Global Fragrances and Perfumes Market Revenue 2019 | Remarkable Growth Factors with Industry Size & Share, New Innovations of Leading Players & Forecast till 2024
Fragrances and Perfumes Industry 2019 Market Research Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
The “Fragrances and Perfumes Market” report 2019 delivers detailed profiles of key players with latest investigation and highlights the rising opportunities and difficulties looked by Fragrances and Perfumes market. The report examines the market status depending up on its CAGR, latest trends, market dynamics, growth rate, opportunities and forecast details. Fragrances and Perfumes market research study is significant for manufacturers in the Fragrances and Perfumes market, including industry stakeholders, distributors, suppliers, and investors, and it can also help them understand applicable strategies to grow in the Fragrances and Perfumes market.
Fragrances and Perfumes Market Report Covers the Manufacturers:
- 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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- 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.greater than
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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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
Key Market Trends:
Increasing Expenditure on Advertisement and Promotion
RandD 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.
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Detailed TOC of Fragrances and Perfumes Market Report 2019-2024:
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
5.1.1 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
5.4 Distribution Channel
5.4.1 Offline Retail Stores
5.4.2 Online Retail Stores
5.5.1 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.5.3 Asia – Pacific
18.104.22.168 Rest of Asia – Pacific
5.5.4 South America
22.214.171.124 Rest of South America
5.5.5 Middle East and Africa
126.96.36.199 South Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East and 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
Name: Ajay More
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