Fragrances Market Analysis, Price Trend, Industry Overview and Report 2024-2030

Market Insights

As per recent research by MarkNtel Advisors, 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.

Global Fragrances Market 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 Segmentation and Consumer Behavior:

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

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Fragrances Market Geographical Analysis:

By Region:

North America
Europe
Asia-Pacific
South America
Middle East & Africa

Key Players and Competitive Strategies in the Fragrances Market

Several prominent players dominate the Fragrances Market, including:

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.)

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Questions Addressed in this Study

1.What factors are driving the Fragrances Market growth?

2.How is the Fragrances Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Fragrances Market?

4.What is the current size of the Fragrances Market, and how is it projected to change in the future?

6.What is the future outlook for the Fragrances Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.