Fragrance Product Market Revenue, Opportunity, Segment and Key Trends 2015-2025: FMI Estimate

Global Fragrance
Product Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 – 2025
Future Market Insights
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Report
Description
Report Description
Fragrance products make up one of the largest segments in personal care industry and is
expected to grow at a double digit CAGR over the forecast period 2015-2025. The global
fragrance product market is largely driven by the westernized daily grooming routines and
increasing consumer spending on personal care products across the globe.
Perfumes and deodorants are the two main categories of fragrance products among which
deodorant is the fastest growing segment when compared to the perfumes. Deodorants are
cheaper in price in comparison of perfumes and affordable for all category of consumer.
Speedily increasing demand of fragrance products by young population is one of the major
factor driving growth of the fragrance product market all over the world. Deodorants and
perfumes are of utmost importance for young generation especially in female category for daily
grooming routines.
Global Fragrance Product Market: Drivers and Restraints
Variety of fragrances offered by fragrance product manufacturing companies, innovative
technology used in perfume and deodorant bottles, increasing consumer spending on fragrance
products, various offers and discounts offered by fragrance product companies and various
functional advantages of fragrance products are some of the prime factors that are ballooning
the demand for fragrance products.
Report
Description
Report Description
These factors are expected to drive fragrance product market to a great extent during the
forecast period.
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However, skin problems such as skin irritation and darkening of skin, caused by some harmful
ingredients used in fragrance products may hamper the demand of perfumes and deodorants.
In addition, environmental concern due to parabens that release out of deodorant spray which
are responsible for the ozone layer depletion, may act as a restraining factor for the growth of
global fragrance product market.
Global Fragrance Product Market: Market Segmentation
• Perfumes
• Deodorants
The Fragrance product market is broadly classified into three segments on the basis of
demography
• Male Fragrance products
Report
Description
Report Description
• Female Fragrance Products
• Unisex fragrance products
The Fragrance product market is broadly classified into three segments on the basis of product
prices
• High
• Medium
• Low
Global Fragrance Product Market: Regional outlook
Depending on geographic regions, global fragrance product market is segmented into seven key
regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan,
and Middle East & Africa. Maximum population of developed countries use fragrance products
on daily basis and these countries are faring better in global fragrance product market.
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Report
Description
Report Description
As of 2014 North America dominated the global fragrance product market followed by Western
Europe and both of these regions are lucrative market for fragrance products. Moreover, Asia
Pacific region is anticipated to be the fastest growing region during the forecast period owing to
the increasing per capita spending power and westernization of the daily grooming routines.
Furthermore, young population of growing economies such as India and China is expected to
drive the demand for fragrance products in Asia Pacific region.
Global Fragrance Product Market: Market Players
The key players operating in global fragrance market are Lutens’ Borneo, Eau de Vert Eau de
Parfum, L’eau Serge Lutens, Clive Christian, L’Oreal SA, Floris, Coty Inc., Revlon Inc. Eastee Lauder,
Aramis, Christian Dior, BulgariS.p. A., Louis Vuitton, Calvin Kelin, LVMH Group, Chanel, Fifth &
Pacific Companies, Procter and Gamble, Gucci, Bourjois, Prada. These market players are offering
variety of fragrances with multiple advantages in order to get the competitive advantages.
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Fragrance products make up one of the largest segments in personal care industry and is expected to grow at a double digit CAGR over the forecast period 2015-2025. The global fragrance product market is largely driven by the westernized daily grooming routines and increasing consumer spending on personal care products across the globe. Perfumes and deodorants are the two main categories of fragrance products among which deodorant is the fastest growing segment when compared to the perfumes. Deodorants are cheaper in price in comparison of perfumes and affordable for all category of consumer.