Global Fragrances Market Report: 2024-2030
According to MarkNtel Advisors recent report “Global Fragrances Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.
Key Highlights of the Report
- Market Performance (2019-2030)
- Market Outlook (2024-2030)
- Market Drivers and Challenges
- Competitive Benchmarking
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Fragrances Market Overview
The Global Fragrances Market is poised to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the growing focus of consumers, especially the young generation & millennials, on personal hygiene, coupled with the rising proliferation of aromatherapy practices and the increased spending on beauty & personal care products due to the improving living standards worldwide.
Fragrances Industry Trends
Rising Fondness for Natural Fragrances to be a Trend in the Global Market
- The Fragrances Market is witnessing a surge in the preference for natural scents obtained from plants, animals, or fruits over synthetic counterparts. This shift is propelled by heightened awareness of the adverse effects of chemical-based fragrances on skin and overall health. Products like deodorants, hair oils, perfumes, and detergents containing synthetic fragrances have been linked to skin irritation upon direct contact. Consequently, there’s an expected inclination among consumers towards choosing natural fragrances, a trend poised to positively impact the market.
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Fragrances Market Segmentation
By Product Type
- Personal Care
- Cosmetics
- Deodorants & Perfumes
- Household Care
- Room Fresheners
- Bathroom Fresheners
- Others (Oral Care, Fabric Care, etc.)
By Ingredient
- Natural
- Synthetic
By Distribution Channel
- Offline
- Hypermarket/ Supermarket
- Retail Stores
- Others (Convenience Stores, Departmental Stores etc.)
- Online
Geographical Insights:
- North America
- Europe
- Asia Pacific
- Middle East/Africa
- South America
Competitive Landscape
The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the Fragrances market.
Key Players
- Ajmal Perfumes Pvt. Ltd.
- Attar Al Has
- Chanel S A
- Church & Dwight Co. Inc.
- Estee Lauder Co. Inc.
- Givaudan SA
- Firmenich SA
- Hindustan Unilever Limited
- International Flavors & Fragrances
- Natura & Co.
- Procter & Gamble Health Ltd.
- Revlon Inc.
- SC Johnson & Son Inc.
- Shanghai Ligan Perfume Cosmetics Co. Ltd.
- Shiseido Co.Ltd.
- The Avon Co.
- The Perfume Company
- Others (Burberry Group PLC, Calvin Klein etc.)
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Why This Report:
- Strategic Insights: These reports aid strategic decision-making for multinational corporations, financial institutions, and governments by providing crucial market insights.
- Global Perspective: With a presence in 80+ countries, the reports offer a comprehensive view of the global market landscape, facilitating informed decision-making on both regional and international scales.
- Expertise in Niche Industries: The specialized team’s expertise in niche industries and emerging geographies allows for detailed and accurate market analysis, vital for informed decision-making.
- Integrated Strategic Parameters: Covering strategic parameters such as Go-to-Market strategies, product development, and trend analysis empowers clients to develop tailored and informed strategies.
- Identifying Growth Opportunities: The reports enable clients to identify investment opportunities, emerging market trends, and white spaces, aiding in maximizing returns and gaining a competitive edge.
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