Perfume & Fragrance Manufacturing
Over the five years to 2018, the Perfume and Fragrance Manufacturing industry has slowly expanded, as growth in the macroeconomic climate has enabled more shoppers to splurge on industry goods. As macroeconomic drivers such as disposable income and consumer confidence have trended upward over the five years to 2018, more consumers have splurged on items sold by these retailers, including perfume. Exports consistently make up more than half of industry revenue, and as the US dollar appreciated over the five years to 2018, US-made perfumes became more expensive in overseas markets. Over the five years to 2023, industry revenue is forecast to increase at an annualized rate of 0.7% to $3.5 billion. As the economy continues on its upward trajectory, industry demand is expected to expand tepidly. Furthermore, industry operators are projected to increase their focus on exports over the five years to 2023, particularly among emerging markets.
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.
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