openPR Logo
Press release

Fragrance Market | Increased Preferences for Luxury Perfumes to Bolster Demand in the Market

09-22-2020 01:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Fragrance Market | Increased Preferences for Luxury Perfumes

The emerging trend of personal grooming has paved way for the advent of luxury and exotic fragrances, which is forecasted to encourage development of the global fragrance market over the period of assessment, from 2019 to 2029. In addition to that, a rise in the disposable income of the people together with the inclination to spend in premium fragrance products is foreseen to work in favor of the global fragrance market over the tenure of analysis, from 2019 to 2029.

In the last few years, fragrances have emerged as a significant business sector in the personal care and cosmetics industry. Growing popularity of personal care widens the scope of use of fragrances.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6744

Product, application, distribution channel, and region are the four key parameters based on which the global fragrance market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

Global Fragrance Market: Notable Developments

The global fragrance market has come across some major developments over the last few years. One of such developments that have played an important role in influencing the course of the market is mentioned below:

In March 2019, JO Malone London, a subsidiary of Estée Lauder Companies, has launched a set of brand new perfumes in the market. Utilizing the banner ‘Wild Flowers & Weeds, these new perfumes were launched with five different fragrances. These different fragrances are Nettle and Wild Achillea, Willow and Amber, Lupin and Patchouli, Hemlock and Bergamot, and Cade and Cedarwood. These exotic fragrances are expected to draw the attention of the lovers of perfumes and add to the sales of these perfumes.

Some of the key players in the global fragrance market comprise the below-mentioned:

Louis Vuitton Moet Hennessy
Natura Cosmticos SA
Avon Products Inc.
Estée Lauder Companies
Elizabeth Arden, Inc.
L’Oreal Groupe

Global Fragrances Market: Key Trends

The following drivers, restraints, and opportunities characterize global fragrance market over the assessment period, from 2019 to 2029.

Rapidly evolving preference of consumers toward personal care and grooming products is estimated to support growth of the global fragrance market in the years to come. Fragrances are utilized across several applications, such as cosmetics, toiletries, detergents, soaps, and household products. Such wide use of the product is estimated to fuel growth of the global fragrance market over the forecast period. Augmented demand for fragrant products amongst both women and men is expected to amplify growth opportunities for the global fragrance market in the years to come.

Fragrance manufacturers are striving to attract customers, both existing and prospective, through product development. Product with exotic, new aromas for both household and cosmetic purposes are gaining popularity rapidly, thereby driving the demand for fragrances in the near future.

Global Fragrances Market: Geographical Analysis

Over the period, Europe is foreseen to dominate the global fragrance market due to a rich history of evolution and invention of fragrances across region. Region is the birthplace of several renowned fragrances and fragrance companies, such as Nina Ricci, Chanel, Christian Dior, and Guerlain in the region is likely to support development of the fragrance market in Europe.

Get Table of Content of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=6744

Asia Pacific is expected to present immense growth opportunities for the fragrance market in the years to come, thanks to the growing preference toward luxury perfume brands and rising disposable income in the region.

The global fragrance market is segmented as:

Product

Deodorants
Perfumes

Application

Personal Care
Household Care

Distribution Channel

Offline
Online

About Us:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact Us:
Rohit Bhisey
Head Internet Marketing
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fragrance Market | Increased Preferences for Luxury Perfumes to Bolster Demand in the Market here

News-ID: 2139334 • Views: 187

More Releases from TMR Research

Telepresence Robotics Market Share and Growth Factors Impact Analysis 2018 – 2 …
Global Telepresence Robotics Market: Snapshot Numerous little to enormous organizations use telepresence and video conferencing frameworks for virtual gatherings with clients, representatives, or accomplices situated at far off areas. It empowers productive correspondence among people situated in various pieces of the world, without voyaging physically. In spite of the fact that telepresence and video conferencing are utilized conversely, the two advancements offer unmistakable capacities. The objective of these advancements is to make
Small Cell Networks Market Competitive Landscape Analysis with Forecast by 2028
Global population is now highly inclined towards advanced and connected technologies. Merely almost two-decade back internet was developed and was made available for the public. Its demand has grown exponentially in both developed and developing regions. Gradually, advancements took place in it from GSM to CDMA and to 3G and 4G. Communication service providers have also played a key role in accelerating demand in the global small cell networks market
Crane Rail Market Current Trends and Future Aspect Analysis 2018 – 2028
Global Crane Rail Market: Snapshot The crane rail market offers products and services necessary for loading cargos on rails through various loading mechanisms. The global crane rail market also provides essential goods and services for and accident recovery work and permanent way (PW) maintenance, essential for the operation of railways. The crane rail market is expected to register healthy growth in the near future as infrastructure developments in Asia Pacific region
Edge Data Center Market Competitive Analysis and Forecast 2018-2028
Global Edge Data Center Market: Snapshot Edge data centers are advanced data centers which often process data in a centralized manner to integrate cloud technologies, artificial intelligence, and a host of other services. The rising demand for internet services and products is driving the growth of the edge data center market. Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4308 Edge data center market is increasing defined by products

All 5 Releases


More Releases for Fragrance

India Fragrance Market Outlook, 2022
Organized deodorant and perfume players to dominate the fragrance industry in India by 2022: Bonafide Research Factors like rise in young population, noticeable demand for fragrance products from tier II and tier III cities, hotter Indian climate and big players entering the market space is resulting in increased demand for fragrance products. The fragrance industry's rapid growth is attributed primarily to the advent of functional products with several characteristics. The fragrance market
Fragrance Ingredients Market Growth Advancement Strategies 2025
Global Fragrance Ingredients Market: Snapshot Fragrances, whether natural or synthetic, are a blend of a wide range of extracts and chemical that impart the peculiar smell. These ingredients are predominantly processed used extracts of flowers, fruits, trees, and spices amongst others. However, technological advancement in production techniques have enabled production of chemicals that are also lend the same kind of scent. Processes such as extraction and distillation are used for turning
Fragrance Market by Type & Forecast to 2020
Commonly known as perfume, fragrance is a mixture of essential oils or aroma compounds, fixatives and solvents commonly used to provide pleasant scent to the human body, animals, food, objects and any living space. Over the years, people used herbs and spices such as almond, coriander, myrtle, conifer resin or and bergamot as well as flowers to provide pleasant aroma or scent to their food ingredients. Fragrance oil also known
Global Halal Fragrance Market Research Report 2016
The report on the Halal Fragrance deals with the all its critical facts and figures that will help in creating an in-depth and insightful analysis. The market is elucidated in a holistic fashion that allows the users to gain a thorough analysis of the market, as developed using the factors that are likely to have a significant effect on its development over the coming years. The report offers an illustrative overview
Global Female Fragrance Market Size by 2024
Fragrance, certainly one of the most important and appealing personal care accessories, is a favorite among ladies across the globe. While some women prefer mild fragrance, others may choose a strong one. In one of the several available forms, women have a personal choice of fragrance, whether they work at offices or at home. The global female fragrance market is a dynamically growing market on a global level. Persistence Market Research
Fragrance Market Global Demand by 2020 : PMR
Commonly known as perfume, fragrance is a mixture of essential oils or aroma compounds, fixatives and solvents commonly used to provide pleasant scent to the human body, animals, food, objects and any living space. Over the years, people used herbs and spices such as almond, coriander, myrtle, conifer resin or and bergamot as well as flowers to provide pleasant aroma or scent to their food ingredients. Fragrance oil also known