(MoneyNewsWire.Net, August 25, 2016 ) Description-
Market outlook of the global perfumes and fragrances market
The global fragrances and perfumes market is expected to grow at a CAGR of around 2% by 2019. The rise in demand from emerging markets, such as APAC, Latin America, and Eastern Europe, and increased online sales of fragrances and perfumes are predicted to bolster the prospects for growth in this market during the forecast period.
Technavios market research analyst has estimated eminent factors, such as the recent rise in e-retail of fragrances and perfumes, to drive market growth during the forecast period. Recently, it has been observed that individuals prefer to shop online as it helps to save time and is more convenient. This trend of online shopping is envisaged to bolster market growth as it helps vendors to augment sales and spread brand awareness.
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Segmentation by product and analysis of the fragrances and perfumes market Premium Mass The premium segment currently dominates the global fragrances and perfumes market and is anticipated to maintain its dominance over the market by the end of 2019. Factors like the rising disposable income of the populace and a rise in the availability of all brands through online channels are examples of some growth-promoting factors in this segment.
Geographical segmentation of the fragrances and perfumes market APAC Europe North America ROW Technavio market research analysts estimate the North American region to dominate the global market for perfumes and fragrances by the end of 2019. Factors like the improving economy, the rise in the sales of premium brands, and the launch of new products in this region are some of the significant factors that spur market growth in this region during the forecast period.
Competitive landscape and key vendors
The global fragrances and perfumes market is highly competitive and consists of multiple vendors and large retail chains. The specialist retailers in this market face serious challenges from the retail giants as they have the ability to offer products at lower prices when compared to specialist retailers.
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Table of Contents
PART 01: Executive summary Highlights PART 02: Scope of the report Top-vendor offerings PART 03: Market research methodology Research methodology Economic indicators PART 04: Introduction Key market highlights PART 05: Market landscape Market overview Types of fragrances Market size and forecast Five forces analysis PART 06: Market segmentation by distribution channel PART 07: Market segmentation by end-users PART 08: Market segmentation by price Global premium fragrances and perfumes market Global mass fragrances and perfumes market PART 09: Geographical segmentation Fragrances and perfumes market in North America Fragrances and perfumes market in APAC Fragrances and perfumes market in Europe Fragrances and perfumes market in ROW PART 10: Key leading countries PART 11: Market drivers
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