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PERFUMEMARKET
ASIA-PACIFIC, FRANCE, GERMANY, GCC, UK, USA
TABLE OF
CONTENT
01 02 03 04
Asia Pacific France Germany GCC
• Market Overview • Market Overview • Market Overview • Market Overview
• Market Dynamics • Market Dynamics • Market Dynamics • Market Dynamics
and Competition and Competition and Competition and Competition
05 06 07
UK USA Comparative Study
• Market Overview • Market Overview • Market
• Market Dynamics • Market Dynamics Readiness and
and Competition and Competition Potential
Business Plan: AnimStudios Agencies Limited
ASIA PACIFIC Market Overview
Overall Fragrances Market India - the Most Potential Market
• The global Fragrance and Perfumes market is expected to • The Indian fragrance market has grown at a CAGR of 32.2%
grow over the next five years, driven primarily by growth during the last five years and expected to grow at a CAGR of
expected in the underpenetrated emerging markets such as 11.9%duringthenextfiveyears
Asia Pacific. • The rise in personal care, brand awareness, increasing
disposable income, growing demand in middle class people and
• Although Europe, the US and Latin America are considered affordable price range are driving the expansion of the region's
the major fragrance markets, the growth emanating from the fragrancemarket
developing regions including Asia-Pacific and Latin America
is expected to be very strong in the coming years. Rising Demand for Mass Men’s Fragrances
• Fragrances market in Asia-pacific is expected to grow at a • Mass men’s fragrances that includes the celebrity brands are
rising in demandin theAsia-Pacific region.
CAGR of 6.9% during 2014-2019 and represent 23% of the • Total mass men’s fragrances market was $348.8 million in in
global fragrances market by 2019 2014, andexpectedtoreach$443.7 millionby2-17
• India, China, Vietnam and South Kore are some of the rapidly
growingAsia-Pacific market for mass fragrances
Fragrances Market Sales Mass Men’s Fragrances Market ($ million)
4.6 443.7
348.8
3.3
2014 2019
2014 2019
3
Business Plan: AnimStudios Agencies Limited
ASIA PACIFIC Market Dynamics
and Competition
Competition –Fragrances and Celebrity Perfumes Top Players
China: The fragrance market in China is dominated by international brands. The
first was Christian Dior, which was already established long ago in China. This
brandwaslaterjoinedbyChanelandElizabethArden.
✓ Chinese do not like strong odors, brands must have a scent that is light and
unobtrusivetohaveanychanceofsuccess inChina
South Korea: LG Household & Health Care Ltd’s value share declined to 7% in
2015, though the company sustained its leadership in fragrances during the year.
The player has a stronger portfolio in mass fragrances through brands such as The
Face ShopandVonin
India: Bulgari Parfums was the largest player within fragrances in India in 2015,
recording a retail value share of 6%. The top two offerings from the company,
Bvlgari Aqva Pour Homme and Bvlgari Aqva, each recorded a retail value share of
2%in2015,withthecompanytappingintoitsglobalimagetodrivesales.
Vietnam: Coty Inc continued to stand in the leading position, accounting for a 15%
shareofretailvaluesales in 2015.
Key Market Drivers
Celebrities with Perfumes by their names • Rising economies
• Increasing middle class
• The trend of celebrity perfumes started • Amitabh Bachchan • Elizabeth Taylor and rising disposable
long back in India. Zeenat Aman, income
• Shah Rukh Khan • Justin Bieber • Rising mass fragrances
apparently, was the first Indian actor to demand
have a perfume named Zeenatafter her • Arjun Rampal • Jenna Jameson
• The launch of Dhoni's perfume makes • Shilpa Shetty • Kim Kardashian Challenges
the Team India captain the first-ever
Indian sportsman to have his own line of • MS Dhoni • Paris Hilton • Lack of acceptance in
fragrances countries such as China
and Japan
4
Business Plan: AnimStudios Agencies Limited
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