Digital Scent Market worth USD 39.1 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Digital Scent Market by Hardware (Scent Synthesizer and E-nose), by End-Users (Military and Defense, Healthcare, Food and Beverage, Waste Management and Other End-user Verticals), by Region – Global Share and Forecast to 2027". The global digital scent market size is expected to grow from USD 17.9 million in 2020 to USD 39.1 million by 2027, registering a CAGR of 11.8% from 2021 to 2027. The application of digital scent technology is in the production of artificial meat. The e-nose and scent synthesizer have been very popular with artificial meat providers, as they are utilized to quantify the smell of artificial meat using digital scent technology. The producers of artificial meat can measure and augment the scent of artificial meat to match the smell characteristics of real meat. Companies like Equinom, are using technologies, like digital scent and e-tongue, to categorize variations in taste and smell. Further, the adoption rate in the artificial meat industry has increased in recent times due to the use of artificial intelligence.

Global Digital Scent Market Segmentation

The overall digital scent market has been segmented into the hardware, end-users, and region.

• By Hardware (Scent Synthesizer and E-nose),
• By End-Users (Military and Defense, Healthcare, Food and Beverage, Waste Management and Other End-user Verticals)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Waste Management, by end-user, is estimated to hold the largest market share during the forecast period

The global digital scent market is segregated into military and defense, healthcare, food and beverage, waste management, and other end-user verticals based on end-users. Waste management accounted for the largest revenue share of 30.7% in the global market of digital scents. The developments are driving researchers to develop solutions for solving the detection of pollutants. The researchers at University Malaysia Pahang (UMP) have developed an e-nose for identifying the source of contamination.

In addition, scientists in NTU have developed a prototype capable of detecting airborne hazards and offers real-time monitoring of air quality. The device can be used for detecting potential air contamination in cases of illegal dumping of toxic waste, natural disasters, and other emergency scenarios. Wastewater Treatment Plants, which are also subjected to manage odor problems to comply with many standards and regulations, provide significant scope for the market. Overall, the waste management/environment monitoring applications are estimated to offer significant scope for digital smell technologies.

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North America accounts for the largest market share in the digital scent market 2020

Based on the regions, the global digital scent market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 35% in the global digital scent market and was anticipated to maintain its dominance throughout the forecast period. In North America, The US army was the first to utilize smell detectors in its aircraft in 1967. The e-nose played a significant role in the Vietnam war, where soldiers used e-nose equipment to track the whereabouts of enemies. Presently, the US army has the most advanced e-nose system available. The military recently showcased its e-nose-based special hazardous material detection equipment during a drill held in October 2019.

The region is also home to a major food and beverages industry, which is highly regulated; this is where the e-nose technology finds a prime opportunity for growth. For example, according to the US Census Bureau, in November 2019, the monthly retail sales of food and beverage stores in the US were at USD 66,469 million. According to StatCan, retail sales in Canada's food and beverage stores in 2018 were at CAD 124.22 billion. The demand for e-nose technology is high in the food and beverage industry. The red meat and poultry industry has witnessed unprecedented growth in recent years. According to the data published by the US Department of Agriculture (USDA), an average consumer consumed 222.2 pounds of red meat and poultry in 2018. The industry is required to follow strict regulations in the handling and processing of meat.

This research report includes a study on the development and marketing strategies and a survey of the product portfolios and winning strategies of the leading companies operating in the digital scent market. It also consists of the profiles of leading companies such as Alpha MOS SA, Electronic Sensor Technology Inc., Plasmion GmbH, Odotech Inc., The eNose Company, AIRSENSE Analytics GmbH, Aryballe Technologies SA, Common Invent BV,  Sensigent LLC, and Stratuscent Inc. These market players have focused on acquisitions and expansion to gain a larger market share in the digital scent market.

Browse complete report: https://www.marketstatsville.com/digital-scent-market

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