DUBLIN--(BUSINESS WIRE)--The "Global Fragrance and Perfume Market - Segmented by Product Type, Ingredients, Consumer Groups, Distribution Channel, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Global Fragrance and perfume market is projected to grow at the rate of 6.2% during the forecast period as consumers are purchasing more perfume and fragrance products to maintain personal style and individuality.
The fragrance and perfume market growth is also influenced by unpredictable and continuously changing fashion trends. Due to this reason, key players in the market are on a constant lookout for exciting, unique, and new fragrances to attract different consumer groups across the globe. The perfume market expected to witness slow growth compare to overall fragrance market. However, perfumes and colognes, along with body sprays and other scented body products are likely to will witness significant growth during forecast period.
Key players in fragrance and perfume market are concentrating on natural-based fragrances, instead of synthetic-based ingredients due to growing consciousness about risk for allergies and toxins. For instance, the US based LUXE Brands is positioning itself as natural fragrance brands and it is also collaborating with celebrities for product endorsement.
Key Developments in the Fragrance and Perfume Market
- May 2018: L'Oreal announces the signature of a worldwide long-term license agreement with Maison Valentino for the creation, development and distribution of fine fragrances and luxury beauty.
- Oct 2016: Shiseido beat Spain's Puig to win Procter & Gamble's Dolce & Gabbana perfume (D&G) licence, which generates USD 445 million in annual revenue. It aims to grow this to USD 1.11 billion in 10 years.
Key Topics Covered:
1. Introduction
2. Fragrance And Perfume Market Insights
3. Fragrance And Perfume Market Dynamics
4. Fragrance And Perfume Market Segmentation
5. Fragrance And Perfume Market By Geography
6. Fragrance And Perfume Market Competitive Landscape
7. Company Profiles
- Elizabeth Arden, Inc.
- Shiseido
- L'Oreal
- International Flavors & Fragrances
- Chanel
- Estee Lauder
- Avon
- Coty
- Vivenza
- Kilian
- Givaudan
- Symrise AG
For more information about this report visit https://www.researchandmarkets.com/research/gdc9nh/global_fragrance?w=4
