According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Fragrances Market – Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Fragrances Market Analysis and Size
The Global Fragrances Market size is valued at around USD 480 Million in 2024 is poised to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.
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Some of the major players operating in the Fragrances Market are 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.)
Fragrances Market Growth Driver:
Booming Demand for Cosmetics to Upscale the Market Growth Graph – The Fragrances Market is being driven by the growing number of working women & their increased spending on cosmetics. This trend is expected to strengthen fragrance demand alongside the rising interest in personal care products. Additionally, the expanding global population of elderly individuals is driving the demand for anti-aging cosmetic products, many of which include scents in creams, serums, and facial oils. Thus, consumers’ willingness to invest in advanced anti-aging treatments to reduce imperfections, wrinkles, and dark spots while enhancing skin tone is further fuelling the demand for fragrances. Consequently, the aging population’s tilt toward cosmetic products and the consumers’ pursuit of enhanced attractiveness would instigate the Fragrances Market share in the future years.
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Market Segment and Geographical Analysis
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
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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