North America Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The North America perfume market size reached US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2027, exhibiting a growth rate (CAGR) of 3.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A perfume is a combination of essential oils and aroma compounds which gives a pleasant smell to an individual’s body. Plants such as sandalwood, rosemary, jasmine, cinnamon and rose are the primary sources of essential oils that provide a distinctive aroma to the perfume. Apart from this, various natural ingredients like flowers, grasses, spices, fruits, woods, roots, resins, balsams, leaves, gums and animal secretions are also used in the perfume production.
The North America perfume market is currently being driven by several factors. The market growth can primarily be attributed to an increase in consumer spending on beauty and personal care items in the region. Moreover, one of the major trends in the region is the growing preference for a variety of fragrances as opposed to a single signature scent. Being witnessed particularly among the younger generation, this trend has encouraged consumer spending on both mass as well as premium products. Moreover, the rising demand for on-the-go, natural and value-added products is also contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America perfume market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on perfume type, category and distribution channel.
Key Regions Analysed
Analysis for Each Country
Market by Perfume Type
Premium Perfume Products
Mass Perfume Products
Market by Category
Market by Distribution Channel
Supermarkets and Hypermarkets
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Key Questions Answered in This Report:
How has the North America perfume market performed so far and how will it perform in the coming years?
What are the key regions in the North America perfume market?
What has been the impact of COVID-19 on the North America perfume market?
What is the breakup of the North America perfume market on the basis of perfume type?
What is the breakup of the North America perfume market on the basis of category?
What is the breakup of the North America perfume market on the basis of distribution channel?
What are the various stages in the value chain of the North America perfume industry?
What are the key driving factors and challenges in the North America perfume industry?
What is the structure of the North America perfume industry and who are the key players?
What is the degree of competition in the North America perfume industry?
What are the profit margins in the North America perfume industry?
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