About Fragrance Products
Many products that are used on a daily basis contain fragrances. Fragrance products increase body odor. Fragrance products hereby represent an art form that combines a complex combination of various fragrance ingredients with an individual's biological make-up. Ingredients in fragrance products must meet the same safety requirements as other cosmetic ingredients. They must be safe for consumers when used in accordance with the instructions given or as people who typically use them. Fragrance ingredients are mostly used in many different products like shampoos, shower gels, shaving creams, and body lotions. Even some of the products that are labeled as “odorless” may contain fragrances. This is due to the fact that the manufacturer adds just enough fragrance so as to mask the unpleasant odor of some other ingredients without giving the product any kind of noticeable odor. Some fragrance products that are applied to the body are intended for therapeutic purposes, such as the treatment or prevention of illnesses or the impairment of the structure or function of the body. Products intended for this type of use are legally treated as medicinal products, or sometimes both cosmetics and medicinal products. Many other products may contain fragrances but are not applied to the body, such as detergents, fabric softeners, room fresheners, and many others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Fragrance Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clive Christian Perfume (United Kingdom), L’Oreal SA (France), Floris (United Kingdom), Procter & Gamble (United States), Gucci (Italy), Bourjois (France), Prada (Italy), Louis Vuitton (France), Calvin Klein (United States), LVMH Group (France), Chanel (France), Coty Inc. (United States), Revlon Inc. (United States), Estee Lauder Companies (United States) and Christian Dior (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bulgari S.p. A. (Italy) and Fifth & Pacific Companies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fragrance Products market by Type (Male Fragrance Products, Female Fragrance Products and Unisex fragrance Products), Application (Personal Care and Household Care) and Region.
On the basis of geography, the market of Fragrance Products 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). If we see Market by Sales Channel, the sub-segment i.e. Online Stores will boost the Fragrance Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fragrance Type, the sub-segment i.e. Floral will boost the Fragrance Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Natural will boost the Fragrance Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Shifting Consumer Preference towards Aromatherapy, The Rising Influence of Social Media and Celebrity Endorsement, Various Offers and Discounts Offered By Fragrance Product Companies and The Rise in Online Sales, Cosmetics, and Perfume Retailers
Market Growth Drivers:
The Rise in Daily Grooming Routines, Increasing Consumer Spending On Personal Care Products across the Globe, The Increasing Demand for Exotic Products, The Rising Need of Custom-Made and Natural and Eco-Friendly Perfumes, The Increasing Per Capita Spending Power and Increasing Demand of Fragrance Products by Young Population
Challenges:
Environmental Concern Due To Parabens That Release Out Of Fragrance Products
Restraints:
Skin Problems Such As Skin Irritation and Darkening Of Skin, Caused By Some Harmful Ingredients Used In Fragrance Products
Opportunities:
Increased Spending On Attractive Packaging, Advertisement, and Promotional Activity by FMCG Companies and Innovative Technology Used In Perfume and Deodorant Bottles
Market Leaders and their expansionary development strategies
In September 2022 Turpaz Industries, which develops, manufactures and markets fragrance extracts, flavor extracts, intermediates for the pharmaceutical industry and raw materials for the agro industry and fine chemicals and citrus products and aromatic chemicals, announced that it has signed an agreement to acquire control (81%) in Klabin, an American custom fragrance, natural oil blends, and extracts company, for a total of USD 24.3 million, subject to adjustments based on Klabin's business performance during the year 2022.
In March 2019, Jo Malone London, which is a subsidiary of the Estée Lauder Companies had launched a new line of perfumes called WILDFLOWERS & WEEDS that are available in five fragrances namely Willow & Amber, Hemlock & Bergamot, Cade & Cedarwood, Nettle & Wild Achillea, and Lupine & Patchouli.
Fragrances in cosmetics must meet the same safety requirements as other cosmetic ingredients. The law doesn't require FDA approval before they go on sale, but they do need to be safe for consumers if they are used according to the directions given or as they are commonly used. Companies and individuals who manufacture or market cosmetics are legally responsible for ensuring that their products are safe and properly labeled.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Fragrance Products, Suppliers and Distributors of Fragrance Products, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.