Wednesday 23 October 2019

Fragrance Market to Witness Huge Growth 2019–2025 | Key Players: L'Oreal, Unilever, The Procter & Gamble, Kering and CHANEL

The global fragrance market size is expected to reach USD 91.17 billion by 2025, according to a new report by Radiant Insights, Inc. It is projected to register a CAGR of 3.7% over the forecast period. Rising awareness regarding cleanliness and personal hygiene among middle-class income groups in the emerging economies including India, China, Thailand, Vietnam, and Brazil is expected to expand the scope of fragrances over the forecast period.

Personal care is anticipated to emerge as prominent application segment owing to increasing demand for the products including perfume, deodorants, soap, talcum powder, cream, and hair oil. Moreover, rising demand for car and room fresheners coupled with the popularity of aromatherapy in households is anticipated to further fuel the growth. In addition, hospitality has become one of the emerging sectors for fragrances owing to their rising usage to create a pleasant environment. The sector has significant demand for different kinds of fragrances including jasmine, lavender, and eucalyptus which boost up consumers' mood and create a lively environment.

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Fragrance Market

North America was the largest market in 2018, generating a revenue exceeding USD 20 billion. Major manufacturers are adopting strategies such as new product launch and mergers and acquisitions. For instance, in 2017, Coty Inc. signed an agreement to buy 60% of the stakes of the Younique, LLC, a company dealing in direct sales exclusively through the social media and online platforms.

Key market participants are L'Oreal Group; Unilever; The Procter & Gamble Company; Kering S.A.; CHANEL International B.V.; LVMH Group; Givaudan; Revlon Inc.; Firmenich International SA; Estee Lauder Companies Inc.; Coty Inc.; and Giorgio Armani S.p.A. Some of the manufacturers are focusing on R&D of organic products to expand the product portfolio. For instance, in June 2018 Elsa's Organic Skin Foods, a U.K. based company, launched Ocean Natural Deodorant Creme. The product is a silk to powder deodorant balm contains natural antibacterial such as Rose Geranium, Tea Tree, and Patchouli.

Further key findings from the report suggest:
• Personal care application led the global fragrance market, with a revenue share of over 47.8% in 2018
• Online channels are expected to account for 8.2% of the global share by the end of 2025
• North America led the market in 2018, accounting for 33.9% of the global share
• New product launches, mergers and acquisitions, and capacity expansion are expected to remain the key strategies among the industry participants over the forecast period.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/fragrances-market

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

Chapter 3. Fragrance Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Fragrance Market
3.7. Market Entry Strategies

Chapter 4. Fragrance Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2018 & 2025
4.2. Deodorants
4.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
4.3. Perfumes
4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
4.4. Others
4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 5. Fragrance Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2018 & 2025
5.2. Personal Care
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Household Care
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Others
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Continued…

Read all Reports of this category @ https://www.radiantinsights.com/catalog/consumer-goods

About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.


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