Fragrance Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Natural, Synthetic), By Application (Fine Fragrance, Cosmetics & Toiletry, Detergent, Household & Air Care, Tobacco and Others), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online and Others), By Region & Competition, 2019-2029F

Industry : Consumer Goods and Retail
Pages : NA
Published Date : NA

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Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 13.20 Billion
CAGR (2024-2029)	5.3%
Fastest Growing Segment	Online
Largest Market	North America
Market Size (2029)	USD 17.98 Billion

Market Overview

Global Fragrance Market was valued at USD 13.20 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.3% through 2029. The Global Fragrance Market stands as a multifaceted industry that encompasses a diverse range of scents and perfumes catering to varied consumer preferences, cultural influences, and lifestyle choices worldwide. This market thrives on a combination of factors, including changing trends, demographic shifts, consumer behavior, and the artistry of perfumers. Procter & Gamble has opted for Moodify White, an AI-powered software solution for fragrance design, to elevate its fragrance development process. Moodify specializes in AI-powered scent software, accelerating the creation of innovative olfactory experiences. Their range of solutions includes Malodor Control, catering to packaged goods, environments, and pets, as well as Re/Formulations, tailored for personal care and home care products.

Key Market Drivers

Innovation and Product Diversification

Innovation stands as a driving force in the fragrance industry, triggering product diversification, and introducing new scent profiles, delivery methods, and packaging innovations. Technological advancements aid in the creation of novel fragrances and the extraction of unique scent components, leading to a wide array of innovative fragrance offerings.

The market witnesses continuous innovation in fragrance formulation, incorporating new raw materials, natural essences, and synthetic compounds to develop captivating scents. Additionally, advancements in fragrance delivery systems, such as long-lasting formulations, customizable scents, and innovative packaging, cater to evolving consumer demands and preferences.

Globalization and Market Expansion

Globalization has significantly impacted the fragrance market, facilitating the expansion of brands into new geographical regions and emerging markets. The growing middle-class population, particularly in developing countries, presents untapped opportunities for fragrance brands to expand their consumer base.

Moreover, increased urbanization, improved purchasing power, and changing lifestyle patterns in emerging economies contribute to the growth of the fragrance market. Fragrance brands strategically focus on diversifying their product portfolios and adapting marketing strategies to resonate with culturally diverse consumer segments across the globe.

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Key Market Challenges

Regulatory Compliance and Safety Standards

The fragrance industry encounters challenges in navigating complex regulatory frameworks and ensuring compliance with safety standards worldwide. Regulations concerning the use of certain ingredients, allergens, labeling requirements, and testing procedures vary across regions and countries, creating a fragmented regulatory landscape.

Ensuring safety while maintaining product quality and meeting diverse regulatory requirements poses a challenge for fragrance manufacturers and suppliers. Compliance with stringent regulations often necessitates reformulating products, substituting certain ingredients, or conducting extensive safety assessments and testing, adding to production costs and timelines.

Moreover, increasing consumer awareness about potential health concerns related to certain fragrance components, such as allergens or synthetic chemicals, adds pressure on companies to be transparent about their formulations and address safety concerns.

Changing Consumer Preferences and Market Trends

Consumer preferences in the fragrance market are continually evolving, influenced by cultural shifts, changing lifestyles, and emerging market trends. The industry faces the challenge of staying relevant and appealing to diverse consumer demographics with varying tastes and preferences.

Shifts in consumer preferences towards natural, organic, or cruelty-free products impact fragrance sales, prompting brands to adapt their formulations and marketing strategies. Additionally, the rise of niche and artisanal perfumery presents both opportunities and challenges for established fragrance houses, requiring them to innovate and cater to niche markets while retaining their core customer base.

Meeting these challenges entails continuous market research, innovation in product development, and agility in responding to changing consumer demands. Brands must anticipate and adapt to market trends, embrace diversity, and engage consumers through personalized experiences and storytelling to maintain their competitive edge.

Key Market Trends

Personalization and Customization

Personalized fragrances have emerged as a significant trend, offering consumers a unique and bespoke olfactory experience. Brands are leveraging technology, data analytics, and AI-driven platforms to provide personalized scent profiles, allowing customers to create their signature fragrances tailored to their preferences.

Customization extends beyond scent preferences, incorporating factors such as lifestyle, personality, and occasions. Companies are offering fragrance customization services both online and in physical stores, providing consumers with the opportunity to co-create their scents or adjust existing fragrances to suit individual tastes. This trend caters to the desire for exclusivity and individual expression, fostering stronger consumer engagement and brand loyalty.

Digital Transformation and E-commerce

The fragrance industry is witnessing a rapid shift towards digitalization and e-commerce. Online platforms have become a significant sales channel for fragrances, offering convenience, a wider product selection, and personalized shopping experiences. Fragrance brands are investing in sophisticated online retail strategies, leveraging social media, influencer marketing, and augmented reality (AR) tools to enhance the virtual shopping experience.

Virtual fragrance try-on technologies allow consumers to sample scents digitally, facilitating informed purchasing decisions without visiting physical stores. Moreover, fragrance brands are utilizing data analytics and consumer insights to personalize online recommendations and marketing strategies, enhancing customer engagement and retention.

Segmental Insights

Type Insights

Natural fragrances have garnered a substantial share within the Global Fragrance Market, reflecting a growing consumer preference for eco-friendly, sustainable, and botanical-based scent options. This segment's rise aligns with shifting consumer sentiments toward healthier lifestyles, sustainability, and a desire for products aligned with nature.

The increasing awareness and preference for natural ingredients among consumers have propelled the demand for fragrances derived from botanical sources. Conscious consumerism, emphasizing ethical and environmentally friendly products, has influenced fragrance choices, prompting a shift towards natural alternatives.

Natural fragrances, crafted from plant-based extracts and essential oils, resonate with consumers seeking sustainable and organic options. These fragrances offer a compelling narrative of eco-friendliness, free from synthetic chemicals commonly found in conventional perfumes, appealing to environmentally conscious buyers.

Consumers' interest in health and wellness has extended to fragrance preferences. Natural scents, often perceived as non-toxic and hypoallergenic, appeal to individuals seeking products aligned with their well-being, avoiding potential adverse reactions associated with synthetic fragrances.

Consumers increasingly prioritize transparency in product ingredients. Natural fragrances capitalize on this demand by offering clear and comprehensible ingredient lists, fostering trust and meeting the desires of informed consumers seeking authenticity in their purchases.

The natural fragrance segment often includes artisanal and niche brands, offering unique and handcrafted scents that resonate with consumers seeking exclusivity and distinctive olfactory experiences beyond mainstream perfumes.

Stringent regulations and growing concerns about the environmental impact of synthetic fragrances have nudged consumers towards natural alternatives. Brands responding to these concerns by championing sustainable practices and responsible sourcing gain favor among environmentally conscious consumers.

The market witnesses continuous innovation in natural fragrance formulations, expanding beyond traditional floral and herbal scents to encompass a diverse range of olfactory profiles, catering to varied consumer preferences.

Educational campaigns highlighting the benefits of natural fragrances, their sustainable sourcing, and eco-friendly production methods have contributed to their rising popularity. Brands investing in consumer education have effectively conveyed the allure and advantages of natural scent options.

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Regional Insights

North America holds a significant position within the Global Fragrance Market, standing as a key contributor and influencer in the fragrance industry. Several factors underscore the region's noteworthy presence and substantial share in this dynamic and evolving market.

North America's fragrance market benefits from a diverse consumer base with varied preferences for scents and perfumes. The region caters to a wide range of fragrance categories, including perfumes, colognes, body sprays, and niche scents, meeting the diverse tastes of consumers.

North America is at the forefront of fragrance innovation and development. The region hosts numerous renowned perfumers, laboratories, and fragrance houses known for their expertise in creating new scents, leveraging cutting-edge technologies, and incorporating unique ingredients.

The region is home to globally recognized fragrance brands that have established a strong presence not only in North America but also in international markets. Brands like Estée Lauder, Coty, L'Oréal, and others have a significant market share, offering a wide array of fragrances catering to different demographics and preferences.

The influence of celebrities and social media influencers plays a pivotal role in shaping fragrance preferences in North America. Endorsements and collaborations between celebrities and fragrance brands significantly impact consumer perceptions and purchasing decisions.

Fragrance brands in North America are known for their innovative marketing strategies. They leverage various channels, including digital media, immersive experiences, and storytelling, to engage consumers and create emotional connections with their fragrances.

North America leads in embracing e-commerce within the fragrance market. Online retail platforms offer consumers accessibility, convenience, and a wide range of fragrance choices. Digital marketing campaigns and personalized online experiences contribute to the region's market dominance.

The diverse cultural landscape in North America influences fragrance preferences, with scents often linked to different occasions, lifestyles, and regions within the continent. Additionally, seasonal changes impact fragrance choices, with varying preferences for scents during different times of the year.

The region has a robust market for premium and niche fragrances, catering to consumers seeking exclusive, luxury, or artisanal scents. The demand for unique and personalized fragrances contributes significantly to the market's growth and diversity.

Recent Developments

In 2023: Coty Inc., a fragrance industry, has unveiled its eagerly awaited Gucci Eau de Parfum, Where My Heart Beats. This exceptional fragrance stands as a symbol of Gucci's dedication to sustainability, formulated entirely with carbon-captured alcohol, underscoring the brand's pledge to minimize environmental impact. The introduction of this scent adds yet another significant chapter to Gucci's Alchemist's Garden collection, renowned for its extraordinary and distinctive aromas that enrapture the senses.
In 2024: Burberry has inaugurated a new store in Hangzhou, Mainland China. Nestled within the Hubin Yintai In77 shopping mall, adjacent to West Lake. The store showcases the newest Burberry Classics and Summer 2024 assortments envisioned by Chief Creative Officer Daniel Lee. Presenting an array of womenswear, menswear, footwear, and accessories, etc.

Key Market Players

Dolce & Gabbana S.r.l.
Burberry Group plc
PVH Corp.
CHANEL
Coty Inc.
Kering SA
The Estée Lauder Companies Inc.
LVMH Moët Hennessy-Louis Vuitton SE
L'Oréal S.A.
Natura&Co

By Type	By Application	By Sales Channel	By Region
Natural Synthetic	Fine Fragrance Cosmetics & Toiletry Detergent Household & Air Care Tobacco Others	Supermarkets/Hypermarkets Specialty Stores Online Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the global Fragrance market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Fragrance Market, By Type:

o Natural

o Synthetic

Fragrance Market, By Application:

o Fine Fragrance

o Cosmetics & Toiletry

o Detergent

o Household & Air Care

o Tobacco

o Others

Fragrance Market, By Sales Channel:

o Supermarkets/Hypermarkets

o Specialty Stores

o Online

o Others

Fragrance Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

§ Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global fragrance market.

Available Customizations:

Global Fragrance Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Fragrance Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer

4.1. Factors Influencing Purchase Decision

4.2. Challenges Faced Post Purchase

4.3. Brand Awareness

5. Global Fragrance Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Natural, Synthetic)

5.2.2. By Application Market Share Analysis (Fine Fragrance, Cosmetics & Toiletry, Detergent, Household & Air Care, Tobacco and Others)

5.2.3. By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Specialty Stores, Online and Others)

5.2.4. By Regional Market Share Analysis

5.2.4.1. North America Market Share Analysis

5.2.4.2. South America Market Share Analysis

5.2.4.3. Middle East & Africa Market Share Analysis

5.2.4.4. Europe Market Share Analysis

5.2.4.5. Asia-Pacific Market Share Analysis

5.2.5. By Top 5 Companies Market Share Analysis, Others (2023)

5.3. Global Fragrance Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Application Market Mapping & Opportunity Assessment

5.3.3. By Sales Channel Market Mapping & Opportunity Assessment

5.3.4. By Region Market Mapping & Opportunity Assessment

6. North America Fragrance Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis

6.2.2. By Application Market Share Analysis

6.2.3. By Sales Channel Market Share Analysis

6.2.4. By Country Market Share Analysis

6.3. North America: Country Analysis

6.3.1. United States Fragrance Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type Market Share Analysis

6.3.1.2.2. By Application Market Share Analysis

6.3.1.2.3. By Sales Channel Market Share Analysis

6.3.2. Canada Fragrance Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type Market Share Analysis

6.3.2.2.2. By Application Market Share Analysis

6.3.2.2.3. By Sales Channel Market Share Analysis

6.3.3. Mexico Fragrance Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type Market Share Analysis

6.3.3.2.2. By Application Market Share Analysis

6.3.3.2.3. By Sales Channel Market Share Analysis

7. Europe Fragrance Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis

7.2.2. By Application Market Share Analysis

7.2.3. By Sales Channel Market Share Analysis

7.2.4. By Country Market Share Analysis

7.3. Europe: Country Analysis

7.3.1. Germany Fragrance Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type Market Share Analysis

7.3.1.2.2. By Application Market Share Analysis

7.3.1.2.3. By Sales Channel Market Share Analysis

7.3.2. United Kingdom Fragrance Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type Market Share Analysis

7.3.2.2.2. By Application Market Share Analysis

7.3.2.2.3. By Sales Channel Market Share Analysis

7.3.3. Italy Fragrance Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type Market Share Analysis

7.3.3.2.2. By Application Market Share Analysis

7.3.3.2.3. By Sales Channel Market Share Analysis

7.3.4. France Fragrance Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type Market Share Analysis

7.3.4.2.2. By Application Market Share Analysis

7.3.4.2.3. By Sales Channel Market Share Analysis

7.3.5. Spain Fragrance Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type Market Share Analysis

7.3.5.2.2. By Application Market Share Analysis

7.3.5.2.3. By Sales Channel Market Share Analysis

8. Asia-Pacific Fragrance Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type Market Share Analysis

8.2.2. By Application Market Share Analysis

8.2.3. By Sales Channel Market Share Analysis

8.2.4. By Country Market Share Analysis

8.3. Asia-Pacific: Country Analysis

8.3.1. China Fragrance Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type Market Share Analysis

8.3.1.2.2. By Application Market Share Analysis

8.3.1.2.3. By Sales Channel Market Share Analysis

8.3.2. India Fragrance Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type Market Share Analysis

8.3.2.2.2. By Application Market Share Analysis

8.3.2.2.3. By Sales Channel Market Share Analysis

8.3.3. Japan Fragrance Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type Market Share Analysis

8.3.3.2.2. By Application Market Share Analysis

8.3.3.2.3. By Sales Channel Market Share Analysis

8.3.4. South Korea Fragrance Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type Market Share Analysis

8.3.4.2.2. By Application Market Share Analysis

8.3.4.2.3. By Sales Channel Market Share Analysis

8.3.5. Australia Fragrance Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type Market Share Analysis

8.3.5.2.2. By Application Market Share Analysis

8.3.5.2.3. By Sales Channel Market Share Analysis

9. South America Fragrance Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type Market Share Analysis

9.2.2. By Application Market Share Analysis

9.2.3. By Sales Channel Market Share Analysis

9.2.4. By Country Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Fragrance Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type Market Share Analysis

9.3.1.2.2. By Application Market Share Analysis

9.3.1.2.3. By Sales Channel Market Share Analysis

9.3.2. Argentina Fragrance Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type Market Share Analysis

9.3.2.2.2. By Application Market Share Analysis

9.3.2.2.3. By Sales Channel Market Share Analysis

9.3.3. Colombia Fragrance Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type Market Share Analysis

9.3.3.2.2. By Application Market Share Analysis

9.3.3.2.3. By Sales Channel Market Share Analysis

10. Middle East and Africa Fragrance Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Sales Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.3. MEA: Country Analysis

10.3.1. South Africa Fragrance Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type Market Share Analysis

10.3.1.2.2. By Application Market Share Analysis

10.3.1.2.3. By Sales Channel Market Share Analysis

10.3.2. Saudi Arabia Fragrance Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type Market Share Analysis

10.3.2.2.2. By Application Market Share Analysis

10.3.2.2.3. By Sales Channel Market Share Analysis

10.3.3. UAE Fragrance Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type Market Share Analysis

10.3.3.2.2. By Application Market Share Analysis

10.3.3.2.3. By Sales Channel Market Share Analysis

10.3.4. Turkey Fragrance Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Type Market Share Analysis

10.3.4.2.2. By Application Market Share Analysis

10.3.4.2.3. By Sales Channel Market Share Analysis

10.3.5. Egypt Fragrance Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Type Market Share Analysis

10.3.5.2.2. By Application Market Share Analysis

10.3.5.2.3. By Sales Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. SWOT Analysis

13.1. Strength

13.2. Weakness

13.3. Opportunity

13.4. Threat

14. Competitive Landscape

14.1. Company Profiles

14.1.1. Dolce & Gabbana S.r.l.

14.1.1.1. Company Details

14.1.1.2. Products & Services

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Key Market Focus & Geographical Presence

14.1.1.5. Recent Developments

14.1.1.6. Key Management Personnel

14.1.2. Burberry Group plc

14.1.2.1. Company Details

14.1.2.2. Products & Services

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Key Market Focus & Geographical Presence

14.1.2.5. Recent Developments

14.1.2.6. Key Management Personnel

14.1.3. PVH Corp.

14.1.3.1. Company Details

14.1.3.2. Products & Services

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Key Market Focus & Geographical Presence

14.1.3.5. Recent Developments

14.1.3.6. Key Management Personnel

14.1.4. CHANEL

14.1.4.1. Company Details

14.1.4.2. Products & Services

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Key Market Focus & Geographical Presence

14.1.4.5. Recent Developments

14.1.4.6. Key Management Personnel

14.1.5. Coty Inc.

14.1.5.1. Company Details

14.1.5.2. Products & Services

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Key Market Focus & Geographical Presence

14.1.5.5. Recent Developments

14.1.5.6. Key Management Personnel

14.1.6. Kering SA

14.1.6.1. Company Details

14.1.6.2. Products & Services

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Key Market Focus & Geographical Presence

14.1.6.5. Recent Developments

14.1.6.6. Key Management Personnel

14.1.7. The Estée Lauder Companies Inc.

14.1.7.1. Company Details

14.1.7.2. Products & Services

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Key Market Focus & Geographical Presence

14.1.7.5. Recent Developments

14.1.7.6. Key Management Personnel

14.1.8. LVMH Moët Hennessy-Louis Vuitton SE

14.1.8.1. Company Details

14.1.8.2. Products & Services

14.1.8.3. Financials (As Per Availability)

14.1.8.4. Key Market Focus & Geographical Presence

14.1.8.5. Recent Developments

14.1.8.6. Key Management Personnel

14.1.9. L'Oréal S.A.

14.1.9.1. Company Details

14.1.9.2. Products & Services

14.1.9.3. Financials (As Per Availability)

14.1.9.4. Key Market Focus & Geographical Presence

14.1.9.5. Recent Developments

14.1.9.6. Key Management Personnel

14.1.10. Natura&Co

14.1.10.1. Company Details

14.1.10.2. Products & Services

14.1.10.3. Financials (As Per Availability)

14.1.10.4. Key Market Focus & Geographical Presence

14.1.10.5. Recent Developments

14.1.10.6. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.2. Target Type

15.3. Target Sales Channel

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the global fragrance market in 2023?

The market size of the global fragrance market was estimated to be USD 13.20 billion in 2023.

What are the trends in the global fragrance market?

The global fragrance market is witnessing a surge in demand for sustainable and eco-conscious scents, with consumers increasingly seeking natural, clean, and ethically sourced ingredients. Additionally, personalized and experiential fragrances, driven by technology and consumer preferences for unique scents, are becoming prevalent trends in the industry.

What are the challenges in the global fragrance market?

One challenge in the global fragrance market is the rising cost and scarcity of natural ingredients, impacting the formulation and pricing of fragrances. Additionally, increased regulations and consumer demand for sustainable and ethically sourced materials pose challenges for fragrance manufacturers in meeting evolving preferences while maintaining product quality.

What are the major drivers for the global fragrance market?

The major drivers for the global fragrance market include shifting consumer preferences towards personalized scents, increased demand for premium and niche fragrances, and innovative marketing strategies by fragrance brands to engage consumers and create emotional connections with their products.

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Parvati Sharma

Account Manager BD

Talk To Analyst

Press Release

Fragrance Market to Grow with a CAGR of 5.3% through 2029F

Oct, 2024

Global Fragrance Market continues to thrive due to factors such as evolving consumer preferences, innovation in product development, and globalization.