Perfume & Fragrance Stores
The Perfume and Fragrance Stores industry has grown steadily over the past five years, propelled by growing economic conditions. Despite such strong overall performance, revenue growth has slowed in the later portion of the period due to increasing price competition between operators. Additionally, heightened e-commerce activity has resulted in waning mall foot traffic, putting additional downward pressure on industry revenue. Over the five years to 2023, IBISWorld estimates that industry revenue growth will slow. Although rising incomes will bolster demand for industry goods, a high level of market saturation and decreasing mall foot traffic will keep growth more subdued than during the previous five-year period.
Stores in this industry sell men’s and women’s fragrances, including perfumes and colognes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.