The Global Fragrance Market thrives due to evolving consumer preferences, product innovation, and globalization.
TechSci Research’s report, “Global Fragrance Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” states that the market was valued at USD 13.20 billion in 2022, with a projected CAGR of 5.3% from 2024 to 2028. This dynamic sector within the beauty and personal care industry offers a wide range of scents, perfumes, colognes, and fragranced products, shaped by changing consumer tastes, cultural influences, and technological advancements. With products catering to diverse demographics and occasions, including perfumes, colognes, and scented cosmetics, the fragrance market sees consistent growth driven by innovation and consumer demand.
Browse over 26 market data Figures spread through 189 Pages and an in-depth TOC on “Global Fragrance Market”
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Consumer preferences shape the fragrance market, varying by culture, region, gender, age, and lifestyle. The industry spans luxury, mass-market, niche, and celebrity-endorsed scents, each targeting specific consumer preferences and price points. Innovation drives perfumery techniques and ingredient sourcing, with global brands like Chanel and Dior leading the market through strategic marketing. Cultural nuances influence fragrance preferences, while sustainability gains traction, with brands adopting eco-friendly practices. The global fragrance market segments by type, application, sales channel, and region. Natural fragrances surge in demand, aligning with consumer preferences for clean, eco-conscious options. North America leads the market with diverse consumer tastes, supported by established brands and retail infrastructure. E-commerce enhances accessibility, amplifying market reach.
Major companies operating in global Fragrance market are:
- Dolce & Gabbana S.r.l.
- Burberry Group PLC
- PVH Corp.
- Chanel SA
- Coty Inc.
- Kering SA
- The Estée Lauder Companies Inc.
- LVMH Moët Hennessy Louis Vuitton
- L’Oréal SA
- Natura Cosmeticos SA
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“The fragrance market sees a surge in online sales, offering consumers variety, convenience, and personalized recommendations. Traditional retail remains vital for visibility and accessibility. The Global Fragrance Market evolves driven by consumer preferences, innovation, and marketing strategies. It caters to diverse tastes, contributing significantly to the beauty industry.” stated Mr. Karan Chechi, Research Director at TechSci Research.
“Fragrance Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Natural, Synthetic), Application (Fine Fragrance, Cosmetics & Toiletry, Detergent, Household & Air Care, Tobacco, and Others), Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), Region, Competition, 2018-2028, evaluates future growth potential and provides market statistics, structure, and insights for decision-makers. The report identifies emerging trends, drivers, challenges, and opportunities in the global fragrance market.”
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