Global Fragrance and Perfume Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Fragrance and Perfume Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Fragrance and Perfume market report has been segmented on the basis of product type, end-user, sales channel, and region.
Global Fragrance and Perfume Market: Overview
Fragrance and perfume products are mainly used to remove unwanted body smell that occurs due to sweating. These products are very essential and useful in day-to-day life and help to raise personal appearance of individual.
Global Fragrance and Perfume Market: Dynamics
Growing population, changing lifestyle coupled with increasing disposable income are major factors is expected to fuel growth of the global fragrance and perfume market over the forecast period. In addition, increasing awareness about the benefits of fragrance and perfumes is another factor driving growth of the target market.
Increasing demand for trending perfumes such as eco-friendly, natural, and custom-made perfumes, youth-oriented products, and improved living standard are some key factors expected to drive revenue growth of the global market during the forecast period.
In addition, rising awareness about ongoing fashion trends among individuals across the globe and increasing product advertising through various social media applications are other factors expected to boost growth of the global market in the next 10 years. Furthermore, increasing use of personal care and beauty products to improve physical appearance, to boost confidence, and to enhance mood are among the major factors expected to proliferate growth of the global market in upcoming years.
However, presence of chemical ingredients in perfumes may generate side effects for some individuals and availability of substitute personal care and cosmetics products are expected to hamper growth of the global fragrance and perfume market to a certain extent.
Global Fragrance and Perfume Market: Segment Analysis
On the basis of product type, unisex fragrance and perfumes segment expected to witness high growth rate in the global market over the forecast period due to the increasing demand for perfumes across the globe along increasing awareness about their various benefits are key factors expected to drive of the growth of this segment in the target market.
On the basis of sales channel, multi-retail stores segment is estimated to account for a significant share in terms of revenue in the global fragrance and perfume market, owing to availability of wide range of personal care and cosmetics products and ease of shopping in multi-retail stores as per requirement.
Global Fragrance and Perfume Market: Regional Analysis
The market in Europe is expected to account for major share in the global market in terms of revenue during the forecast period followed by market in the North America, owing to high awareness about trending fashion and high disposable income of individuals in countries in these regions. Asia Pacific market is anticipated to witness high growth in terms of CAGR over the forecast period. Rising demand for fragrance and perfume products in countries such as India and China is key factor fueling growth of the target market in Asia Pacific region. Furthermore, market in Latin America anticipated to witness average growth over the forecast period, followed by market in Middle East and Africa in the global market.
Global Fragrance and Perfume Market Segmentation:
Segmentation by product type
- Female Fragrance and Perfumes
- Male Fragrance and Perfumes
- Unisex Fragrance and Perfumes
Segmentation by end user:
Segmentation by sales channel:
- Specialty Stores
- Multi-Retail Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- P&G Prestige Products, Inc.
- L'Oréal S.A.
- LVMH Moët Hennessy Louis Vuitton S.E.
- Givaudan SA
- International Flavors & Fragrances Inc.
- By Kilian SAS
- Firmenich SA
- Symrise AG
- Guccio Gucci S.p.A.
- Elizabeth Arden, Inc.
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