Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
In-depth Analysis of Fragrance Market Industry Landscape
The preference for skin lightening and color cosmetic products is on the rise, especially in Asian and Middle Eastern countries. This growing trend is driven by the increasing desire for fair complexion, particularly among the youth and women. In places like South East Asia, skincare products hold a significant share in the cosmetics market, with skin lightening products being particularly popular.
The demand for skin lightening products is rapidly increasing, showing a substantial Compound Annual Growth Rate (CAGR) that is expected to positively impact the fragrance market in the forecast period from 2017 to 2023. Fragrance plays a crucial role as one of the key ingredients in skincare products, contributing to their appeal and overall effectiveness.
In the Middle East, there is a significant opportunity for skincare products due to various factors. One such factor is the hijab law prevalent in many Middle Eastern countries, which requires women to cover their entire body in public, except for their faces. As a result, women in these countries tend to focus more on products that enhance the beauty of their faces, including skin whitening and color cosmetics. This emphasis on facial beauty products is expected to contribute to the increased demand for fragrances in the Asia and Middle East markets.
The rising popularity of skin whitening products and color cosmetics is driving the demand for fragrance in these regions. The cultural and societal preferences, along with the aspiration for fairer skin, are key factors influencing the skincare and cosmetic choices of consumers. As a result, the fragrance market is experiencing growth, as fragrances are integral components of skincare and cosmetic products.
In conclusion, the increasing affinity towards skin lightening and color cosmetic products in Asian and Middle Eastern countries is influencing the fragrance market positively. The demand for skincare products, particularly those focusing on skin lightening, is on the rise, driven by cultural preferences and societal norms. Fragrances, being essential ingredients in these products, are witnessing increased demand, contributing to the overall growth of the fragrance market in the forecast period.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Consumer Group, Application and Region |
Fragrance Market Highlights:
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
