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Digital Scent Technology Market Trends

Report ID: GMI7763
Published Date: Jan 2024
Report Format: PDF

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Digital Scent Technology Market Trends

The integration of scent technology with AI and digital advancements is a pivotal trend propelling the market development. With industries recognizing the potential for enhanced user experiences, there is a greater need to provide immersive digital experiences and open new avenues for applications, for meeting the evolving consumer expectations and industry demands for innovative and interactive technologies. For instance, in 2023, Iberchem unveiled a cutting-edge digital tool designed to expedite the process of creating natural fragrances, marking a significant advancement in fragrance formulation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of digital scent technology reached USD 1.13 billion in 2023 and is set to observe 9% CAGR between 2024 and 2032, owing to the continuous technological advancements.

The E-nose segment held a market share of over 60% in 2023, driven by rising adoption to potentially detect illnesses like cancer, diabetes, and infections based on specific scent markers.

North America market share was around 38% in 2023, attributed to the rapid expansion of the healthcare, marketing, food & beverage as well as safety and security sectors.

Airsense Analytics GmbH, Alpha MOS SA, Aromajoin Corporation, Aryballe Technologies SA, Electronic Sensor Technology, Envirosuite, Givaudan SA, ScentSational Technologies LLC., Smiths Detection Group Ltd., Teledyne FLIR LLC, and The eNose Company.