Healthcare

Market Focus: Trends and Developments in the Fragrances Sector in the UK

  • CAN73173
  • 38 Pages
  • January 2014
  • Healthcare
Synopsis
This report provides a concise overview of the Fragrances market in the UK. After reading this report, you will understand the size of the market, and the economic, demographic, and behavioral trends that will drive its evolution, and the leading players within the market, allowing you to plan effectively for the future.
Scope
Analysis of consumer behavior, economic conditions, and demography reveals emerging opportunities in the Fragrances sector.

Key growth categories are highlighted by analyzing the market dynamics of major Fragrances categories.

Market shares are provided for the leading brands and private label across Fragrances categories.

An overview of packaging trends in the UKs Fragrances sector is provided, including primary packaging material and type, packaging closures, and outer packaging.
Summary
Why was the report written?
This overview of the consumer and market dynamics of the UK Fragrances sector allows new entrants and established players to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.

What is the current market landscape and what is changing?
The UKs aging population and strained economic climate mean marketers of Fragrances need to reassess the priorities of their key consumers; those aged 40-49 years old form the largest group in the country. Growth in the market will be primarily driven by the Female Fragrances category, although Male Fragrances is also expected to take off, driven by higher grooming needs of UK males. Moreover, Premium Fragrances drive the Fragrance market in the UK in spite of rising prices.

What are the key drivers behind recent market changes?
The desire to indulge in Premium Fragrances continues to drive the UKs Fragrances market. Experience seeking, New Gender Behaviors, and the search for Better Value for Money are the other significant consumer trends driving the UK Fragrance market.

What makes this report unique and essential to read?
This report brings together consumer insight and market data to provide a comprehensive brief of the UK Fragrances sector. This allows for the rapid identification of key growth opportunities across major Fragrance categories and their packaging.
ReasonsToBuy
The UK consumer's indulgence-based desire for higher priced Premium Fragrances has significantly driven the UKs Female and Male Fragrance categories.

Packaging plays a significant role in attracting customers and adding to the luxury aspect of Fragrance brands. Glass is the preferred packaging material for Fragrances due to its visual properties and ability to transform into aesthetic designs.

New Gender Behaviors and the search for Better Value for Money products are impacting consumer buying patterns in the UK Fragrance market. Retailers are innovating with private label products to replicate the experience of wearing a premium brand at an affordable price with similar fragrance notes.

Private label penetration in the UKs Fragrance sector is low, but growing fast among consumers searching for Better Value for Money.
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