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Growing Popularity of Premium, Niche & Innovative Fragrances and Perfumes to Outline Growth in the Global Fragrances and Perfumes Market


Published: November 2016

REPORT STATISTICS


  • Code: MCP-2533
  • Pages: 495
  • Tables: 133
  • Companies: 329


FRAGRANCES AND PERFUMES: A RESEARCH BRIEF

The global market for Fragrances and Perfumes is projected to reach US$51 billion by 2022 driven by the almost sacrosanct role of perfumes in personal toilette of both men and women; and growing awareness over the therapeutic effect of scents in influencing emotional and psychological well-being. The market also stands to benefit from effervescent product innovation and launch of exotic new scents, aromas and fragrances, growing popularity of niche and artisan brands and trading up of consumers from mass fragrances to prestige brands. With increasing number of consumers preferring to create their own signature scent, there is growing demand for customized and personalized fragrances. The Middle East and Asia-Pacific represent the fastest growing markets with CAGR of 7.3% and 7.1%, respectively. The growth in these markets will be supported by healthy economic growth, rising standards of living, changing lifestyle trends and increased per capita spending on aspirational products, improving access to international brands; large base of young affluent population; and rising number of high net-worth individuals and a parallel increase in sales of luxury and prestige brands. 

    Summary of Findings

  • Rising Importance of Aromatherapy Drives Demand for Organic and Natural Perfumes & Fragrances
  • Innovative Launch of New Perfumes with Skin and Mood Enhancers Spearhead Retail Sales Growth
  • The Rise of the Metrosexual Male with High Propensity to Spend on Appearance and Personality Enhancing Products to Drive Revenue Growth in the Market
  • Custom Tailored Fragrance and Bespoke Perfumery Grow in Popularity Especially Among Women
  • Smaller Companies Leverage Online Sales, Perfume Blogs and Social Media Platforms to Gain Brand Visibility

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India and Rest of Asia-Pacific), The Middle East & Africa, and Latin America (Brazil, Mexico and Rest of Latin America)

    Market Segmentation & Classification

  • Segments:
    • Womenís Fragrances & Perfumes, Menís Fragrances & Perfumes, and Unisex Fragrances

MAJOR PLAYERS

  • Avon Products, Inc.
  • Beaute Prestige International
  • Bulgari Parfums
  • Cartier Perfumes and Colognes
  • Chanel SA
  • Clarins Fragrance Group
  • Cacharel
  • Coty, Inc.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable