Industry Outlook

The olfactometers market is expected to project excellent growth at a compounded annual growth rate (CAGR) of 7.2% during the forecast period from 2018 to 2026. Odours are complex mixtures of big and small molecules which are present in very small quantities in the inhaled air. The human olfactory sensory system get stimulated when it comes in contact with odor and the stimuli reported is either a pleasant or unpleasant perception. The assessment of odor is of immense importance especially in the consumer products and food & beverage industries. It is also finding huge demand in the refineries, civil and industrial waste water treatment plants and monitoring of air quality index.

"Hybrid instrumentation are widely employed for their accuracy and precision during quality control of aromatic molecules"

Hybrid instrumentation is currently dominating the technology segment for olfaactometers market. Olfactometers in combination with gas chromatography is widely employed in validating the aromatic samples obtained from natural sources. Odours are a mixture of big and small molecules which are present in extremely small quantities in air and samples. Mass spectrometry is used in combination with olfactometers especially in the food and beverage industry to enhance its aroma and determine the natural essence of essential oils present in spices. Flame ionization detectors are frequently used in combination with olfactometers in analyzing the fragrance and synthetic molecules prepared from ester and ether base present in consumer products used on daily basis. Electronic noses are gathering tremendous attraction on account of its technological advancement in developing electronic sensors for chemical detection and neural network for pattern recognition of different odors. Excellent ergonomic design, improved sensitivity and low price propel the electronic noses market growth.

"Increasing demand for perfumes and changing fashion trend are responsible for the dominance of consumer products"

Consumer products are currently dominating the applications segment for olfactometers market. Constantly changing fashion trend and burgeoning demand for perfumes drive the consumer products market. Currently people are showing keen interest in fragrance and perfumes extracted from natural flowers which is a very tedious and laborious task. Olfactometers are employed in analyzing the quality of scent obtained from natural sources. Environmental monitoring is becoming a sensational agenda throughout the globe on account of factors such as global warming, air pollution and increasing pulmonary disorders due to inhalation of air particulate matters. In cosmopolitan cities worldwide the air quality index has degraded immensely and is not fit for inhalations. Olfactometers are utilized for performing analysis of air samples and report their quality accordingly.

"Flourishing food & beverages and consumer products industry drive the olfactometers market growth in North America"

In the present scenario North America is the largest regional segment pertaining to olfactometers market. The key factors that attributes the progressive nature of olfactometers market in North America are flourishing consumer products and food & beverage industry. Stringent sanctions have been stipulated for environmental monitoring on account of the looming threat posed by the hazardous gas emission in North America. Increasing demand from perfumery industry and burgeoning requirement of essential oils from the culinary segment propel the olfactometers market in Europe. Asia Pacific is set to register impressive growth during the forecast period owing to the increasing industrialization and urbanization affecting the air quality. Availability of natural spices and extraction of their essential oils with enhance aroma have a positive impact on the olfactometers market growth in Asia Pacific region.

The competitive players active in the olfactometers market are Aurora Scientific, Inc., Alpha MOS, Brechbühler AG, GL Sciences B.V., Linde Group, Olfasense, Odournet Group, Prelam Enterprises, Ltd., Scentroid and St. Croix Sensory, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Olfactometers market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Olfactometers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Olfactometers market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Olfactometers market?
• Which is the largest regional market for Olfactometers market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Olfactometers market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Olfactometers market worldwide?