Home Fragrances Market Size
| Study Period | 2019-2029 |
| Market Size (2024) | USD 13.57 Billion |
| Market Size (2029) | USD 17.04 Billion |
| CAGR (2024 - 2029) | 4.66 % |
| Fastest Growing Market | South America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Home Fragrances Market Analysis
The Home Fragrances Market size is estimated at USD 13.57 billion in 2024, and is expected to reach USD 17.04 billion by 2029, growing at a CAGR of 4.66% during the forecast period (2024-2029).
- The increasing spending capacity of consumers and the rising concerns among individuals about healthy and hygienic living styles are the key factors bolstering market growth. The growing penetration of social media platforms and online retail channels is another significant factor boosting the sales of home fragrance products through e-commerce channels.
- Due to the increasing focus on creating a visually appealing and comfortable living space, consumers are spending on luxury home décor products like scented candles and diffusers. In recent years, owing to stressful lifestyles and the growing focus on improving mental health, there has been a rise in the demand for home fragrance diffusers for aromatherapy to uplift the mood by improving air quality and creating a pleasant environment.
- Moreover, manufacturers offer these products in various designs, colors, scents, and materials to cater to the preferences of individual customers. They also focus on personalizing products and introducing aesthetically pleasing products made with natural ingredients such as oils. Consumers nowadays are willing to spend more on household and toiletry products with natural and clean ingredients. Therefore, the market is anticipated to witness an increased demand for home fragrances during the forecast period. Market players are also adopting innovative strategies to capture a larger market share.
- For instance, in May 2022, Godrej Consumer Products, an Indian-based consumer goods company, launched a new TVC campaign called "If Bathrooms Could Talk" for its bathroom fragrances called Godrej Aer Power Pocket. The TVC, which Creativeland Asia conceptualized, was produced using cutting-edge graphics and animation techniques, making it visually attractive to grab consumers' attention.
Home Fragrances Market Trends
Growing Consumers’ Inclination Toward Home Decor
- Consumers increasingly spend on home fragrance products like candles and diffusers as they help satisfy valued emotional needs and solve important functional problems, such as masking bad smells. These products come in various designs, colors, scents, and materials, fulfilling the diversified needs of customers worldwide. In recent years, consumers have been willing to spend more on value-added home décor items made with organic and natural ingredients due to increasing awareness about the health impacts of the ingredients used in these products. In 2022, according to a survey published by Vlam, the total household spending on organic products in Belgium increased from EUR 892 million to 992 in 2021.
- With the increasing trend of aromatherapy and at-home natural remedies for mental health and well-being, especially among young adults, customized home décor products like scented candles and diffusers are gaining immense popularity worldwide. These products are believed to improve mood, reduce stress and anxiety, promote relaxation, and improve sleep. As per the survey by Statistics Finland in 2022, 16 percent of Finns bought cosmetics and well-being products online during the past three months. The largest share of online health and beauty product shoppers were 25 to 44 years old.
- Product manufacturers and retailers often rely on innovation to provide differentiation through technology, understanding consumer trends, and sustainable production. They also invest significantly in R&D to deliver products that consumers value for meeting both emotional and functional needs. The factors mentioned above will likely positively influence market growth in the upcoming years.
North America Dominates the Market
- North America holds the largest market share in the home fragrances market globally. Furthermore, the United States is one of the largest markets for home fragrance products. This can be attributed to individuals' high per capita income levels and inclination towards value-added home décors that help satisfy valued emotional needs and solve significant functional problems of consumers.
- Home fragrance products such as scented candles, diffusers, and room sprays are often an accessible and effective way to enhance the overall ambiance and add a personalized touch to home décor. These products are also used in aromatherapy, which has gained immense acceptance, especially among young adults, due to its claimed benefits like reduced anxiety levels and relief of emotional stress, pain, muscular tension, and fatigue.
- Along with this, the increasing focus on mental health and wellness with at-home natural remedies fuels the market growth in the region. Apart from this, a significant rise in the preference for spa therapies over the years due to hectic lifestyles drives the demand for innovative home fragrances. As per the International Spa Association, in 2021, there were 21,510 spa locations across the United States, with 173 million visitors.
- The average revenue of the spa industry in the United States is estimated to be around USD 20.1 billion in 2021. Furthermore, market players adopt unique strategies to expand their customer base and market share. For instance, in 2021, Christian Dior unveiled its Canadian e-boutique with La Collection Privée Christian Dior, a portfolio of refined fragrances, candles, and soaps.
Home Fragrances Industry Overview
The home fragrances market is competitive, with the presence of many local and international players. Some leading market players are Reckitt Benckiser Group PLC, The Procter & Gamble Company, dōTERRAInternational LLC, Newell Brands Inc., and Henkel AG & Co. These players focus on geographical expansions, new product launches and mergers and acquisitions, which are key strategies for operating in the global home fragrances market and gaining a competitive edge. For instance, in September 2022, Brooklinen launched a new fragrance collection that includes candles, diffusers, and room sprays.
Home Fragrances Market Leaders
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Reckitt Benckiser Group plc
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The Procter & Gamble Company
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Newell Brands
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Henkel AG & Co. KGAA
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dōTERRA International LLC
*Disclaimer: Major Players sorted in no particular order
Home Fragrances Market News
- October 2023: Enesco launched a new home fragrance brand, Herb Dublin and Irish Botanicals. The products include a wide range of scented candles and reed diffusers. The products are available in wellness-centered home and giftware offerings.
- July 2023: The Yankee Candle Company launched a new fall fragrance collection, Daydreaming of Autumn scented candles. The Products are available in 5 different fragrances. The candles are made with ingredients like clove, lavender, balsam, and eucalyptus woods.
- September 2022: Paul Smith, a British Luxury brand, launched a range of home fragrances. The products include diffusers and scented candles. The fragrances are made in collaboration with International Flavors and Fragrances Inc.
Home Fragrances Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Adoption of Multi-dimensional Products
- 4.1.2 Growing Consumers' Inclination toward Home Decor
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4.2 Market Restraints
- 4.2.1 Rising Environmental Concerns and Raw Material Price Volatility
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Sprays
- 5.1.2 Diffusers
- 5.1.3 Scented Candles
- 5.1.4 Other Types
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores/Grocery Stores
- 5.2.3 Online Retail
- 5.2.4 Other Didtribution channels
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5.3 Category
- 5.3.1 Mass
- 5.3.2 Premium
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Spain
- 5.4.2.6 Italy
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 United Arab Emirates
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 SC Johnson & Sons Inc.
- 6.3.2 Reckitt Benckiser Group PLC
- 6.3.3 The Procter & Gamble Company
- 6.3.4 Newell Brands Inc.
- 6.3.5 Godrej Group
- 6.3.6 Henkel AG & Co. Kgaa
- 6.3.7 Doterra International LLC
- 6.3.8 Now Health Group Inc.
- 6.3.9 Puzhen Life Co. Ltd
- 6.3.10 Bath & Body Works Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Home Fragrances Industry Segmentation
Home fragrances are products that emit scents to mask unwanted odors at home. These products are made up of different types of aromas, such as eucalyptus, jasmine, lavender, and other aromatic sources, which help relieve stress and liven up the mood.
The home fragrance products market is segmented by type, distribution channel, category, and geography. Based on type, the market is segmented into sprays, diffusers, scented candles, and other types. Based on distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores/grocery stores, online retail, and other distribution channels. Based on the category, the market is bifurcated into mass and premium. By geography, the study provides an analysis of the market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Type | Sprays | |
| Diffusers | ||
| Scented Candles | ||
| Other Types | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores/Grocery Stores | ||
| Online Retail | ||
| Other Didtribution channels | ||
| Category | Mass | |
| Premium | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Russia | ||
| Spain | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | United Arab Emirates |
| South Africa | ||
| Rest of Middle-East & Africa |
Home Fragrances Market Research FAQs
How big is the Home Fragrances Market?
The Home Fragrances Market size is expected to reach USD 13.57 billion in 2024 and grow at a CAGR of 4.66% to reach USD 17.04 billion by 2029.
What is the current Home Fragrances Market size?
In 2024, the Home Fragrances Market size is expected to reach USD 13.57 billion.
Who are the key players in Home Fragrances Market?
Reckitt Benckiser Group plc, The Procter & Gamble Company, Newell Brands, Henkel AG & Co. KGAA and dōTERRA International LLC are the major companies operating in the Home Fragrances Market.
Which is the fastest growing region in Home Fragrances Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Home Fragrances Market?
In 2024, the North America accounts for the largest market share in Home Fragrances Market.
What years does this Home Fragrances Market cover, and what was the market size in 2023?
In 2023, the Home Fragrances Market size was estimated at USD 12.94 billion. The report covers the Home Fragrances Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Home Fragrances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the emerging trends in Home Fragrance Technology?
The emerging trends in Home Fragrance Technology are a) Smart home integration b) Personalized scent delivery
Home Fragrances Industry Report
The global home fragrance industry is enjoying robust growth, driven by consumers' increasing focus on creating personalized and inviting living spaces. With a shift towards natural and eco-friendly products, the market is seeing a surge in demand for innovative items such as essential oils and waterless oil diffusers. Innovations like Grove Co.’s Fresh Horizons collection and the high-tech Nebula Electric Waterless Oil Diffuser highlight the industry’s evolution towards sustainable practices integrated with advanced technology. The industry caters to diverse consumer preferences across various regions, adapting marketing strategies with a strong emphasis on social media and e-commerce to engage a tech-savvy customer base. The home fragrance market thrives on blending tradition with innovation, meeting modern demands for quality, sustainability, and luxury in scent solutions. For more detailed insights, Mordor Intelligence™ Industry Reports provide comprehensive analysis, including market share and growth forecasts, available as a free PDF download.
