Consumer & Retail

According to a market report by Lucintel, the future of the fine fragrance market looks promising with opportunities in the spray perfume, body care, home care, cosmetic, soap and detergent, and incense markets. The global fine fragrance market is expected to reach an estimated $8.3 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are increasing preference for natural flavors and luxury fragrance, rising demand for personal care products, and growing popularity of e-commerce platforms.



In this market, direct sales, e-commerce, specialty stores, convenience stores, departmental stores, and other are the major distribution channel segments. Lucintel forecasts that direct sales will remain the largest distribution channel segment over the forecast period because it provides a more personalized and intimate shopping experience to its customers and also enables them to try and experience the fragrance before making a purchase.



Within this market, the spray perfume segment is expected to remain the largest application market due to its popularity and widespread use among consumer for personal grooming. Moreover, spray perfumes have been an essential part of human culture.



APAC will witness the highest growth due to increasing disposable income, adoption of western culture, and growing demand for natural fragrance in the region.      

Givaudan, Firmenich SA, International Flavors & Fragrances, Symrise, Takasago International Corporation, ADM, Sensient Technologies Corporatiion, Mane SA, Robertet, T. Hasegawa, and Bell Flavors & Fragrances are the major suppliers in the global fine fragrance market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fine fragrance market by ingredient, application, distribution channel, end use, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Fine Fragrance Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fine fragrance market by fine fragrance market by ingredient, application, distribution channel, end use, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global fine fragrance market by ingredient (synthetic and natural) applications (spray, perfumes, body care, home care, cosmetics, soaps and detergents, and incense), distribution channel (direct sales, e-commerce, specialty stores, convenience stores, departmental stores, and others), end use (men, women, and unisex), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?