Global Cosmetic Fragrance Market Overview:
Cosmetic fragrances refer to complex combinations of natural and man-made substances that are added to a variety of consumer products to give them a unique fragrance. Cosmetic fragrance market has high growth prospects owing to improving lifestyle standard and rise in disposable income in the developing countries. Further, market players are focusing on marketing strategies such as celebrity promotion for the brand which is gaining the attention of the millennials. In addition, increasing demand from the developing economies expected to drive the demand for the cosmetic fragrance over the forecasted period.
- Growing Popularity If Fragrances among Grooming and Personal Care Products
- Changing Lifestyle Standard Fueled By Rise in Disposable Income
- Rising Adoption of Fragrances Endorsed By Celebrities
- Growing Focus on New Cosmetic Product Development and Marketing Strategies
- Stringent Regulation for Using Few Ingredients in Cosmetic Products
- Growth in Women’s Fragrances Industry
- Increasing Disposable Income in the Low and Middle Income Group Country
- Emergence of Local Player’s Product
Number of players are present in the market hence fragmented nature of the market. Market players are focusing on the new cosmetic fragrance development which is expected to generate lucrative opportunities for the market players involved in the cosmetic fragrance market.
Some of the key players profiled in the report are Chanel (France), Kering (France), PVH (United States), CK Hutchison Holdings (Hong Kong), The L’Oréal Group (France), Groupe Clarins SA (United States), A.S. Watson Group (Hong Kong), The Estée Lauder Companies Inc. (United States), Sainsbury’s (United Kingdom) and LVMH (France). Additionally, following companies can also be profiled that are part of our coverage like Walgreens Boots Alliance (United States), Estée Lauder Companies (United States) and Givaudan (Switzerland). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Cosmetic Fragrance market by 2024. Considering Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Cosmetic Fragrance market.
“According to the Food and Drug Administration, fragrance ingredients in cosmetics must meet the same requirement for safety as other cosmetic ingredients. The law does not require FDA approval before they go on the market, but they must be safe for consumers when they are used according to labeled directions, or as people customarily use them. Companies and individuals who manufacture or market cosmetics have a legal responsibility for ensuring that their products are safe and properly labeled.”
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cosmetic Fragrance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cosmetic Fragrance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cosmetic Fragrance Manufacturers, Cosmetic Fragrance Distributors, Potential Investors, Government and Other Regulatory Bodies, Research Institutes and Organizations, Market Research Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.