Malaysia Air Care Market Value to Increase at 4% CAGR to 2021, States Euromonitor in Its Report Available at MarketPublishers.com04 May 2017 • by Natalie Aster
LONDON – In general, Malaysia’ citizens are becoming more conscious about their health, and this has resulted in certain concerns over the possible side effects of inhaling synthetic fragrances. Hence, more people are currently going after air care products that are made using natural constituents and extracts.
The value of the air care sector is projected to increase at a 4% CAGR at constant 2016-prices till 2021. This growth rate is likely to be slower than the 5% value CAGR posted in the category at constant 2016-prices during the analysis period as this deceleration is anticipated to take place owing to the surging awareness of hazardous chemical substances which can be found in air deodorants amid domestic consumers.
As has been revealed by some local tests, prevalent air care products enclose phthalates, which could damage their immune systems and brain health. More educated consumers are thus anticipated to decrease their consumption of air care products in the years to come on the back of these concerns.
Comprehensive research report “Air Care in Malaysia” drawn up by Euromonitor is targeted to comprehensively assessing the air care market at a country level. It analyses the up-to-the-minute retail sales data, allowing for identification of the sectors boosting growth. The study casts light on the competitive scenario, gives details about the leading companies and major brands, and also encloses a strategic analysis of the major factors that have a bearing on the marketplace. An overview of the major trends, market opportunities and threats is provided in the report. Furthermore, detailed 5-year market forecasts are provided in the study, giving an idea of how the market is poised to develop in the foreseeable future.
More insightful market studies by our partner can be found at Euromonitor page.