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Global Perfume Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Perfume Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 49.85 Billion
Diagram Market Size (Forecast Year) USD 68.75 Billion
Diagram CAGR %

Global Perfume Market, By Type (Extrait de Parfum, Eau de Perfume, Eau de Toilette, Eau de Cologne, Eau Fraiche), Product (Mass, Premium), Ingredient (Natural, Synthetic), End-User (Men, Women), Distribution Channel (Offline, Online) - Industry Trends and Forecast to 2030.

Perfume Market Analysis and Size

Major factors driving the growth of the global perfume market are rising awareness regarding skin care routine, innovative product branding and advertising strategies. Increasing developments in sustainable perfume are creating opportunities for the growth of the market. However, growing awareness regarding side effects of synthetic chemicals is acting as a major restraint for the market growth. Increasing movement across consumers for transparency and traceability of ingredients used in products are acting as a major challenge for the growth of the market.

Data Bridge Market Research analyses that the perfume market which was USD  49.85 billion in 2022, would rocket up to USD 68.75 billion by 2030, and is expected to undergo a CAGR of 4.10% during the forecast period. This indicates that the market value. Cosmetic and personal care segment is expected to dominate the market as it provides smoothening properties to the products. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Perfume Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Extrait de Parfum, Eau de Perfume, Eau de Toilette, Eau de Cologne, Eau Fraiche), Product (Mass, Premium), Ingredient (Natural, Synthetic), End-User (Men, Women), Distribution Channel (Offline, Online)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Avon Products (U.K.), Coty Inc. (U.S.), The Avon Company (U.K.), Natura&Co. (Brazil), Chanel (France), LVMH (France), L’Oreal (France), Beiersdorf AG (Germany), Dior (France), Estée Lauder Inc. (U.S.), Giorgio Armani S.p.A (Italy), Elizabeth Arden, Inc. (U.S.), Lacoste (France), Puig (Spain), Unilever (U.K. and Netherlands), Procter & Gamble (U.S.), Raymond Limited (India), DOLCE&GABBANA s.r.l (Italy), REVLON (U.S.), Burberry Group Plc (U.K.), Tommy Hilfiger licensing, LLC (U.S.) among others

Market Opportunities

  • Growing demand for premium and luxury fragrances
  • Rising popularity of natural and organic perfumes

Market Definition.

Perfume are used to enhance the beauty and physical appearance of a personage. Primarily, these cosmetic products are manufactured from artificial sources. The purpose of cosmetic products is mainly intended for external cleaning, perfumes, changing appearances, correct body odor, protect skin, and conditioning among others. Ranging from antiperspirants, fragrances, make-up, and shampoos, to soaps, sunscreens, and toothpastes, perfume and personal care products play an essential role in in all stages of a consumer’s life.

Perfume Market Dynamics

Drivers

  • Increasing Consumer Spending

The increasing consumer spending on luxury fragrances on account of inflating income levels and improving standards of living which further increases its usage amongst various end use industries thus, accelerating the overall growth for the market

  • The Rise in the Trend of Personal Grooming

The rise in the trend of personal grooming acts as a significant driver that will result in the expansion of the market's growth rate. Furthermore, the rapid urbanization along with the increasing population are the factors that will expand the perfume market. The rising consumer preference for the online shopping and the rising investments for the customization of the product expected to fuel the growth of the market.

Opportunity

  • Product Innovations and Research Activities Generate Opportunities.

Furthermore, the product innovations based on customer needs and continuous research and development activities will create new opportunities for the perfume market in the forecast period mentioned above

Restraints and Challenges

  • Availability of Counterfeit Products 

The availability of counterfeit products is projected to create a hurdle for its adoption rate, thus further restricting the market's overall growth

  • Usage of Harmful Chemicals

Moreover, the harmful chemical ingredients are basically included in the manufacturing of the perfume which can hamper the market’s growth. In addition to this, the suspension of several manufacturing and supply activities will hinder the perfume market growth, creating challenges for market in the forecast period mentioned above 

This perfume market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the perfume market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth

Recent Developments

  • In January 2020, Ajmal & Sons, a family-owned perfume company based in the U.A.E., has launched a new perfume line at Shoppers Stop in India. The two companies collaborated to launch the celebrated fragrance brand's new products. Prestige is the name of the company's luxurious and one-of-a-kind collection. It includes Aristocrat Eau De Parfum for Him & Her, a global best-seller
  • In October 2020, Marc Jacobs International and Marc Jacobs Fragrances, a division of Coty Inc., have announced the release of Perfect Marc Jacobs, the brand's latest women's fragrance

Global Perfume Market Scope

The perfume market is segmented on the basis of type, price range, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Extrait de Parfum
  • Eau de Perfume
  • Eau de Toilette
  • Eau de Cologne
  • Eau Fraiche

Ingredient

  • Natural
  • Synthetic

Distribution Channel

  • Offline
  • Online

End-User

  • Men
  •  Women

Perfume Market Regional Analysis/Insights

The perfume market is analysed and market size insights and trends are provided by country, type product, Ingredient, End-User and Distribution channel as referenced above.

The countries covered in global perfume market report are the U.S., Canada, Mexico in North America,  U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Luxembourg, Rest of Europe in Europe, China, Japan, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Rest of South America in South America

Asia-Pacific dominates the perfume market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period due to the increasing young population, growing working population and high disposable income within this region.

On the other hand, North America region is projected to exhibit the highest growth rate during the forecast period due to the increased demand for the premium products and high economic growth within the economies.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

The Rise in the Trend of Personal Grooming

The perfume market also provides you with detailed market analysis for every country growth in expenditure for capital equipment, installed base of different kind of products for perfume market, impact of technology using life line curves and changes in regulatory scenarios and their impact on the perfume market. The data is available for historic period from 2010 to 2020.

Competitive Landscape and Perfume Market Share Analysis

The perfume market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to perfume market.

Some of the major players operating in the perfume market are:

  • Avon Products (U.K.)
  • Coty Inc. (U.S.)
  • The Avon Company (U.K.)
  • Natura&Co. (Brazil)
  • Chanel (France)
  • LVMH (France)
  • L’Oreal (France)
  • Beiersdorf AG (Germany)
  • Dior (France)
  • Estée Lauder Inc. (U.S.)
  • Giorgio Armani S.p.A (Italy)
  • Elizabeth Arden, Inc. (U.S.)
  • Lacoste (France)
  • Puig (Spain)
  • Unilever (U.K. and Netherlands)
  • Procter & Gamble (U.S.)
  • Raymond Limited (India)
  • DOLCE&GABBANA s.r.l (Italy)
  • REVLON (U.S.)
  • Burberry Group Plc (U.K.)
  • Tommy Hilfiger licensing, LLC (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The perfume market size will be worth USD 68.75 billion by 2030.
The growth rate of the perfume market is 4.10% in the forecast period by 2030.
The increasing consumer spending & the rise in the trend of personal grooming are the growth drivers of the perfume market.
Type, price range, application and end-user are the factors on which the perfume market research is based.
Major companies in the perfume market are Avon Products (U.K.), Coty Inc. (U.S.), The Avon Company (U.K.), Natura&Co. (Brazil), Chanel (France), LVMH (France), L’Oreal (France), Beiersdorf AG (Germany), Dior (France), Estée Lauder Inc. (U.S.), Giorgio Armani S.p.A (Italy), Elizabeth Arden, Inc. (U.S.), Lacoste (France), Puig (Spain), Unilever (U.K. and Netherlands), Procter & Gamble (U.S.), Raymond Limited (India), DOLCE&GABBANA s.r.l (Italy), REVLON (U.S.), Burberry Group Plc (U.K.), Tommy Hilfiger licensing, LLC (U.S.) among others.
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