In 2023, India's import of room perfuming or deodorizing preparations stood at approximately 12.45 million USD. Forecasts indicate steady growth, with expected increases of about 3.8% year-on-year in 2024 and continuing similar growth trends through 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 3.5%, reflecting stable demand and market expansion. Driving factors may include increasing consumer interest in home ambiance products and rising disposable incomes.
Future trends to watch for:
- Growing consumer preference for eco-friendly and natural products.
- Potential market disruptions due to e-commerce innovations and new retail models.
- Influence of global raw material prices on import costs.
- Potential regulatory changes impacting import policies and pricing.