Leading Home Fragrance Distribution Channel Markets Databank

Leading Home Fragrance Distribution Channel Markets 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. Supermarkets & Hypermarkets segment is expected to be the highest contributor to this market, with $3,686.9 Million in 2020, and is anticipated to reach $7,027.3 Million by 2029, registering a CAGR of 7.48%. Online segment is anticipated to reach $2,071.4 Million by 2029 with the highest CAGR of 7.91%. Supermarkets & Hypermarkets and Convenience Stores segments collectively expected to account for about 84.4% share of the Home Fragrance market in 2020, with the former constituting around 54.9% share. Online and Supermarkets & Hypermarkets segments are expected to witness significant growth rates at a CAGR of 7.91% and 7.48% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 70.5% in the overall Home Fragrance market in 2020, and is anticipated to reach 70.9% by 2029.