The Fragrances Market: A Comprehensive Analysis
According to recent study by MarkNtel Advisors the Global Fragrances Market is projected to witness a compound annual growth rate (CAGR) of around 6.1% between 2024-2030. Various factors, including market trends, size, forecasts, growth factors, challenges, and competitor assessments drive this growth.
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Fragrances Market Segmentation Analysis: 2024-2030
The Fragrances Market is segmented into:
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
and each segment is further divided into subdivisions, providing a detailed breakdown of the market dynamics.
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Global Fragrances Market Trend:
Rising Fondness for Natural Fragrances to be a Trend in the Global Market – The Fragrances Market is witnessing a surge in the preference for natural scents obtained from plants, animals, or fruits over synthetic counterparts. This shift is propelled by heightened awareness of the adverse effects of chemical-based fragrances on skin and overall health. Products like deodorants, hair oils, perfumes, and detergents containing synthetic fragrances have been linked to skin irritation upon direct contact. Consequently, there’s an expected inclination among consumers towards choosing natural fragrances, a trend poised to positively impact the market.
Geographical Coverage of the Global Fragrances Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America has captured a significant market share in the Global Fragrances Market.
Top Leading Key Players of Global Fragrances Market
- 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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Common Queries
- What is the current trajectory of cost and profit estimations in the Fragrances Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Fragrances Industry?
- Which technological advancements are anticipated to shape the future of the Fragrances Market?
- Who are the noteworthy players highlighted in the Fragrances Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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