Global Home Fragrances Market, Forecast & Opportunities, 2024
Global home fragrances market stood at $ 7.2 billion in 2018 and is projected to grow at a CAGR of 4.6% during 2019-2024 to reach $ 9.4 billion by 2024, backed by their properties of creating a favorable environment at home. The fragrance is considered a functional ingredient in home care products to mask unpleasant odors. Home fragrance products are made with a different type of aromas such as eucalyptus, jasmine, and lavender that help to liven up the mood, thereby creating a stress-free environment. Global home fragrances market is thriving, driven by new aesthetically pleasing products, personalization of the products and usage of natural ingredients in the products. Growing demand for natural essential oils in home fragrance products is likewise bringing about the increasing demand for home fragrance products. Rising discretionary income leading to increasing inclination of consumers towards various types of home fragrance products is another factor responsible for the stea...