Asia-Pacific Home Fragrance Market Databank
The Home Fragrance market was valued at $6,720.0 Million in 2020, and is projected to reach $12,838.8 Million by 2029 growing at a CAGR of 7.51% from 2021 to 2029. Sprays segment is expected to be the highest contributor to this market, with $2,167.1 Million in 2020, and is anticipated to reach $4,147.0 Million by 2029, registering a CAGR of 7.53%. Candles segment is anticipated to reach $3,727.2 Million by 2029 with the highest CAGR of 7.59%. Sprays and Candles segments collectively expected to account for about 61.1% share of the Home Fragrance market in 2020, with the former constituting around 32.2% share. Candles and Diffusers segments are expected to witness significant growth rates at a CAGR of 7.59% and 7.55% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 49.8% in the overall Home Fragrance market in 2020, and is anticipated to reach 50.0% by 2029.
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