The Air Care Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As indicated in The Business Research Company’s comprehensive Air Care Global Market Report for 2024, the air care market has experienced robust growth, escalating from $13.62 billion in 2024 to a projected $14.39 billion in the same year, boasting a notable compound annual growth rate (CAGR) of 5.7%. This expansion during the historical period is primarily attributed to heightened awareness regarding indoor air quality, an upswing in disposable income, a heightened emphasis on health and wellness, urbanization trends, and overall economic growth.
The trajectory of the air care market foresees a formidable ascent in the coming years, reaching $18.02 billion by 2028, driven by a CAGR of 5.8%. This anticipated growth is underpinned by escalating concerns surrounding indoor pollution, the integration of smart home technologies, the flourishing e-commerce landscape, a penchant for customization and personalization, and regulatory support. Key trends within this forecast period encompass advancements in air purification technologies, a surge in demand for natural and botanical formulations, the integration of aromatherapy and wellness solutions, a notable shift toward contactless and touchless offerings, and strategic collaborations with home decor brands.
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 2024, 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.
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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
Top 5 Major Players:
Noteworthy within this landscape is the burgeoning trend of product innovation, a focal point embraced by major players in the air care market. Leading companies are dedicating efforts to crafting pioneering products as a strategic move to fortify their market standing. A compelling example is the initiative undertaken by the esteemed Yankee Candle Company Inc in February 2022. This US-based manufacturer and retailer, renowned for its scented candles and accessories, introduced the well-living collection under the Yankee Candle brand. This innovative series of scents is meticulously designed to elevate moods and foster restoration and rebirth. The collection boasts a distinctive color scheme inspired by nature, a unique square vessel shape, and a natural rubberwood lid. Available in various shapes and sizes, including single wax melts, medium square jars with three wicks, and large square jars with two wicks, this collection exemplifies a harmonious blend of aesthetics and functionality.
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32. Global Air Care Market Competitive Benchmarking
33. Global Air Care Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Air Care Market
35. Air Care Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Air Care Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Air Care Market, Segmentation By Price, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Air Care Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: The Procter & Gamble Company Financial Performance
Table 76: Unilever plc Financial Performance
Table 77: Henkel AG & Co. KGaA Financial Performance
Table 78: Kimberly-Clark Corporation Financial Performance
Table 79: Reckitt Benckiser Group Plc. Financial Performance
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