Irving, Texas (PRWEB) April 21, 2013
The global fragrance industry observed modest growth through 2007-2012 and is expected to sustain the same growth course during 2013-2018. Market development is impelled by increasing demand in Asia Pacific (APAC) and the Rest of the World (ROW), resulting from the rising population among the aspiring middle classes in various emerging economies. The industry revenue is forecast to reach an estimated $39.3 billion by 2018.
Lucintel, a leading global management consulting and market research firm, has analyzed the industry and offers its findings in its comprehensive research report, “Global Fragrance Industry 2013-2018: Trend, Profit, and Forecast Analysis.”
This report is geographically segmented in four regions: North America, Europe, APAC, and ROW. Europe and APAC represented the largest markets in 2012, while APAC experienced the highest growth during 2007-2012 and is forecast to hold the same lead position over 2013-2018.
Lucintel identifies maintaining good quality, rise in packaging costs, continuous innovations, and fixing competitive price as major growth challenges. Maintaining balance between quality and price is the industry’s biggest challenge. Rising disposable income and consumer spending, population growth, and organized retail expansion are the drivers providing the industry with competitive advantage.
This market report is an indispensable reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market. To make business, investment, and strategic decisions, you need timely, useful information and these market reports fulfill these core needs.
This Lucintel market research report provides excellent understanding of recent industry scope and overview, global macroeconomic overview, relative market attractiveness by region, annual industry trend, emerging trends, industry forecasts, Porter's Five Forces Analysis, product launches, and mergers and acquisitions. Regional and segmental opportunities, competitive landscape, and profitability trend and analysis of the major industry players are included. The key insights sections portray beneficial information on an industry segment's growth and regional growth trends.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, market entry strategy and cost efficiency.
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