A pleasant scent is achieved by using fragrance, which consists of essential oils or aroma compounds, fixatives, and solvents, and is applied to the human body, animals, food, objects, and living spaces. The developing nations are witnessing the growing expenditure on personal hygiene products. Especially China, India, Indonesia, Thailand, and Indonesia are some countries where the rising disposable income is driving the fragrance market. The investments in the sector are increasing as the market shows more growth opportunities for new entrants as well as seasoned players. North America region dominated the market with highest share in 2023. The Asia Pacific is showing strongest growth with a highest CAGR.
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30/09/2024: The Economic Times: On a high note: How the fragrance and flavor industry is helping the FMCG sector become stronger
30/09/2024: Indulge: Kylie Jenner launches her first fragrance in India
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Fragrance Market Segmentation
by Product
Deodorants
Perfumes
by End-user
Men
Women
Unisex
by Distribution Channel
Online
Supermarkets
Hypermarkets
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Fragrance Market Top Leaders:
1. L’Oréal S.A
2. Kering S.A.
3. CHANEL International B.V.
4. Unilever
5. LVMH Group
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Fragrance Diffuser Market was valued at US$ 24.09 Bn. in 2023. Fragrance Diffuser Market size is expected to grow at a CAGR of 3.5% through the forecast period.
Flavors and Fragrances Market size was valued at US$ 32.59 Bn in 2023 and the total revenue is expected to grow at CAGR 4.83% through 2024 to 2030, reaching nearly US$ 45.34 Bn.
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