
Perfume Market Size, Share & Trends Analysis Report By Product (Mass, Premium), By End-user (Men, Women), By Distribution Channel (Offline, Online), By Region (Europe, APAC), And Segment Forecasts, 2023 - 2030
Description
Perfume Market Size, Share & Trends Analysis Report By Product (Mass, Premium), By End-user (Men, Women), By Distribution Channel (Offline, Online), By Region (Europe, APAC), And Segment Forecasts, 2023 - 2030
Perfume Market Growth & Trends
The global perfume market size is estimated to reach USD 80.16 billion in 2030 and is anticipated to expand at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. One of the major factors significantly driving the industry is the rising spending by consumers on exotic and luxury perfumes across the world. Moreover, the rising trend of personal grooming is contributing to the growth of the industry. The growth is also fueled by the increasing trend and demand for perfumes manufactured using natural ingredients. In addition, the increase in the launch of innovative products, as per the customer requirements, by various players operating in the industry will support market growth. However, the harmful effects of perfumes manufactured using synthetic chemicals are expected to restrain the industry's growth.
The premium product segment dominated the industry in 2022 and is estimated to remain dominant throughout the forecast period. The larger share of the segment is attributed to various features of premium perfumes, such as the exclusivity of the product, personalization, and high product quality. Furthermore, the growing adoption of luxury and premium fragrances in developing countries is boosting segment growth. Europe accounted for the largest share of the overall revenue in 2022 and is anticipated to expand further at a significant CAGR over the forecast period. The presence of a large number of leading manufacturers in the region is a key factor contributing to its growth. Moreover, the region is responsible for the high export and production of perfumes, which is boosting market growth.
Perfume Market Report Highlights
Perfume Market Growth & Trends
The global perfume market size is estimated to reach USD 80.16 billion in 2030 and is anticipated to expand at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. One of the major factors significantly driving the industry is the rising spending by consumers on exotic and luxury perfumes across the world. Moreover, the rising trend of personal grooming is contributing to the growth of the industry. The growth is also fueled by the increasing trend and demand for perfumes manufactured using natural ingredients. In addition, the increase in the launch of innovative products, as per the customer requirements, by various players operating in the industry will support market growth. However, the harmful effects of perfumes manufactured using synthetic chemicals are expected to restrain the industry's growth.
The premium product segment dominated the industry in 2022 and is estimated to remain dominant throughout the forecast period. The larger share of the segment is attributed to various features of premium perfumes, such as the exclusivity of the product, personalization, and high product quality. Furthermore, the growing adoption of luxury and premium fragrances in developing countries is boosting segment growth. Europe accounted for the largest share of the overall revenue in 2022 and is anticipated to expand further at a significant CAGR over the forecast period. The presence of a large number of leading manufacturers in the region is a key factor contributing to its growth. Moreover, the region is responsible for the high export and production of perfumes, which is boosting market growth.
Perfume Market Report Highlights
- Asia Pacific is expected to grow at the fastest CAGR over the forecast period. The growing sales of luxury & premium perfume along with the rising disposable income is expected to boost the region’s growth
- The men end-user segment is estimated to grow at a significant CAGR over the forecast period
- This is due to the rising endorsements by male celebrities, which is influencing customers purchasing decisions
- The online distribution channel segment is estimated to register the fastest CAGR over the forecast period due to the growing e-commerce industry in emerging economies
- Major manufacturers are adopting various strategies, such as global expansion, partnerships, acquisitions & mergers, and development & launch of new products, to gain higher shares in the global market
Table of Contents
82 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Distribution Channel Outlook
- 2.4. Regional Outlook
- Chapter 3. Perfume Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Impact of COVID-19
- 3.3. Penetration & Growth Prospect Mapping
- 3.4. Industry Value Chain Analysis
- 3.4.1. Sales/Retail Chain Analysis
- 3.4.2. Profit Margin Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter’s
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.7. Roadmap of Perfume Market
- 3.8. Market Entry Strategies
- Chapter 4. Consumer Behavior Analysis
- 4.1. Demographics Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Observations & Recommendations
- Chapter 5. Perfume Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Mass
- 5.2.1. Market estimates and forecast for mass, 2017 - 2030 (USD Million)
- 5.3. Premium
- 5.3.1. Market estimates and forecast for premium, 2017 - 2030 (USD Million)
- Chapter 6. Perfume Market: End-user Estimates & Trend Analysis
- 6.1. End-User Movement Analysis & Market Share, 2022 & 2030
- 6.2. Men
- 6.2.1. Market estimates and forecast for men, 2017 - 2030 (USD Million)
- 6.3. Women
- 6.3.1. Market estimates and forecast for women, 2017 - 2030 (USD Million)
- 6.4. Unisex
- 6.4.1. Market estimates and forecast for unisex, 2017 - 2030 (USD Million)
- Chapter 7. Perfume Market: Distribution Channel Estimates & Trend Analysis
- 7.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 7.2. Offline
- 7.2.1. Market estimates and forecast through offline, 2017 - 2030 (USD Million)
- 7.3. Online
- 7.3.1. Market estimates and forecast through online, 2017 - 2030 (USD Million)
- Chapter 8. Perfume Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 8.2. North America
- 8.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.2.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.5. U.S.
- 8.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.2.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.6. Canada
- 8.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.2.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.2.7. Mexico
- 8.2.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.2.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.2.7.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.2.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.1.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.1.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.1.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.2. U.K.
- 8.3.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.2.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.2.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.3.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.3.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.4.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.6. Spain
- 8.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.3.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.5. China
- 8.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.6. India
- 8.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.7. Japan
- 8.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.7.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.7.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.8. South Korea
- 8.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.8.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.8.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.9. Singapore
- 8.4.9.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.4.9.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.4.9.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.4.9.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5. Central & South America
- 8.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.5. Brazil
- 8.5.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.5.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.5.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.5.5.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.6. Middle East & Africa
- 8.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.6.4. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 8.6.5. UAE
- 8.6.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
- 8.6.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 8.6.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Million)
- 8.6.5.4. Market estimates and forecast, By distribution channel, 2017 - 2030 (USD Million)
- Chapter 9. Competitive Analysis
- 9.1. Key Players’ Recent Developments & Their Impact
- 9.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 9.3. Vendor Landscape
- 9.3.1. Key Company Market Share Analysis, 2022
- Chapter 10. Company Profiles
- 10.1. The Avon Company
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Strategic Initiatives
- 10.2. CHANEL
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Strategic Initiatives
- 10.3. Coty Inc.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Strategic Initiatives
- 10.4. LVMH Moet Hennessy - Louis Vuitton
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Strategic Initiatives
- 10.5. Estée Lauder Companies
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Strategic Initiatives
- 10.6. Revlon
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Strategic Initiatives
- 10.7. Puig
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Strategic Initiatives
- 10.8. L'Oréal Groupe
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Strategic Initiatives
- 10.9. Shiseido Company, Limited
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Strategic Initiatives
- 10.10. Givaudan
- 10.10.1. Company Overview
- 10.10.2. Financial Performances
- 10.10.3. Product Benchmarking
- 10.10.4. Strategic Initiatives
- 10.11. Hermès
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Strategic Initiatives
- 10.12. KERING
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Strategic Initiatives
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