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 |
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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
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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
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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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