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Research Outline
Prepared for Patrick | Delivered April 29, 2020
Perfume Industry Trends
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Goals
Determine the major trends in the U.S. perfume industry.
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Early Findings
Perfume Industry Trends
Based on a market report, the boom in the U.S.' macroeconomic landscape in the last five years has driven shoppers to
buy more perfume
and fragrance goods.
However, the COVID-19 outbreak this year
dampened the perfume sector
as these products are being sold in stores that are classified as non-essential businesses.
In general, the growth in the global perfume industry was due to the
rising trend of personal grooming
and the growing demand for luxurious and unique scents.
The growth of the market can also be attributed to the increasing demand for "
on-the-go, natural, and value-added
" perfume products.
Summary Of Our Early Findings Relevant To The Goals
Our one hour of research provided some of the perfume industry trends that are driving the growth of the market.
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