Perfume and Fragrances Market Driven by Rising Consumers Awareness Regarding Personal Care and Hygiene Radiant Insights Inc

8/27/2018

The global perfume and fragrances market is expected to gain a pos­itive traction in the forecast period. Perfumes and fragrances are produced synthetically and are in the expansion phase owing to use of essential oils and fragrance complexes. In the early stag­es of manufacturing, major compounds were removed from natural products and their structure included processes for isolation or synthesis. With the ad­vances in modern analytical techniques, it becomes possible to isolate and iden­tify fragrance and flavor substances that occur in natural products in small amounts. Commercially, natural com­pounds are obtained from the natural sources by enzymatic or microbial pro­cedures and produced synthetically but chemically identical to natural coun­terparts. On the contrary, artificial fla­vor substances are compounds not yet identified in plants or animal products; whereas aldehydes, ketones, esters, and lactones are compounds that are fre­quently used in natural and artificial fragrances.
 
Perfume and fragrances market is driv­en by factors such as rise in disposable income for personal and beauty care products and rising awareness regard­ing personal hygiene. In addition, the rise in use of online platforms is likely to boost the market growth in the forecast period. However, the availability of fake products and excessive use of chemicals for production of perfumes and fra­grances is likely to hinder the market growth in the forecast period. Perfume and fragrances market is segmented based on type that include Perfume, Co­logne and deodorants. By ingredients, the perfume and fragrances market in­clude synthetic and natural. Synthetic segment accounts for a higher market share due to End-user segmentation for perfume and fragrances market include men, women, and unisex. Based on distribution channel, the perfume and fragrances market includes retail and wholesale. Retail segment accounts for a higher market share owing to rise in franchises and collaborations.
 
Geographical segmentation for perfume and fragrances market include North America, Europe, Asia-Pacific, Middle East and Africa. Middle Eastern regions account for a higher market share due to presence of manufacturers and distrib­utors demonstrating the supply chain operations. North American and Euro­pean markets are anticipated to follow the trend due to consumers' awareness regarding personal care and hygiene. Asia-Pacific's perfume and fragrances market is anticipated to register a high­er growth in the forecast period owing to increase in disposable income and availability of pool of consumer base. The key players in the perfume and fra­grances market include Elizabeth Arden Inc, Loreal, IFF, Shiseido, Estee Lauder, Avon, Royal Beauty Group Co, Vivenza, Reehat Al Atoor, Asghar Ali Co. W.L.L, Arabian Oud, Swiss Arabian Perfume Group, Atyab Al Marshoud, Al Shaya, Ajmal Perfume, and Abdulsamad Al Qurashi.


 

News Articles More

WhatsApp