It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
In addition, the hassle-free purchase, availability of a wide range of products, and convenient delivery are also encouraging the online sale segment. Distribution Channel Insights The offline segment was the largest distribution channel inholding This new report from LeadingMarketResearch.
North America region is expected to dominate the market during the forecast period due to factors such as growing economy and growth in sales of premium products.
Aromatic oils are mostly used for perfumery, cosmetics and flavoring of food. With the introduction of perfumes with synthetic ingredients, other products such as attars are facing tough competition.
Global fragrance market can be bifurcated into three categories such as perfume, deodorant and others.
Furthermore, increasing number of working women and awareness regarding cosmetic products encourages the demand for personal grooming products. Deodorants are also gaining popularity owing to properties the ease of use and last long effect of the products.
Strong competition within On the basis of usage, the market can be segmented by female, men, and unisex perfumes.
In addition, increasing awareness regarding physical fitness among adults has increased the number of gym-goers and thus, in turn, will promote the demand for body odor controller products, such as deodorants.
Nonetheless, the usage of chemical materials which may have some side effects and fake cosmetics and toiletry products are expected to hinder the growth of the global fragrance and perfume market during the forecast period.