Global Digital Scent Technology Market 2022-2028
Global digital scent technology market is projected to reach $XXXX million in 2028 from $XXXX million in 2021, growing at a CAGR of 15.5% during the forecast period (2022-2028).Digital scent technology is based on sensing, transmitting, and receiving scent-enabled digital media by using an E-nose (electronic nose). Some factors that are taken under consideration that are driving the market growth include funding provided to new olfaction technology start-ups and existing players, ongoing R&D, and forward-looking statements provided by the companies. In recent years, there has been an increased interest in smell-based interaction design and advancements in scent-delivery devices for the end-user market. Consequently, the use of olfaction technology has gained attention across a variety of industries, from automotive, food, and beverage to consumer appliances, personal care, and cosmetics. Digital scent technology can be used to accelerate R&D projects, reduce maintenance costs, and provide better customer experiences.
Recent Developments
In Nov 2021, Alpha MOS announced a partnership with FlavourArtiv for the sale, distribution, and support of E-nose to different regions.
In July 2021, Aromyx raised a $10 million Series A round of funding led by Rabo Food&Ag Innovation Fund and SOZO Ventures for its digital scent and taste technology.
In September 2021, Stratuscent Inc. unveiled SafeScent which is an AI-driven, portable eNose platform, that is designed to deliver instant, actionable alerts on the specifics and the source of harmful airborne volatiles present in any indoor environment.
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