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The global perfume market reached a value of more than USD 33 billion in 2021. The market is further expected to grow at a CAGR of 4% in the forecast period of 2022 and 2027.
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On the basis of product, premium perfumes are expected to dominate the market in the forecast period. This can be attributed to the rising popularity of premium perfumes among youth as they are long-lasting, unique, and comes with innovative fragrances. Further, the usage of perfumes helps enhance personal style and presentability. It also has the ability to impact moods and countenance of people. The market has witnessed steady growth in the historical period owing to the growing demand for luxury scents, which can be attributed to the heightened living standards of people, along with the growing awareness about personal hygiene. The market is further being expanded by the customisation solutions offered by the large brands, which enables a wider clientele base by allowing personalisation. Lauder’s Jo Malone is one such brand which adopted such trend to expand its reach.
Moreover, the increasing expenditure by women on cosmetics and personal well-being has also contributed to the market expansion of perfumes. The increasing participation of women in the workforce is further expected to motivate them to apply premium personal care products to uplift their overall presentability and leave a lasting impression in important meetings and gatherings.
Perfume is defined as a fluid preparation of natural or synthetic essences that is used for fragrance. The application of perfume is an indicator of personal style and preferences, and is mainly used to enhance the overall presentability of an individual. It is usually made from essential oils extracted from flowers or spices and is used to give a pleasant odour to one's body.
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Based on product, the market is bifurcated into:
On the basis of gender, the industry is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for perfume is being driven by the thriving beauty and fashion industry and the increasing awareness among consumers about personal well-being and grooming. The usage of perfumes to improve the natural body odour and keep off the unpleasant body odour is an important factor propelling the market growth of perfumes. The growing inclination of both men and women towards beauty and personal care is further expected to provide an impetus to the market growth. Additionally, the diversification of fragrances and the rising popularity of existing products among youth is further predicted to bolster the market growth in the forecast period. Furthermore, the growing e-commerce sector, along with attractive deals offered by various e-commerce platforms is expected to positively influence the market growth in the years to come.
The report presents a detailed analysis of the following key players in the global perfume market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Gender, Region|
|Breakup by Product||Premium Product, Mass Product|
|Breakup by Gender||Male, Female, Unisex|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Avon Products Inc., Natura Cosméticos SA, Chanel SA, Coty Inc., LVMH, L'Oréal SA, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Perfume Market Analysis
8.1 Key Industry Highlights
8.2 Global Perfume Historical Market (2017-2021)
8.3 Global Perfume Market Forecast (2022-2027)
8.4 Global Perfume Market by Product
8.4.1 Premium Product
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Mass Product
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global Perfume Market by Gender
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.6 Global Perfume Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Avon Products Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 Natura Cosméticos SA
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 Chanel SA
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.4 Coty Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.6 L'Oréal SA
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Perfume Market: Key Industry Highlights, 2016 and 2026
2. Global Perfume Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Perfume Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Perfume Historical Market: Breakup by Gender (USD Billion), 2017-2021
5. Global Perfume Market Forecast: Breakup by Gender (USD Billion), 2022-2027
6. Global Perfume Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Perfume Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Perfume Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Perfume Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Perfume Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Perfume Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Perfume Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Perfume Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Perfume Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Perfume Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Perfume Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Perfume Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Perfume Market Structure
In 2020, the global perfume market attained a value of nearly USD 33 billion.
The market is projected to grow at a CAGR of 4% between 2022 and 2027.
The major drivers of the industry, such as the growing trend towards consumer urbanisation, higher spending incomes, and the increasing importance on personal appearance and grooming in the industry, are expected to aid the industry growth.
The rising preference for customised perfume options is expected to define the market growth in the coming years.
North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific are the other major regions in the industry.
The leading products in the market are premium products and mass products.
The significant gender segments in the industry are male, female, and unisex.
The major players in the industry are Avon Products Inc., Natura Cosmeticos SA, Chanel S.A., Coty Inc., LVMH, and L’Oréal SA, among others.
The global perfume market attained a value of USD 33 billion in 2020, driven by the growing trend towards consumer urbanisation. Aided by the increasing importance on personal appearance and grooming, the industry is projected to further grow in the forecast period of 2022-2027, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of product, the industry is divided into premium products and mass products. Based on gender, the market can be segmented into male, female, and unisex. The major regional markets for perfume are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. The key players in the above industry include Avon Products Inc., Natura Cosmeticos SA, Chanel S.A., Coty Inc., LVMH, and L’Oréal SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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