Digital Scent Technology Market is predicted to be worth US$1.5 billion by 2026

The Digital Scent and Technology Market is predicted to grow to a value of US$1.5bn by 2026, according to a new report.

This value indicates an increase of US$500mn over the next five years with the market currently being worth US$1bn as of 2021.

The report, published by MarketsandMarkets, estimates a Compounded Annual Growth Rate (CAGR) of 9.2% over the forecast period and suggests that the growth is due to several factors.

These factors include the advancement of e-nose technologies, the use of e-nose in the food industry, and emerging R&D activities enabling COVID-19 detection.

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