Market Insights and Analysis: Global Fragrances Market Overview and Projections (2024-2030)
The Global Fragrances Market size is valued at around USD 480 Million in 2024 is poised to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30. Most of the market expansion would be propelled by the growing focus of consumers, especially the young generation millennials, on personal hygiene, coupled with the rising proliferation of aromatherapy practices and the increased spending on beauty personal care products due to the improving living standards worldwide.
Top leading companies in the Global Fragrances Market includes:
Ajmal Perfumes Pvt. Ltd., Attar Al Has, Chanel S A, Church Dwight Co. Inc., Estee Lauder Co. Inc., Givaudan SA, Firmenich SA, Hindustan Unilever Limited, International Flavors Fragrances, Natura Co., Procter Gamble Health Ltd., Revlon Inc., SC Johnson Son Inc., Shanghai Ligan Perfume Cosmetics Co. Ltd., Shiseido Co.Ltd., The Avon Co., The Perfume Company, Others (Burberry Group PLC, Calvin Klein etc.).
Global Fragrances Market Driver:
Booming Demand for Cosmetics to Upscale the Market Growth Graph – The Fragrances Market is being driven by the growing number of working women their increased spending on cosmetics. This trend is expected to strengthen fragrance demand alongside the rising interest in personal care products. Additionally, the expanding global population of elderly individuals is driving the demand for anti-aging cosmetic products, many of which include scents in creams, serums, and facial oils. Thus, consumers' willingness to invest in advanced anti-aging treatments to reduce imperfections, wrinkles, and dark spots while enhancing skin tone is further fuelling the demand for fragrances. Consequently, the aging population's tilt toward cosmetic products and the consumers' pursuit of enhanced attractiveness would instigate the Fragrances Market share in the future years.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Product Type
-Personal Care
-Cosmetics
-Deodorants Perfumes
-Household Care
-Room Fresheners
-Bathroom Fresheners
-Others (Oral Care, Fabric Care, etc.)
By Ingredient
-Natural
-Synthetic
By Distribution Channel
-Offline
-Hypermarket/ Supermarket
-Retail Stores
-Others (Convenience Stores, Departmental Stores etc.)
-Online.
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Global Fragrances Market Geographic Reach:
The Geographic Reach of the Global Fragrances Market evaluates the spread and significance of Global Fragrances market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- South America: Brazil, Argentina, Rest of South America
- Europe: The UK, Germany, France, Spain, Italy, Russia, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- The Middle East Africa: Saudi Arabia, The UAE, South Africa, Turkey, Egypt, Rest of the Middle East Africa.
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