Female Fragrance Market Scope
The female Fragrance market is expected to grow exponentially during the forecast period owing to the increasing working women population and improved spending capacity by them. Also, increasing demand for natural and organic fragrance is generating lucrative opportunities and propelling players to innovate new products according to the ever-changing customer preference.
The female Fragrance market is highly fragmented owing to the number of players present in the market. Market leaders are focusing on product innovation owing to the increasing demand for natural ingredients in products. Such niche level up-gradation is expected to maintain demand, thereby ensuring the long-standing of the industry. Research Analyst at AMA estimates that United States, France Vendors will contribute to the maximum growth of Global Female Fragrance market throughout the predicted period.
Procter & Gamble Company (United States), Chanel (France), Coty (France), Elizabeth Arden (United States), Gucci (Italy), Gianni Versace (Italy), Kate Spade & Company (United States), L’Oréal (France), Revlon (United States), Bulgari (Italy), Shiseido Company, Ltd. (Japan), Hermès (France) and Balmain (France) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Female Fragrance market by Type (Fruity Fragrances, Citrus, Oriental and Woody), by Application (Personal and Commercial) and Region with country level break-up.
On the basis of geography, the market of Female Fragrance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2018, Louis Vuitton Launched First Unisex Fragrance Named As Ombre Nomade, Which Expand Collection And Focuses On Raw Materials To Complement Both Men And Women Both. The Fragrance Is Available In Refillable Bottles in 100 Ml and 200 Ml Sizes, and In April 2018, the Mane SA (France) Company, which is a producer of flavors and fragrances has opened a manufacturing site in Colombia. Therefore, this expansion will strengthen the company's presence in the natural fragrances industry in Colombia.
According to the International Fragrance Association, the EU estimates that between 1% and 3% of the population is allergic to some fragrance materials. Public safety is certainly a key factor in the regulatory framework. Hence, it may act restraint for market growth.
Market Trend
- Online Platform Is Influencing the Sales of
- Increasing Awareness of the Consumer Regarding the Benefits of Using Natural Products
Market Drivers
- Rising Demand for Personal Care and Cosmetic Products across the World
- Increasing Demand for Organic and Natural Products
Opportunities
- Attractive Promotional and Marketing Strategies
- Product Innovation According to Customer Preferences
Restraints
- Growing Concerns among Consumers Regarding Possible Health Issues Due To Some Ingredients
Challenges
- Issue related to High Switching Cost from Synthetic to Natural Sources
Key Target Audience
Female fragrance manufacturers, Raw material Suppliers, Research organizations and consulting companies, Organizations, associations, and alliances related to Female Fragrance, Government bodies such as regulating authorities and policymakers, Industry associations, Market research and consulting firms and Others