Fragrances Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Fragrances Market: By Form (Perfumes, Deodorants, Cologne, Scent, Body Mists, Aftershave, Roll on, Custom-Made), By Aroma (Floral, Oceanic, Oriental, Citrus, Spicy, Woody, Green, Mint, Pungent, Fresh), By Usage (Men, Women, Unisex), By Distribution Channel (Supermarkets, Hypermarkets, Drugstores, Online stores) and Geography

 

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Description

Global Fragrances Market

 

Market Dynamics: 

Fragrances are products which enables mask natural body odor. Fragrances market complex combinations of synthetic and natural substances which impart distinctive smell. Fragrances have become as an essential daily commodity in a person’s life. Surge in disposable income coupled with increased awareness among the people is expected to accelerate demand for fragrances market. Rise in demand for aromatherapies, growing demand for men’s products due to rise in appearance consciousness of men boosts the growth of fragrance market. Furthermore, high frequency in launching new products, innovative fragrances, huge demand for beauty products, and rise in beauty consciousness is expected to propel the growth of fragrance market. Moreover, rise in demand for custom made fragrances, the presence of a huge number of young population who are more attractive towards cosmetics, increase in expenditure on beauty and appearance drives the market growth for fragrances. However, harmful effects on skin, high cost of the products hinder the growth of fragrance market.

 

Market Scope:

Fragrances market is segmented on the basis of Form, Aroma, Usage, and Distribution channel and Geographical regions

 

Based on the Form, global market is segmented into the following

  • Perfumes
  • Deodorants
  • Cologne
  • Scent
  • Body Mists
  • Aftershave
  • Roll on
  • Custom-Made

 

Based on the Aroma, global market is segmented into the following

  • Floral
  • Oceanic
  • Oriental
  • Citrus
  • Spicy
  • Woody
  • Green
  • Mint
  • Pungent
  • Fresh

 

Based on the Usage, global market is segmented into the following

  • Men
  • Women
  • Unisex

 

Based on the Distribution Channel, global market is segmented into the following

  • Supermarkets
  • Hypermarkets
  • Drugstores
  • Online stores

 

Regional Analysis: 

Geographically, Fragrances market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa regions. North America is expected to account for major share in fragrances market owing to high living standards of the people, high disposable income, and awareness of beauty products. The European region is also the largest market for the fragrances due to rapid adoption of advanced fashion technologies. Asia Pacific region, Latin America and MEA show significant growth over the forecast period in fragrances market owing to growing living standards, the rise in disposable income, entering of multinational companies into the emerging markets like India, Brazil, and China.

 

Competition Assessment: 

Key players profiled in the global market include

  • L’Oreal International (France)
  • Elizabeth Arden Inc. (U.S.)
  • Bvlgari Parfums (Italy)
  • Estee Lauder Companies Inc. (U.S.)
  • Coty, Inc. (U.S.)
  • Clarins Fragrance group (France)
  • Beaute Prestige International (France)
  • Avon Products, Inc (U.S.)
  • Chanel SA (France)
  • Cartier Perfumes International (France)
  • Calvin Klein, Inc.(U.S.)
  • Cacharel (France)

 

Notable Market Developments: 

  • In April 2017, ITC’s Engage launched Engage ON, a new range of pocket perfumes for men and women.
  • In October 2015, Victoria’s Secret launched customizable fragrances, where the consumer can create their own perfumes.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies and regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


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