Sprays, Reed Diffusers, Essential Oils, and Incense Sticks. The Candles segment is further sub-segmented into Unscented Candles and Scented Candles. Based on Distribution Channel, the market is segmented into Offline and Online. The Offline segment is further sub-segmented into Supermarkets/Hypermarkets and Convenience Stores & By Region- Forecast and Analysis 2022-2028” by SkyQuest.

North America and Asia Pacific regions are projected to show significant growth

In North America, the home fragrance business is expected to grow significantly. People frequently utilize candle items to create a nice, comfortable atmosphere in their home as well as during romantic encounters. The use of candles and home fragrance products has also increased as a result of the product’s expanding popularity, particularly among wealthy homeowners in this region.

Due to the region’s increased candle consumption around major religious holidays like Diwali, Asia Pacific is another region expected to see substantial growth in the future. Furthermore, local businesses like Nyassa, Lalique, Soohyang, and others are gaining more popularity among consumers in the area by providing a broad choice of appealing goods. For instance, Lalique offers a variety of scented candles, each with a distinctive flavor, like the Macallan Angels’ Share, The Night, The Volcano, The Snow, and others.

Apart from this, due to the industrialized nations, including Qatar, the United Arab Emirates, Israel, and others, maintaining an appropriate standard of hygiene, the Middle East, Africa, and South America are anticipated to experience a significant increase. The consumption of candles and home fragrance is also rising as a result of South America’s growing urbanization. For instance, 86.82 percent of people in Brazil live in metropolitan regions, according to Trading Economics.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

https://skyquestt.com/report/home-fragrance-market

●        By Distribution Channel- Offline (Supermarkets/Hypermarkets and Convenience Stores) and Online

●        Reckitt Benckiser Group PLC (UK)

●        The Procter & Gamble Company (US)

●        The Estee Lauder Companies Inc. (US)

●        Broken Top Candle Company (US)

●        The Copenhagen Candle Company LTD (UK)

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https://skyquestt.com/speak-with-analyst/home-fragrance-market

What does this Report Deliver?

SkyQuest has segmented the Global Home Fragrance Market based on Product Type, Distribution Channel,  and Region:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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