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9 Forecast Insights for Fragrances Market during 2017-2022
Release Date: 12/7/2017
A recent report by Fact.MR projects the globalfragrances marketto 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.

Request Free Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=66

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.

The number of customers focusing on creating their own signature scent has been surging, which in turn has fuelled the adoption of various fragrance products. A slew of artisan as well as niche brands have entered into the market, with introduction of completely new fragrance and aromatic products. These small industries are concentrating on leveraging perfume blogs, social media platforms, and online sales channels with an aim of gaining brand visibility. Fragrance product manufacturers are shifting their focus towards innovation of effervescent products, and launching new exotic scents. The aforementioned factors will drive market growth for fragrances over the forecast period.

Browse Full Report with TOC- https://www.factmr.com/report/66/fragrances-market
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