PUBLISHER: TechNavio | PRODUCT CODE: 1502554
PUBLISHER: TechNavio | PRODUCT CODE: 1502554
Technavio has been monitoring the fragrances market and is forecast to grow by USD 16325 mn during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. Our report on the fragrances market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for cosmetic products, increasing demand for detergents, and rising influence of social media and digital marketing strategies.
Technavio's fragrances market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.27% |
CAGR | 5.97% |
Incremental Value | $16325mn |
By Type
By Application
By Geographical Landscape
This study identifies the growing preference for natural ingredients as one of the prime reasons driving the fragrances market growth during the next few years. Also, adoption of advanced technologies and diversified business portfolios by vendors will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the fragrances market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fragrances market vendors that include AirEsscentials Inc., Amway Corp., CavinKare Pvt. Ltd., Chanel Ltd., Coty Inc., Firmenich SA, Giorgio Armani S.p.A., Givaudan SA, Groupe Clarins, Henkel AG and Co. KGaA, Lion Corp., LOreal SA, LVMH Group., Natura and Co Holding SA, Newell Brands Inc., Reckitt Benckiser Group Plc, Revlon Inc., The Estee Lauder Companies Inc., The Procter and Gamble Co., and Unilever PLC. Also, the fragrances market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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