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Global Fragrances and Perfumes Market Size, Share, Growth, Forecast: By Product: Mass, Premium; By End User: Men, Women, Unisex; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Fragrances and Perfumes Market Outlook
The global fragrances and perfumes market size reached a value of approximately USD 60.33 billion in 2023. The market is further expected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 93.58 billion by 2032.
Key Trends in the Market
Fragrances are combinations of various organic compounds that produce a defined fruity or flowery odour or smell. Perfume refers to a solution that emits a pleasant smell and is derived from fragrant essential oils obtained from aromatic compounds, spices, and plants.
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- The major trend propelling the market for fragrances and perfumes includes increasing focus of key market players on the development of unique, novel, and exciting fragrances. The increasing adoption of light scented products such as body mists, body oils, body sprays, and cologne is further boosting the utilisation of fragrances and perfumes.
- Rising disposable incomes and growing emphasis on personal care are other factors fuelling the global fragrances and perfumes market growth. Increasing working population is also boosting the demand for fragrances and perfumes around the globe. Perfumes and fragrances are known for instantly elevating confidence as well as for reducing stress and boosting morale.
- To meet the evolving demands and changing purchasing patterns of consumers, the manufacturers are focusing on creating a digitally-enabled, omni-channel presence, driving customer engagement and boosting their sales.
Market Analysis
On the basis of product, the market is bifurcated into mass and premium. Based on end user, the market is segmented into men, women, and unisex. On the basis of distribution channel, the market is classified into offline and online. Based on region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global fragrances and perfumes market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- The Avon Company
- CHANEL, Inc.
- Coty Inc.
- LVMH Moët Hennessy Louis Vuitton
- The Estée Lauder Companies Inc.
- Kering
- Hermès International S.A.
- L'Oréal S.A.
- Revlon Consumer Products LLC
- PUIG, S.L.
- Shiseido Company, Limited
- Others
Market Share by Distribution Channel
Offline distribution channels are anticipated to account for a significant portion in the global fragrances and perfumes market over the forecast period. This is due to the high consumer preference for shopping for fragrances and perfumes through retail stores, among others because of the wide range of options available as well as the facility of assessing product quality. Offline distribution channels also allow consumers to test fragrances and perfumes and identify the odour most suited to them.
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Market Share by Region
The market for fragrances and perfumes is projected to witness significant growth in the Asia Pacific region in the coming years. This growth can be attributed to the rising popularity of travel and mini sized perfumes in the region. These perfumes are easy to carry and require less storage space as compared to their regular sized counterparts. Increasing penetration of e-commerce sector is further anticipated to aid the expansion of the fragrances and perfumes market in the Asia Pacific region.
Competitive Landscape
The Avon Company is a personal care and beauty products manufacturing company that was founded in 1886 and is headquartered in New York, United States. The company specialises in skin care, cosmetics, and fragrances, among others, and has become one of the leading fragrance brands globally, offering high quality, long-lasting scents.
CHANEL, Inc. is a world leader in manufacturing, developing, distributing, and creating luxury products. Chanel is based in London, England and was established in 1910 and is known for a broad range of high-end creations such as skincare and jewellery.
Coty Inc. is a multinational beauty company headquartered in North Holland, Amsterdam. They specialise in manufacturing of cosmetics, fragrances, and skin and body care products.
Other major players in the fragrances and perfumes market include LVMH Moët Hennessy Louis Vuitton, The Estée Lauder Companies Inc., Kering, Hermès International S.A., L'Oréal S.A., Revlon Consumer Products LLC, PUIG, S.L., and Shiseido Company, Limited, among 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:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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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 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fragrances and Perfumes Market Analysis
8.1 Key Industry Highlights
8.2 Global Fragrances and Perfumes Historical Market (2018-2023)
8.3 Global Fragrances and Perfumes Market Forecast (2024-2032)
8.4 Global Fragrances and Perfumes Market by Product
8.4.1 Mass
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Premium
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Fragrances and Perfumes Market by End User
8.5.1 Men
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Women
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Unisex
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Fragrances and Perfumes Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Fragrances and Perfumes Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Fragrances and Perfumes Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fragrances and Perfumes Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fragrances and Perfumes Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fragrances and Perfumes Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fragrances and Perfumes Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
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 Buyer’s Power
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 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Avon Company
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 CHANEL, Inc.
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 Coty Inc.
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 LVMH Moët Hennessy Louis Vuitton
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 Kering
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 Hermès International S.A.
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 L'Oréal S.A.
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 Revlon Consumer Products LLC
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 PUIG, S.L.
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 Shiseido Company, Limited
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fragrances and Perfumes Market: Key Industry Highlights, 2018 and 2032
2. Global Fragrances and Perfumes Historical Market: Breakup by Product (USD MillionBillion), 2018-2023
3. Global Fragrances and Perfumes Market Forecast: Breakup by Product (USD MillionBillion), 2024-2032
4. Global Fragrances and Perfumes Historical Market: Breakup by End User (USD MillionBillion), 2018-2023
5. Global Fragrances and Perfumes Market Forecast: Breakup by End User (USD MillionBillion), 2024-2032
6. Global Fragrances and Perfumes Historical Market: Breakup by Distribution Channel (USD MillionBillion), 2018-2023
7. Global Fragrances and Perfumes Market Forecast: Breakup by Distribution Channel (USD MillionBillion), 2024-2032
8. Global Fragrances and Perfumes Historical Market: Breakup by Region (USD MillionBillion), 2018-2023
9. Global Fragrances and Perfumes Market Forecast: Breakup by Region (USD MillionBillion), 2024-2032
10. North America Fragrances and Perfumes Historical Market: Breakup by Country (USD MillionBillion), 2018-2023
11. North America Fragrances and Perfumes Market Forecast: Breakup by Country (USD MillionBillion), 2024-2032
12. Europe Fragrances and Perfumes Historical Market: Breakup by Country (USD MillionBillion), 2018-2023
13. Europe Fragrances and Perfumes Market Forecast: Breakup by Country (USD MillionBillion), 2024-2032
14. Asia Pacific Fragrances and Perfumes Historical Market: Breakup by Country (USD MillionBillion), 2018-2023
15. Asia Pacific Fragrances and Perfumes Market Forecast: Breakup by Country (USD MillionBillion), 2024-2032
16. Latin America Fragrances and Perfumes Historical Market: Breakup by Country (USD MillionBillion), 2018-2023
17. Latin America Fragrances and Perfumes Market Forecast: Breakup by Country (USD MillionBillion), 2024-2032
18. Middle East and Africa Fragrances and Perfumes Historical Market: Breakup by Country (USD MillionBillion), 2018-2023
19. Middle East and Africa Fragrances and Perfumes Market Forecast: Breakup by Country (USD MillionBillion), 2024-2032
20. Global Fragrances and Perfumes Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 60.33 billion in 2023.
The market is expected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 93.58 billion by 2032.
The major market drivers include rising demand for personal care products, including perfumes and fragrances, due to increasing living standards and the adoption of novel marketing strategies by key players.
The key trends fuelling the growth of the market include growing emphasis on the development of novel and unique odours and rising disposable incomes.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The distribution channels for fragrances and perfumes include offline and online.
The key players in the fragrances and perfumes market are The Avon Company, CHANEL, Inc., Coty Inc., LVMH Moët Hennessy Louis Vuitton, The Estée Lauder Companies Inc., Kering, Hermès International S.A., L'Oréal S.A., Revlon Consumer Products LLC, PUIG, S.L., and Shiseido Company, Limited, among others.
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