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Uruguay Perfume Market Size, Share, Growth, Forecast: By Gender: Men, Women, Unisex; By Price Range: Mass, Mid-Premium, Premium; By Distribution Channel: Supermarkets and Hypermarkets, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Uruguay Perfume Market Outlook
The Uruguay perfume market attained a value of nearly USD 60.6 million in 2022. The market is assessed to grow at a CAGR of 5.30% between 2023 and 2028 to reach a value of around USD 82.3 million by 2028.
Key Trends in the Market
Perfume refers to a mixture, extract, or preparation that emits a pleasant or distinct fragrance. It is typically manufactured by collecting, extracting, blending, and ageing of natural materials such as flowers, wood, or plants. Perfumes can also be made from synthetic or artificially modified ingredients, like by-products of petroleum.
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- Increasing inclination of the Uruguayan population towards beauty and grooming, fuelled by the wide availability of personal care products on diverse sales channels, including e-commerce platforms, is anticipated to garner the Uruguay market for perfume in the forecast period.
- Growing preference for premium personal care products among the youth, owing to rising disposable incomes and the increasing promotion of luxury products, including perfumes, through social media and celebrity endorsements, is fuelling the Uruguay perfume market growth.
- The growing demand for natural personal care products, the rising trend of health and wellness, and the increasing focus on sustainability are driving the demand for perfumes made from natural ingredients that support general holistic well-being.
Market Analysis
Based on gender, the market is segmented into men, women, and unisex. On the basis of price range, the market is classified into mass, mid-premium, and premium. By distribution channel, the market is divided into supermarkets and hypermarkets, speciality stores, and online, among others.
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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 key players in the Uruguay perfume market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- ANTONIO PUIG SA.
- Dolce & Gabbana S.r.l.
- Chanel Limited
- Calvin Klein, Inc.
- Guccio Gucci S.p.A.
- Victoria’s Secret & Co.
- L’Oréal S.A.
- Christian Dior SE
- Others
Market Share by Gender
Women represent a healthy share of the Uruguay perfume market due to their increasing participation in workforce and the association of fragrances with good hygiene. Perfumes are also known to enhance self-confidence while reducing anxiety, stress, or mood disorders. Moreover, market players such as Prada are increasingly launching innovative perfumes and new fragrances targeted at women.
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Meanwhile, unisex and men perfumes are expected to gain traction in the coming years amid the surging focus on grooming among men and the increasing development of gender-neutral scents.
Market Share by Price Range
Based on price range, the premium segment contributes to a significant revenue share in the Uruguay perfume market. Increasing awareness pertaining to the use of fine and natural ingredients and the long-lasting scent of premium perfumes is driving the segment growth.
Rising disposable income, supported by the growing number of young working professionals, is boosting the sales of premium perfumes in the country. Moreover, according to several research studies, the use of premium perfumes has been linked with high confidence and enhanced self-esteem, which is another crucial driving factor of the market.
Competitive Landscape
ANTONIO PUIG SA. is a leading fashion and fragrance company which manufactures and sells cosmetics, bags, shoes, belts, and perfumes, among others. It was founded in 1914 and is headquartered in Barcelona, Spain.
Dolce & Gabbana S.r.l. is a luxury fashion house founded in 1985 and headquartered in Milan, Italy. The company offers clothing, leather goods, footwear products, fragrances, and related accessories, among others.
Chanel Limited is a luxury fashion company which develops, manufactures, and distributes luxury goods and accessories. It was established in 1925 and is currently headquartered in London, the United Kingdom.
Other market players include Calvin Klein, Inc., Guccio Gucci S.p.A., Victoria’s Secret & Co., L’Oréal S.A., and Christian Dior SE, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Gender |
|
| Breakup by Price Range |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| 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 Uruguay Perfume Market Overview
8.1 Key Industry Highlights
8.2 Uruguay Perfume Historical Market (2018-2022)
8.3 Uruguay Perfume Market Forecast (2023-2028)
9 Uruguay Perfume Market by Gender
9.1 Men
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Women
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Unisex
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
10 Uruguay Perfume Market by Price Range
10.1 Mass
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Mid-Premium
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Premium
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Uruguay Perfume Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Speciality Stores
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Online
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 ANTONIO PUIG SA.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Dolce & Gabbana S.r.l.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Chanel Limited
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Calvin Klein, Inc.,
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Guccio Gucci S.p.A.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Victoria’s Secret & Co.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 L’Oréal S.A.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Christian Dior SE
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Uruguay Perfume Market: Key Industry Highlights, 2018 and 2028
2. Uruguay Perfume Historical Market: Breakup by Gender (USD Million), 2018-2022
3. Uruguay Perfume Market Forecast: Breakup by Gender (USD Million), 2023-2028
4. Uruguay Perfume Historical Market: Breakup by Price Range (USD Million), 2018-2022
5. Uruguay Perfume Market Forecast: Breakup by Price Range (USD Million), 2023-2028
6. Uruguay Perfume Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Uruguay Perfume Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Uruguay Perfume Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 60.6 million in 2022.
The market is estimated to grow at a CAGR of 5.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of around USD 82.3 million by 2028.
The increasing inclination of the Uruguayan population towards beauty and grooming, the wide availability of beauty products and related accessories on different sales channels, increasing promotion of luxury perfumes on social media, and rising disposable income are the major drivers of the market.
The key trends in the market include the booming e-commerce sector and growing launches of innovative fragrances by key players.
Men, women, and unisex are the different segments based on gender in the market.
ANTONIO PUIG SA., Dolce & Gabbana S.r.l., Chanel Limited, Calvin Klein, Inc., Guccio Gucci S.p.A., Victoria’s Secret & Co., L’Oréal S.A., and Christian Dior SE, among others, are the key Uruguay perfume market players, according to the report.
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