Market analysis fragrance

It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

fragrance industry market analysis pdf

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.

Perfume industry trends 2018

Some of the major companies operating in the global fragrance market are Revlon, Inc. On the basis of product, the fragrance and perfume market can be segmented by perfume, deodorant, roll-on, and other. Fragrance and perfume providers are becoming more innovative and offering better products at reasonable prices. Far outpacing other economies in the world, China Online channels segment is expected to witness a CAGR of 4. Increasing disposable income allow the customer to spend more on luxury products among which fragrance plays key role. With increase in population there is increasing consumer expenditure on personal and beauty care products. Coty Inc.

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.

Fragrance industry statistics 2018

Aromatic oils are mostly used for perfumery, cosmetics and flavoring of food. Appearance and personal care have become sense of pride, self reliance and confidence. Some of the key players are Coty Inc. The global fragrance and perfume market can be segmented on the basis of usage, type, product, distribution channels, and geography. These products are also used to express personal elegance, individuality, and self-confidence. Rising awareness regarding personal hygiene, along with the availability of a wide product portfolio in retail shops are some of the prominent factors driving the demand for perfumes. The overall annual disposable income in India medium household income increased from USD 1, Major manufacturers are launching new products to gain competitive edge.

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.

niche fragrance market

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.

fragrance market share
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Fragrance and Perfume Market Size, Share, Trends, Forecast ()