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Fragrances and Perfumes Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

Fragrances

The “Fragrances and Perfumes Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Fragrances and Perfumes industry. The information available in the Fragrances and Perfumes market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Fragrances and Perfumes market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Fragrances and Perfumes Market:

  • Coty Inc.
  • Shiseido Company Limited
  • L’Oral SA
  • LVMH Mot Hennessy Louis Vuitton SE
  • Revlon Inc.
  • Avon Products Inc.
  • Abdul Samad Al Qurashi
  • Herms International SA
  • Este Lauder Companies Inc.
  • Oriflame Holding AG
  • Inter Parfums Inc.
  • PDC Brands

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    Market Overview:

  • The fragrances and perfumes market was valued at USD 52.7 billion in 2018 and is expected to be worth USD 72.3 billion by 2024, registering a CAGR of 5.5% during the forecast period, 2019 to 2024. Key players in the market studied are focusing on developing natural fragrances, primarily due to the rising concerns regarding an issue related to synthetic fragrances, such as allergies and toxins. For instance, LUXE brand is positioning itself as a natural fragrance brand and is collaborating with celebrities for product endorsement. Increasing consumer expenditure on personal care products and rising awareness regarding the therapeutic benefits associated with fragrance are driving the market’s growth. The growing popularity of perfumes and increasing demand for higher fragrance concentration are driving the sales of parfums (pure perfume), which have 15% to 40% fragrance concentration.<

    Scope of the Report:

  • Fragrances and perfumes have improved the grooming habits of individuals and have become important products of day-to-day life. Perfume and fragrance products are used to relieve unpleasant body smell produced due to sweating.

    Reasons for Buying Fragrances and Perfumes Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Increasing Expenditure on Advertisement and Promotion

    R&D and advertisements are driving the growth of the market studied. Key players are investing in these factors, in order to influence the consumer purchase decisions. The rising influence of social media and celebrity endorsement is impacting the advertisement strategies adopted by key market players. Key market players are heavily investing in advertisement and promotion, in order to attract consumers on the digital platform. For instance, L’Oréal developed a tool known as the dubbed cockpit, which measures the ROI and productivity of its media investments in real time. This enables better decision-making while formulating performance strategies. In 2017, L’Oreal spent USD 9.16 billion on advertisement and promotional activities, an increase of 4.91%, during the period between 2014 to 2017.
    Asia Pacific Has the Largest Market Revenue

    With increasing disposable income, more local consumers pursue quality products, especially young consumers, which are increasingly crucial for improved consumption. This shows a shift from mass to premium fragrances. Perfumes and fragrances play an increasingly important role in the growth of luxury brands, especially in China, driven by emerging middle-class consumers and millennials who pursue high-end lifestyles. Premium women’s fragrances remained as the most important type, within fragrances and perfume in India. This sector is expected to grow in the forecasted period. With the introduction of perfumes with synthetic ingredients, other products (such as attars) are facing tough competition. This synthetic perfumes segment takes over a major market share.

    Fragrances and Perfumes Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Fragrances and Perfumes Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter Five Forces Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Degree of Competition

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Parfum or de Parfum
    5.1.2 Eau de Parfum (EDP)
    5.1.3 Eau de Toilette (EDT)
    5.1.4 Eau de Cologne (EDC)
    5.1.5 Other Product Types
    5.2 Consumer Group
    5.2.1 Men
    5.2.2 Women
    5.2.3 Unisex
    5.3 Category
    5.3.1 Natural
    5.3.2 Synthetic
    5.4 Distribution Channel
    5.4.1 Offline Retail Stores
    5.4.2 Online Retail Stores
    5.5 Geography
    5.5.1 North America
    5.5.1.1 United States
    5.5.1.2 Canada
    5.5.1.3 Mexico
    5.5.1.4 Rest of North America
    5.5.2 Europe
    5.5.2.1 Germany
    5.5.2.2 United Kingdom
    5.5.2.3 France
    5.5.2.4 Russia
    5.5.2.5 Italy
    5.5.2.6 Spain
    5.5.2.7 Rest of Europe
    5.5.3 Asia – Pacific
    5.5.3.1 China
    5.5.3.2 India
    5.5.3.3 Japan
    5.5.3.4 Australia
    5.5.3.5 Rest of Asia – Pacific
    5.5.4 South America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Rest of South America
    5.5.5 Middle East & Africa
    5.5.5.1 South Africa
    5.5.5.2 Saudi Arabia
    5.5.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Coty Inc.
    6.3.2 Shiseido Company Limited
    6.3.3 L’Oral SA
    6.3.4 LVMH Mot Hennessy Louis Vuitton SE
    6.3.5 Revlon Inc.
    6.3.6 Avon Products Inc.
    6.3.7 Abdul Samad Al Qurashi
    6.3.8 Herms International SA
    6.3.9 Este Lauder Companies Inc.
    6.3.10 Oriflame Holding AG
    6.3.11 Inter Parfums Inc.
    6.3.12 PDC Brands

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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