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Perfumes Market: Global Industry Analysis and Opportunity Assessment, 2016–2026

Perfumes Market: Global Industry Analysis and Opportunity Assessment, 2016–2026

Perfumes are a mixture of essential oils and aroma compounds along with water and/or alcohol and are used to enhance body odour. The perfumes industry has experienced significant product innovations over the last few years. The use of natural and renewable ingredients is getting good traction. Apart from traditional perfume packaging methods, perfumes are now available in the form of travel sprays and rollerballs, which is expected to boost the global perfumes market growth over the forecast period. The global perfumes market is estimated to be valued at US$ 39.67 Bn by 2016 end and is expected to register a CAGR of 5.9% over the forecast period (2016–2026).

Increasing demand for perfumes from the millennial population likely to boost market growth

Increasing usage of perfumes among the young population, increasing online retail penetration, product push strategy by key global players, availability of perfumes in different price ranges, and increasing consumer spending on personal and beauty care products are major factors expected to drive the growth of the global perfumes market over the forecast period. However, availability of counterfeit products and use of harmful chemical ingredients are some of the factors expected to hamper the growth of the global perfumes market over the forecast period.

The global perfumes market is witnessing a growing trend of customised perfumes and the use of renewable ingredients in perfume manufacturing. Global perfume manufacturers are also venturing into the production of microbial based natural perfumes to cater to the increasing health awareness among consumers.

Market Segmentation

By Product Type

By Demographics

By Distribution Channel

By Ingredient Type

By Region

Eau de Parfum

Eau de Toilette

Eau de Cologne

Eau Fraiche

Men’s Perfume

Women’s Perfume

Unisex Perfume

Online Retail

Physical Retail

Modern Trade Stores

Departmental Stores

Flagship Stores

Drugstores

Natural

Synthetic


North America

Latin America

Western Europe

Eastern Europe

Asia Pacific Excluding Japan (APEJ)

Japan

Middle East & Africa

Eau Fraiche product type segment expected to witness the highest growth over the forecast period

Eau Fraiche segment revenue is expected to register a significant CAGR over the forecast period, which is mainly attributed to the absence of alcohol content in this type of perfume. The latest trend among key players in the perfume industry is to create Eau Fraiche versions of their popular fragrances. The Eau de Parfum segment is estimated to account for the largest market value share of 52.0% by 2016 end.

Unisex Perfume demographics segment expected to project a higher growth rate over the forecast period

The Unisex Perfume segment is projected to exhibit a CAGR of 6.9% over the forecast period. The rise in the number of product launches of unsex perfumes by major players and increasing sales in the APEJ region is anticipated to drive the market in this segment. The Men’s Perfume segment is expected to account for 34.9% value share by 2016 end and is also expected to register a high CAGR owing to the increasing acceptance of beauty products targeting men.

Online Retail distribution channel segment expected to register a significant CAGR over the forecast period

The Online Retail segment is expected to exhibit a CAGR of 7.0% over the forecast period and is anticipated to be the most attractive segment in terms of CAGR. Global players are entering into partnerships with e-commerce players to capitalise on this highly lucrative sales channel. The Physical Retail segment is estimated to account for the highest market share by 2016 end and will continue to dominate the global perfumes market over the forecast period.

Natural ingredient type segment estimated to project a higher growth rate over the forecast period

The Natural segment is estimated to account for 18.9% value share by 2016 end and is expected to exhibit a CAGR of 7.9% over the forecast period. Growing consumer concerns towards the use of synthetic chemicals in perfumes are forcing perfume manufacturers to shift from synthetic to natural ingredients, which in turn fuels the growth of the Natural segment.

MEA, Latin America, and Eastern Europe perfume markets are projected to expand significantly in terms of value and volume

In terms of value, the Western Europe market accounts for the maximum revenue share of the global perfumes market followed by North America. The Western Europe perfumes market is expected to register a CAGR of 3.2% over the forecast period. The APEJ perfumes market is expected to register a significant CAGR of 10.2% over the forecast period, due to an expansion by top market players in the region.

global perfumes market

Leading market players are adopting digital marketing strategies to reach a wider customer base

Estee Lauder Companies Inc., LVMH, Coty Inc., L’Oreal International, Elizabeth Arden Inc., Shiseido Co. Ltd., Puig, Perfumania Holdings Inc., Avon Products Inc., and Hermes are some of the top companies operating in the global perfumes market. The beauty and personal care products industry has witnessed major modifications over the past decade, making perfumes a future business perspective for entrepreneurs. Major players manufacturing perfumes are strategically investing in expansion in the Middle East & Africa and Latin America regions, where the per capita perfume consumption is high."


1. Perfumes Market – Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Perfumes Market Overview
4.1. Introduction
4.1.1. Perfumes Market Definition
4.1.2. Perfumes Market Taxonomy
4.2. Parent Market Overview
5. Perfumes Market Dynamics
5.1. Drivers
5.2. Restraints
5.3. Opportunities
5.4. Trends
6. Global Perfumes Market Forecast, 2016-2026
6.1. Global Perfumes Market Analysis, By Product Type
6.1.1. Market Share & Basis Point Share(BPS) Analysis, By Product Type
6.1.2. Y-O-Y Growth Comparison, By Product Type
6.1.3. Market Value Forecast, By Product Type
6.1.4. Market Volume Forecast, By Product Type
6.1.5. Absolute $ Opportunity, By Product Type
6.1.6. Market Attractiveness Index, By Product Type
6.2. Global Perfumes Market Analysis, By Demographics
6.2.1. Market Share & Basis Point Share(BPS) Analysis, By Demographics
6.2.2. Y-O-Y Growth Comparison, By Demographics
6.2.3. Market Value Forecast, By Demographics
6.2.4. Market Volume Forecast, By Demographics
6.2.5. Absolute $ Opportunity, By Demographics
6.2.6. Market Attractiveness Index, By Demographics
6.3. Global Perfumes Market Analysis, By Distribution Channel
6.3.1. Market Share & Basis Point Share(BPS) Analysis, By Distribution Channel
6.3.2. Y-O-Y Growth Comparison, By Distribution Channel
6.3.3. Market Value Forecast, By Distribution Channel
6.3.4. Market Volume Forecast, By Distribution Channel
6.3.5. Absolute $ Opportunity, By Distribution Channel
6.3.6. Market Attractiveness Index, By Distribution Channel
6.4. Global Perfumes Market Analysis, By Ingredients
6.4.1. Market Share & Basis Point Share(BPS) Analysis, By Ingredients
6.4.2. Y-O-Y Growth Comparison, By Ingredients
6.4.3. Market Value Forecast, By Ingredients
6.4.4. Market Volume Forecast, By Ingredients
6.4.5. Absolute $ Opportunity, By Ingredients
6.4.6. Market Attractiveness Index, By Ingredients
7. Global Perfumes Market Analysis, By Region
7.1. Introduction
7.1.1. Market share and Basis Point (BPS) Analysis, By Region
7.1.2. Y-O-Y Growth Projections, by Region
7.1.3. Average Pricing Analysis
7.2. Market Value Forecast, By Region
7.3. Market Volume Forecast, By Region
7.4. Regional Attractiveness Analysis
8. North America Perfumes Market Analysis
8.1. North America Market Forecast, By Country
8.1.1. Market Value and Volume Forecast, By Country
8.1.2. Market share and Basis Point (BPS) Analysis, By Country
8.1.3. Y-O-Y Growth Projections, By Country
8.2. North America Market Forecast, By Product Type
8.2.1. North America Market Value Forecast, By Product Type
8.2.2. North America Market Volume Forecast, By Product Type
8.2.3. Absolute $ Opportunity, By Product Type
8.2.3.1. Eau de Parfum
8.2.3.2. Eau de Toilette
8.2.3.3. Eau de Cologne
8.2.3.4. Eau Fraiche
8.3. North America Market Forecast, By Demographics
8.3.1. North America Market Value Forecast, By Demographics
8.3.2. North America Market Volume Forecast, By Demographics
8.3.3. Absolute $ Opportunity, By Demographics
8.3.3.1. Men’s Perfume
8.3.3.2. Women’s Perfume
8.3.3.3. Unisex Perfume
8.4. North America Market Value Forecast, By Distribution Channel
8.4.1. North America Market Value Forecast, By Distribution Channel
8.4.2. North America Market Volume Forecast, By Distribution Channel
8.4.3. Absolute $ Opportunity, By Distribution Channel
8.4.3.1. Online Retail
8.4.3.2. Physical Retail
8.5. North America Market Value Forecast, By Ingredients
8.5.1. North America Market Value Forecast, By Ingredients
8.5.2. North America Market Volume Forecast, By Ingredients
8.5.3. Absolute $ Opportunity, By Ingredients
8.5.3.1. Natural
8.5.3.2. Synthetic
8.6. North America Perfumes Market Attractiveness
8.6.1. By Country
8.6.2. By Product Type
8.6.3. By Demographics
8.6.4. By Distribution Channel
8.6.5. By Ingredients
8.7. Drivers and Restraints Impact Analysis
9. Latin America Perfumes Market Analysis
9.1. Latin America Market Forecast, By Country
9.1.1. Market Value and Volume Forecast, By Country
9.1.2. Market share and Basis Point (BPS) Analysis, By Country
9.1.3. Y-O-Y Growth Projections, By Country
9.2. Latin America Market Forecast, By Product Type
9.2.1. Latin America Market Value Forecast, By Product Type
9.2.2. Latin America Market Volume Forecast, By Product Type
9.2.3. Absolute $ Opportunity, By Product Type
9.2.3.1. Eau de Parfum
9.2.3.2. Eau de Toilette
9.2.3.3. Eau de Cologne
9.2.3.4. Eau Fraiche
9.3. Latin America Market Forecast, By Demographics
9.3.1. Latin America Market Value Forecast, By Demographics
9.3.2. Latin America Market Volume Forecast, By Demographics
9.3.3. Absolute $ Opportunity, By Demographics
9.3.3.1. Men’s Perfume
9.3.3.2. Women’s Perfume
9.3.3.3. Unisex Perfume
9.4. Latin America Market Value Forecast, By Distribution Channel
9.4.1. Latin America Market Value Forecast, By Distribution Channel
9.4.2. Latin America Market Volume Forecast, By Distribution Channel
9.4.3. Absolute $ Opportunity, By Distribution Channel
9.4.3.1. Online Retail
9.4.3.2. Physical Retail
9.5. Latin America Market Value Forecast, By Ingredients
9.5.1. Latin America Market Value Forecast, By Ingredients
9.5.2. Latin America Market Volume Forecast, By Ingredients
9.5.3. Absolute $ Opportunity, By Ingredients
9.5.3.1. Natural
9.5.3.2. Synthetic
9.6. Latin America Perfumes Market Attractiveness
9.6.1. By Country
9.6.2. By Product Type
9.6.3. By Demographics
9.6.4. By Distribution Channel
9.6.5. By Ingredients
9.7. Drivers and Restraints Impact Analysis
10. Western Europe Perfumes Market Analysis
10.1. Western Europe Market Forecast, By Country
10.1.1. Market Value and Volume Forecast, By Country
10.1.2. Market share and Basis Point (BPS) Analysis, By Country
10.1.3. Y-O-Y Growth Projections, By Country
10.2. Western Europe Market Forecast, By Product Type
10.2.1. Western Europe Market Value Forecast, By Product Type
10.2.2. Western Europe Market Volume Forecast, By Product Type
10.2.3. Absolute $ Opportunity, By Product Type
10.2.3.1. Eau de Parfum
10.2.3.2. Eau de Toilette
10.2.3.3. Eau de Cologne
10.2.3.4. Eau Fraiche
10.3. Western Europe Market Forecast, By Demographics
10.3.1. Western Europe Market Value Forecast, By Demographics
10.3.2. Western Europe Market Volume Forecast, By Demographics
10.3.3. Absolute $ Opportunity, By Demographics
10.3.3.1. Men’s Perfume
10.3.3.2. Women’s Perfume
10.3.3.3. Unisex Perfume
10.4. Western Europe Market Value Forecast, By Distribution Channel
10.4.1. Western Europe Market Value Forecast, By Distribution Channel
10.4.2. Western Europe Market Volume Forecast, By Distribution Channel
10.4.3. Absolute $ Opportunity, By Distribution Channel
10.4.3.1. Online Retail
10.4.3.2. Physical Retail
10.5. Western Europe Market Value Forecast, By Ingredients
10.5.1. Western Europe Market Value Forecast, By Ingredients
10.5.2. Western Europe Market Volume Forecast, By Ingredients
10.5.3. Absolute $ Opportunity, By Ingredients
10.5.3.1. Natural
10.5.3.2. Synthetic
10.6. Western Europe Perfumes Market Attractiveness
10.6.1. By Country
10.6.2. By Product Type
10.6.3. By Demographics
10.6.4. By Distribution Channel
10.6.5. By Ingredients
10.7. Drivers and Restraints Impact Analysis

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