Over the five years to 2016, the Perfume and Fragrance Manufacturing industry has slowly expanded, as growth in the macroeconomic climate has allowed more shoppers to splurge on the discretionary goods manufactured by industry operators. The increase in demand for perfumes and colognes over the five years to 2016, in addition to the industry's low barriers to entry, have caused the number of industry entrants to expand during the five-year period. Over the five years to 2021, industry revenue is forecast to increase. As the economy continues on its upward trajectory, and consumers have more free income to spend on discretionary goods, industry demand is expected to increase.
Companies in this industry manufacture men’s and women’s perfumes and fragrances. Perfume is a mixture of fragrant essential oils and aroma compounds, fixatives and solvents used to give the human body a pleasant scent.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.