What is Fragrance Products Market Scope?
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.
The Fragrance Products market study is being classified by Type (Male Fragrance Products, Female Fragrance Products and Unisex fragrance Products), by Application (Personal Care and Household Care) and major geographies with country level break-up.
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. Research Analyst at AMA predicts that Vendors from European will contribute to the maximum growth of Global Fragrance Products market throughout the predicted period.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Bulgari S.p. A. (Italy) and Fifth & Pacific Companies (United States).
Analyst at AMA have segmented the market study of Global Fragrance Products market by Type, Application 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).
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.
Influencing Market Trend
- Shifting Consumer Preference towards Aromatherapy
- The Rising Influence of Social Media and Celebrity Endorsement
- Various Offers and Discounts Offered By Fragrance Product Companies
- The Rise in Online Sales, Cosmetics, and Perfume Retailers
- 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
- Increasing Demand of Fragrance Products by Young Population
- Increased Spending On Attractive Packaging, Advertisement, and Promotional Activity by FMCG Companies
- Innovative Technology Used In Perfume and Deodorant Bottles
- Skin Problems Such As Skin Irritation and Darkening Of Skin, Caused By Some Harmful Ingredients Used In Fragrance Products
- Environmental Concern Due To Parabens That Release Out Of Fragrance Products
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
Customization available in this Study:
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