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Colombia Perfume Market Size, Share, Growth, Analysis: By Type: Parfum or De Parfum, Eau De Parfum (EDP), Eau De Toilette (EDT), Eau De Cologne (EDC), Others; By Product: Premium Product, Mass Product; By Consumer Group: Men, Female, Unisex; By Distribution Channel; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Colombia Perfume Market Outlook
The Colombia perfume market size was approximately USD 620 million in 2023. The market is assessed to grow at a CAGR of 5.00% between 2024 and 2032, reaching a value of USD 961.82 million by 2032.
Key Takeaways
- Consumers are demanding natural and sustainable ingredients in fragrances due to a rising preference for eco-friendly and ethically sourced products. Brands are incorporating natural botanicals and organic compounds into perfumes to meet this demand.
- Manufacturers are increasingly investing in product marketing, including celebrity endorsements and influencer marketing, to increase their sales.
- The use of technology in fragrance development, such as artificial intelligence, helps curate customised scents, creating improved customer experience to satisfy their demand.
As per the Colombia perfume market analysis, the market is experiencing a significant shift towards premium and luxury fragrances, driven by increasing disposable incomes and improving living standards of consumers. This has led to the emergence of small, customisable perfume brands and artisanal scents, reflecting the evolving tastes and preferences of consumers.
The female segment plays a crucial role in driving demand, with a focus on products tailored for women. Moreover, the rise of unisex and gender-neutral perfumes has blurred traditional boundaries, making the market more inclusive and dynamic. Increased awareness of personal grooming and rising fashion consciousness have also contributed to a rise in luxury perfume sales. Major global brands like Dior, Chanel, and Dolce & Gabbana are expanding their presence in Colombia, capitalising on consumers' willingness to invest in high-end fragrances, leading to the Colombia perfume market expansion.
Furthermore, local perfume companies are also diversifying their product offerings to cater to a wider range of customers. Leading manufacturers are leveraging digital platforms and collaborating with social media influencers and celebrities to reach a broader consumer base. Celebrity endorsements on social media platforms have proven to significantly boost sales, underscoring the importance of influencer marketing.
Market Segmentation
Colombia Perfume Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Parfum or De Parfum
- Eau De Parfum (EDP)
- Eau De Toilette (EDT)
- Eau De Cologne (EDC)
- Others
Market Breakup by Product
- Premium Product
- Mass Product
Market Breakup by Consumer Group
- Men
- Female
- Unisex
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
Competitive Landscape
Market participants are focusing on the production of sustainably sourced perfumes and the integration of cutting-edge technologies within the perfume sector
- PVH Corp.
- LVMH Moet Hennessy Louis Vuitton SE
- CHANEL SA
- Dolce & Gabbana S.r.l.
- The Estée Lauder Companies Inc.
- L'Oréal S.A.
- The Avon Company
- CETCO S.A. (Belcorp)
- Yanbal International
- Natura International Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:Type
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Consumer Group |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Perfume Market Overview
8.1 Key Industry Highlights
8.2 Latin America Perfume Historical Market (2018-2023)
8.3 Latin America Perfume Market Forecast (2024-2032)
8.4 Latin America Perfume Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Perfume Market Overview
9.1 Key Industry Highlights
9.2 Colombia Perfume Historical Market (2018-2023)
9.3 Colombia Perfume Market Forecast (2024-2032)
10 Colombia Perfume Market by Type
10.1 Parfum or De Parfum
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Eau De Parfum (EDP)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Eau De Toilette (EDT)
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Eau De Cologne (EDC)
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Colombia Perfume Market by Product
11.1 Premium Product
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mass Product
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Colombia Perfume Market by Consumer Group
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Female
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Unisex
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Colombia Perfume Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Online
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code: 3303)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 PVH Corp.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LVMH Moet Hennessy Louis Vuitton SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 CHANEL SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dolce & Gabbana S.r.l.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 The Estée Lauder Companies Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 L'Oréal S.A.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 The Avon Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 CETCO S.A. (Belcorp)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Yanbal International
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Natura International Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Perfume Market: Key Industry Highlights, 2018 and 2032
2. Colombia Perfume Market: Key Industry Highlights, 2018 and 2032
3. Colombia Perfume Historical Market: Breakup by Type (USD Million), 2018-2023
4. Colombia Perfume Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Colombia Perfume Historical Market: Breakup by Product (USD Million), 2018-2023
6. Colombia Perfume Market Forecast: Breakup by Product (USD Million), 2024-2032
7. Colombia Perfume Historical Market: Breakup by Consumer Group (USD Million), 2018-2023
8. Colombia Perfume Market Forecast: Breakup by Consumer Group (USD Million), 2024-2032
9. Colombia Perfume Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Colombia Perfume Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Colombia Perfume Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 620 million.
The market is projected to grow at a CAGR of 5.00% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 961.82 million by 2032.
The market growth is being driven by several key factors, including the growing consumer interest in personal hygiene, the shift in marketing strategies, and the rise in e-commerce purchases.
The key trends aiding the market expansion include the rise in popularity of high-end products and the impact of social media marketing.
The major products, according to the market report are premium and mass perfumes.
The major distribution channels in the market are supermarkets and hypermarkets, speciality stores, and online, among others.
The major players in the market are PVH Corp., LVMH Moet Hennessy Louis Vuitton SE, CHANEL SA, Dolce & Gabbana S.r.l., The Estée Lauder Companies Inc., L'Oréal S.A., The Avon Company, CETCO S.A. (Belcorp), Yanbal International, and Natura International Inc., among others.
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