The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Fragrances Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Fragrances Industry (2025-2030):
According to the latest report, The Fragrances Market size was valued at around USD 66.59 billion in 2024 and is projected to reach USD 98.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.71% during the forecast period, i.e., 2025-30. The report demonstrates the prominent factors propelling the exponential growth of the Fragrances industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR – 6.71%
- Market Value in 2024: USD 66.59 Billion
- Market Value By 2030: USD 98.32 Billion
What are the major Driver the global Fragrances industry?
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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Fragrances Market Segmentation
The Fragrances Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- 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
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
As per the regional aspect, the Fragrances Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Fragrances Market
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 Industry Recent Development:
2023: Estee Lauder Companies Inc. has unveiled Beautiful Magnolia L'Eau, a fresh fragrance tailored for women. This new addition to their product line aims to diversify their offerings and drive profitability.
2022: L’Oréal S.A. has reintroduced its high-end beauty label Lancôme in India, planning to offer a range of makeup, fragrances, and skincare items under the Lancôme brand across the country.
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