South Korea Home Fragrance Market Size & Outlook
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South Korea home fragrance market highlights
- The South Korea home fragrance market generated a revenue of USD 139.2 million in 2023 and is expected to reach USD 295.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 11.3% from 2024 to 2030.
- In terms of segment, sprays was the largest revenue generating product in 2023.
- Scented Candles is the most lucrative product segment registering the fastest growth during the forecast period.
Home fragrance market data book summary
| Market revenue in 2023 | USD 139.2 million |
| Market revenue in 2030 | USD 295.1 million |
| Growth rate | 11.3% (CAGR from 2023 to 2030) |
| Largest segment | Sprays |
| Fastest growing segment | Scented Candles |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scented Candles, Sprays, Essential Oils, Incense Sticks |
| Key market players worldwide | Newell Brands Inc, Reckitt Benckiser Group PLC, Procter & Gamble Co, Johnson & Johnson, The Estee Lauder Companies Inc Class A, Bath & Body Works Inc, Seda France, Voluspa, ScentAir, NEST New York, Bougie & Senteur |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.3% of the global home fragrance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China home fragrance market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 780.7 million by 2030.
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Home Fragrance Market Scope
Home Fragrance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Bougie & Senteur | View profile | 11-50 | Grasse, Provence-Alpes-Cote d'Azur, France, Europe | https://www.bougieetsenteur.com/ |
| ScentAir | View profile | 251-500 | Charlotte, North Carolina, United States, North America | http://scentair.com |
| Voluspa | View profile | 51-100 | Irvine, California, United States, North America | https://www.voluspa.com |
| Seda France | View profile | 11-50 | Austin, Texas, United States, North America | https://sedafrance.com |
| NEST New York | View profile | 101-250 | New York, New York, United States, North America | http://www.nestfragrances.com |
| Bath & Body Works Inc | View profile | 57157 | Three Limited Parkway, Columbus, OH, United States, 43230 | https://www.bbwinc.com |
| Newell Brands Inc | View profile | 24600 | 6655 Peachtree Dunwoody Road, Atlanta, GA, United States, 30328 | https://www.newellbrands.com |
| Reckitt Benckiser Group PLC | View profile | 40000 | 103-105 Bath Road, Slough, Berkshire, United Kingdom, SL1 3UH | https://www.reckitt.com |
| The Estee Lauder Companies Inc Class A | View profile | 62000 | 767 Fifth Avenue, New York, NY, United States, 10153 | https://www.elcompanies.com |
| Procter & Gamble Co | View profile | 107000 | One Procter and Gamble Plaza, Cincinnati, OH, United States, 45202 | https://www.pginvestor.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
South Korea home fragrance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home fragrance market will help companies and investors design strategic landscapes.
Sprays was the largest segment with a revenue share of 33.98% in 2023. Horizon Databook has segmented the South Korea home fragrance market based on scented candles, sprays, essential oils, incense sticks covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of South Korea home fragrance market databook
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Our clientele includes a mix of home fragrance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea home fragrance market , including forecasts for subscribers. This country databook contains high-level insights into South Korea home fragrance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea home fragrance market size, by product, 2017-2030 (US$M)
South Korea Home Fragrance Market Outlook Share, 2023 & 2030 (US$M)
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