Perfume and Fragrance Market 2018 Industry Prominent Key Players Research:Elizabeth Arden, Estee Lauder,Avon,Royal Beauty Group Co,AlQuraishi Fragrances,IFF

Perfume and Fragrance Market Report offered by Market research future gives a market overview of the Fumed Silica industry which covers product scope, market revenue, opportunities, growth rate, sales volumes and figures. The report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2022.

As per the MRFR analysis, the global perfume & fragrance market is expected to reach USD 64690.27 million by 2023 at a CAGR of 6.00% during the forecasted period.

Market Introduction:-

Moreover, e-commerce has grown rapidly at the global level and still has a lot of growing potential, especially in the developing regions as there are high return rates in the e-commerce space. The trend of retail therapy – effortless, relaxing and ultimately enjoyable shopping is one of the major drivers boosting the sales of perfume and fragrance through e-commerce. Also, gifting culture has provided opportunities for market growth of perfumes and fragrances. The main aim of gifts is preserving harmony within one’s family, friends, colleagues, and society. People are ready to invest on expensive commodities owing to the fact that higher price brings a better quality and those qualities properly suit their needs.

Competitive Analysis:-
• Elizabeth Arden, Inc. (U.S.)
• Loreal (France)
• Shiseido (Japan)
• IFF (U.S.)
• Chanel (France)
• Estee Lauder (U.S.)
• Avon (U.S.)
• Vivenza (Kuwait)
• Royal Beauty Group Co. (Kuwait)

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Key Findings:

Europe is estimated to retain its dominance throughout the forecast period at a CAGR of 5.27%. Among the European countries, France is projected to witness a substantial growth at a CAGR of 5.50% during the forecast period of 2017-2023.

Global perfume & fragrance manufacturers find massive opportunities in India owing to the huge demand for perfume & fragrance products, especially, cosmetics and toiletries.

Regional Analysis:-
The global perfume & fragrance market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 5.27% during the review period. This is attributed to the high usage of perfumes, cosmetics, incense, body care products. Among the European countries, France is majorly driving the market of perfume & fragrances in this region. However, Asia Pacific region is expected to grow with a CAGR of 8.0% during the review period. In Asia Pacific region, India is expected to hold 17% market share in the year 2017

Target Audience:-
• Global perfume & fragrance product manufacturers
• End users
• Retailers and wholesalers
• E-commerce companies
• Traders, importers and exporters

Segmentation:-
The global perfume & fragrance market has been segmented on the basis of type, which includes eau de parfum, eau de toilette, eau de cologne, eau fraiche and others. The eau de parfum segment is projected to account for the maximum market proportion at a CAGR of 6.33% during the forecast period. On the basis of ingredients, the global perfume & fragrance market is segmented as natural and synthetic. Among both, the synthetic segment is estimated to witness the highest growth at a CAGR of 5.69% during the forecast period 2017-2023. On the basis of consumer group, the global perfume & fragrance market is segmented into men, women and unisex. Among all the segments, the women segment is estimated to witness the highest growth at a CAGR of 5.67% during the forecast period 2017-2023. On the basis of distribution channel, the global perfume & fragrance market is segmented into store based and non-store based. Among both, store based segment is estimated to witness the highest growth at a CAGR of 5.71% during the forecast period of 2017-2023.

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This release was published on openPR.