
South Korea Perfume Market Report and Forecast 2025-2034
Description
The South Korea perfume market reached USD 456.23 Million in 2024. The market is projected to grow at a CAGR of 6.30% between 2025 and 2034, reaching a value of almost USD 840.46 Million by 2034.
South Korea Perfume Market Growth
Niche fragrances created by exclusive perfumeries have become an exceedingly important fashion statement among the millennials and the Gen Z as they shift towards using unique scents that highlight their individuality and facilitate their self-expression. Inspired by the “small luxuries” trend, these perfumes have become a popular gifting option and a personal treat for consumers. South Korean stores selling French and Italian perfumes are expected to receive high consumer attention, enjoying significant popularity among domestic consumers.
In December 2023, the South Korean government raised the duty-free allowance for perfumes by 40 ml, thereby boosting the prospects for proliferation of exotic scents in the budding perfumes market. Travel retailers can now bring up to 100 ml of perfume bottles in South Korea.
Increasing investments into the discovery of neuroscent materials by major market players is expected to aid the market expansion. This is because neuroscents can lead to strong emotional reactions among consumers while triggering powerful psychological memories, which can contribute to an increase in its demand.
South Korea Perfume Industry Segmentation
South Korea Perfume Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Parfum
Eau De Cologne
Eau De Parfum
Eau De Toilette
Others
Market Breakup by Product:
Premium Product
Mass Product
Market Breakup by End Use:
Men
Women
Market Breakup by Distribution Channel:
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Channels
Others
South Korea Perfume Market Share
Based on product, the market is divided into mass product and premium product. Over the forecast period, premium scents are expected to emerge as an important segment, as the demand for unique perfumes made with refined ingredients rises. As consumers look to pamper themselves with small luxuries, perfumes are expected to receive increasing attention from consumers with rising disposable incomes.
Leading Companies in the South Korea Perfume Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
ELCA Korea Co., Ltd.
Beiersdorf AG
Amorepacific Corporation
Guccio Gucci S.p.A.
Giorgio Armani S.p.A.
Combined Co., Ltd.
NONFICTION Inc.
Elorea
Others
Major market players are expanding their outreach by establishing their retail stores in strategic areas like airports. This is enhancing their visibility to international tourists, thereby contributing to the market growth.
South Korea Perfume Market Growth
Niche fragrances created by exclusive perfumeries have become an exceedingly important fashion statement among the millennials and the Gen Z as they shift towards using unique scents that highlight their individuality and facilitate their self-expression. Inspired by the “small luxuries” trend, these perfumes have become a popular gifting option and a personal treat for consumers. South Korean stores selling French and Italian perfumes are expected to receive high consumer attention, enjoying significant popularity among domestic consumers.
In December 2023, the South Korean government raised the duty-free allowance for perfumes by 40 ml, thereby boosting the prospects for proliferation of exotic scents in the budding perfumes market. Travel retailers can now bring up to 100 ml of perfume bottles in South Korea.
Increasing investments into the discovery of neuroscent materials by major market players is expected to aid the market expansion. This is because neuroscents can lead to strong emotional reactions among consumers while triggering powerful psychological memories, which can contribute to an increase in its demand.
South Korea Perfume Industry Segmentation
South Korea Perfume Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Parfum
Eau De Cologne
Eau De Parfum
Eau De Toilette
Others
Market Breakup by Product:
Premium Product
Mass Product
Market Breakup by End Use:
Men
Women
Market Breakup by Distribution Channel:
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Channels
Others
South Korea Perfume Market Share
Based on product, the market is divided into mass product and premium product. Over the forecast period, premium scents are expected to emerge as an important segment, as the demand for unique perfumes made with refined ingredients rises. As consumers look to pamper themselves with small luxuries, perfumes are expected to receive increasing attention from consumers with rising disposable incomes.
Leading Companies in the South Korea Perfume Market
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
ELCA Korea Co., Ltd.
Beiersdorf AG
Amorepacific Corporation
Guccio Gucci S.p.A.
Giorgio Armani S.p.A.
Combined Co., Ltd.
NONFICTION Inc.
Elorea
Others
Major market players are expanding their outreach by establishing their retail stores in strategic areas like airports. This is enhancing their visibility to international tourists, thereby contributing to the market growth.
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 South Korea Perfume Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Perfume Historical Market (2018-2024)
- 5.3 Asia Pacific Perfume Market Forecast (2025-2034)
- 5.4 Asia Pacific Perfume Market Share by Country
- 5.4.1 China
- 5.4.2 Japan
- 5.4.3 India
- 5.4.4 ASEAN
- 5.4.5 Australia
- 5.4.6 South Korea
- 5.4.7 Others
- 6 South Korea Perfume Market Overview
- 6.1 Key Industry Highlights
- 6.2 South Korea Perfume Historical Market (2018-2024)
- 6.3 South Korea Perfume Market Forecast (2025-2034)
- 7 South Korea Perfume Market by Type
- 7.1 Parfum
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Eau De Cologne
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Eau De Parfum
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Eau De Toilette
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 South Korea Perfume Market by Product
- 8.1 Premium Product
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Mass Product
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 South Korea Perfume Market by End Use
- 9.1 Men
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Women
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 South Korea Perfume Market by Distribution Channel
- 10.1 Hypermarkets/Supermarkets
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Convenience Stores
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Specialty Stores
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Online Channels
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 ELCA Korea Co.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Beiersdorf AG
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Amorepacific Corporation
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Guccio Gucci S.p.A.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Giorgio Armani S.p.A.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Combined Co., Ltd.
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 NONFICTION Inc.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Elorea
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Others
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