Arecent report by Fact.MR projects the global fragrances market to grow at a CAGR of 6.2% during the forecast period 2017 to 2022. The rise in living standards of population across developing economies has driven the consumption of cosmetic as well as aromatic personal care products, which in turn is expected to fuel adoption of fragrance products in these regions.
Altering demand patterns of consumers has led the global market for fragrances to attain significant momentum over the past few years. Majority of the consumers and manufacturers have been shifting their preferences towards natural fragrances, on the back of concerns related to synthetic fragrances’ toxic contents. These synthetic fragrances or perfumes are expected to have negative health effects on users and the environment. Even though natural fragrances are gaining tremendous popularity, their adoption rate is less as compared to synthetic ones owing to their higher costs. However, the demand for natural fragrances is expected to witness a rise on the back of their environment-friendly nature as well as health benefits, for example – they have no side effects on people with sensitive skin.
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Fragrances Market Insights Segmentation
- North America
- East Asia
- South Asia
- Latin America
- Middle East & Africa
- Fragrances for Personal Care
- Fragrances for Household Care
- Fragrances for Other Applications
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Essential Takeaways from the Fragrances Market Insights Report
- Comparison of prominent players operating in the Fragrances Market Insights.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain of the Fragrances Market Insights.
- Growth opportunities for emerging market players in various regional markets.
- Current trends influencing the scenario of the Fragrances Market Insights.
Important queries related to the Fragrances Market Insights addressed in the report:
- Who are the most prominent players in the Fragrances Market Insights?
- What are the factors that are likely to hinder the growth of the Fragrances Market Insights during the forecast period (2021-2031)?
- Why is the concentration of tier-1 companies high in specific region?
- How are the soaring prices of raw materials impacting the demand for keyword?
- Why are market players eyeing opportunities in particular region?
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- Analysis of markets in over 150 countries
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