Europe Fragrances and Perfumes Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)

The Europe fragrances and perfumes market size reached around USD 21.20 Billion in 2024. The market is projected to grow at a CAGR of 3.20% between 2025 and 2034 to reach nearly USD 29.05 Billion by 2034. The market growth can be attributed to the rising popularity of niche perfume brands in France and the growing demand for personalised scents among Gen Z shoppers in the United Kingdom (UK).

Europe Fragrances and Perfumes Market Report Summary

Description

Value

Base Year

USD Billion

2024

Historical Period

USD Billion

2018-2024

Forecast Period

USD Billion

2025-2034

Market Size 2024

USD Billion

21.20

Market Size 2034

USD Billion

29.05

CAGR 2018-2024

Percentage

XX%

CAGR 2025-2034

Percentage

3.20%

CAGR 2025-2034 - Market by Region

France

3.8%

CAGR 2025-2034 - Market by Region

Poland

3.6%

CAGR 2025-2034 - Market by Price Category

Ultra-Premium Brands

4.3%

CAGR 2025-2034 - Market by End User

Unisex

3.9%

2024 Market Share by Region

Russia

17.8%

Europe Fragrances and Perfumes Market Growth

Niche perfumes, created from high-quality, rare, and natural ingredients, in small batch sizes, are becoming extremely popular in France. This can be attributed to rising consumer demand for personalised scents and evolving fashion trends. Niche fragrances (created from bergamot, cedarwood, or rhubarb) account for nearly 10%-12% of the perfume market in France, and their demand is expected to grow steadily while surpassing the demand for mass market perfumes. This is one of the key Europe fragrances and perfumes market trends.

Growing consumer awareness about the benefits of natural and organic products is significantly influencing the market dynamics. Modern buyers are increasingly concerned about the environmental impact and potential health risks associated with synthetic ingredients. As a result, they are opting for fragrances made from plant-based essential oils, natural extracts, and biodegradable materials. This is leading to the Europe fragrances and perfumes market expansion. Moreover, this trend has pushed manufacturers to reformulate products, focusing on eco-friendly ingredients without compromising quality. Brands are also adopting sustainable practices in packaging, such as using recycled or refillable containers. The rising preference for clean, sustainable, and cruelty-free fragrances is a key driver of market growth.

Key Trends and Developments

Rising demand for perfumes from younger consumers; soaring appeal of tech infused scents; emergence of new olfactory trends; and the shift towards personalisation and premiumisation are the key trends favourably shaping the Europe fragrances and perfumes market dynamics.

January 2025

The Estée Lauder Companies Inc. signed an exclusive commercial agreement with Exuud Inc. to integrate a new fragrance delivery system Soliqaire™ into its existing portfolio by end of 2025. It utilises natural, biodegradable polymer blends for controlled absorption and release of fragrances without requiring heat or aerosols, thereby providing a long-lasting and consistent scent experience.

December 2024

The Estée Lauder Companies (ELC) announced plans for inaugurating a new Fragrance Atelier in Rue Volney, Paris, for accelerating product development and commercialisation of its new perfumes. Expected to be opened in 2025, the new innovation hub is expected to serve as a space for co-creation space for ingredient suppliers, fragrance houses, and strategic vendors.

September 2024

The Estée Lauder Companies, in partnership with the Dresden University of Technology, agreed to undertake a multi-year research project to understand the role of fragrances in stimulating human emotions and memories. This can lead to significant breakthroughs in Europe fragrances and perfumes market development by informing innovations relating to product packaging and ingredient usage. It can also heighten consumer impulsivity and increase fragrance sales, thereby leading to the market growth.

February 2024

Hermès International S.A. launched Oudh Alezan, a unique luxury perfumed created from eaglewood (primary ingredient) and infused with rose water and rose oxide for enhancing its properties. The unisex perfume is available in 3 different sizes and is expected to increase Hermes’ revenue significantly.

Rising demand for perfumes from younger consumers

As per the Fragrance Shop, a popular UK-based retail chain store, social media platforms have spearheaded the demand for personalised and unique scents among consumers. As per the Europe fragrances and perfumes market analysis, perfumes’ sales among Gen Z recorded a y-o-y growth of 70% in 2024 due to the increasing preference for developing personal “fragrance wardrobes” for suited for different occasions.

Emerging olfactory trends

Gourmand fragrances like rich coffee, bitter green matcha, coupled with milky notes, are expected to gain market traction. Moreover, scents with notes of vanilla, pistachio, pandan, and nuts are expected to become exceedingly popular among women, thereby leading to the market growth.

Growing trend of personalisation and premiumisation

Premiumisation has emerged as one of the key Europe fragrances and perfumes market trends due to evolving consumer desire for experiencing unique scents at different times. Today, over 60% of French consumers prefer investing in a single high-quality fragrance instead of multiple cheaper alternatives. This indicates exciting opportunities for market players to introduce personalised and engaging fragrances that build consumer loyalty.

Soaring appeal for tech infused scents

Smart diffusers and wearable scent devices are becoming exceedingly popular among consumers, thereby increasing the market value. They ensure a synchronised scent experience for perfume enthusiasts depending upon their mood, environment, and activity level. This helps users streamline the perfume selection process and enjoy a unique fragrance at different times of the day.

Europe Fragrances and Perfumes Market Trends

Emerging olfactory trends

As per the Europe fragrances and perfumes market analysis, floral scents like rose, orange flower, and peony are expected to make a comeback among consumers. Moreover, gourmand scents like vanilla are expected to witness new innovations, as companies launch perfumes infused with pastries, fruits, caramel, and woody scents. Besides, layerable perfumes that encourage consumers to make their own signature scents are expected to sustain the market growth in the coming years.

Growth of e-commerce platforms

The rapid expansion of e-commerce platforms is revolutionising the Europe fragrances and perfumes market outlook. Online retail provides convenience, wider product availability, and personalised shopping experiences through virtual scent selectors and targeted recommendations. Brands are leveraging digital marketing, social media campaigns, and influencer collaborations to reach a broader audience. E-commerce also enables customers to explore niche and premium fragrances, often unavailable in physical stores. The ease of doorstep delivery and exclusive online discounts further drive consumer preference for purchasing perfumes online.

Europe Fragrances and Perfumes Industry Segmentation

The EMR’s report titled “Europe Fragrances and Perfumes Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Type

• Parfum or De Parfum
• Eau De Parfum (EDP)
• Eau De Toilette (EDT)
• Eau De Cologne (EDC)

Breakup by Price Category

• Mass
• Premium Brands
• Ultra-Premium Brands

Breakup by End User

• Men
• Women
• Unisex

Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Stores
• Online
• Others

Breakup by Country

• Russia
• France
• Netherlands
• Poland
• Germany
• Others

Europe Fragrances and Perfumes Market Share

Based on country, the market is segmented into Russia, France, the Netherlands, Poland, and Germany, among others. Russia is projected to dominate the market, representing 17.8% of the overall market share. Over the forecast period of 2025-2034, the market for fragrances and perfumes in France and Poland is expected to grow at a CAGR of 3.8% and 3.6%, respectively, due to the increasing popularity of niche perfumes and rising consumer inclination for luxury shopping.

Based on end user, the market is segmented into unisex, women, and men. Over the forecast period of 2025-2034, the market for unisex perfumes is expected to grow at a CAGR of 3.9% due to their versatility and cost-effectiveness. Moreover, the use of natural ingredients and sustainable production practices by manufacturers are enhancing their appeal among consumers, thereby leading to Europe fragrances and perfumes market growth.

CAGR 2025-2034 - Market by

End User

Unisex

3.9%

Women

XX%

Men

XX%

Leading Companies in the Europe Fragrances and Perfumes Market

Major market players are focusing on eco-friendly formulations, sustainable packaging, and natural ingredients. Companies like L’Oréal and Estée Lauder are also launching premium and customisable fragrances, while leveraging e-commerce and digital marketing. Partnerships with influencers and innovative product development, alongside investments in niche and luxury scent collections, are further driving the Europe fragrances and perfumes market expansion.

The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. was founded in 1946 and is headquartered in New York, United States. It is engaged in manufacturing high-quality fragrance, skin care, and hair care products that are sold in over 150 countries globally.

Coty Inc.

Coty Inc. was founded in 1904 and is headquartered in New York, United States. It specialises in producing fragrances, colour cosmetics, and numerous personal care products.

Kering

Kering was founded in 1962 and is headquartered in Paris, France. It specialises in developing luxurious fashion accessories and ready-to-wear items for men and women.

Revlon Consumer Products LLC

Revlon Consumer Products LLC was founded in 1932 and is headquartered in New York, United States. It is a leading manufacturer of personal care products worldwide and is renowned for brands like Britney Spears, Elizabeth Arden, American Crew, CND, and Almay, among others.

Other players included in the Europe fragrances and perfumes market report are Compagnie Financière Richemont SA (Dunhill), Diptyque Distribution LLC, The Avon Company, CHANEL, Inc., LVMH Moët Hennessy Louis Vuitton, Hermès International S.A., L'Oréal S.A., and PUIG, S.L., among others.