
Global Fragrance Market (by Nature, Type, Application, Distribution Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Description
Global Fragrance Market (by Nature, Type, Application, Distribution Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Market Insight:
Fragrances are chemicals that contain potent organic components that have recognizable, pleasing scents. These are intricate concoctions of both organic and synthetic components that are applied to a range of consumer goods to give them a unique scent. Any pleasant aroma, including those of food, flowers, or perfume, might be considered a fragrance. To improve the user experience, these are incorporated into goods for a number of reasons.
In addition to easing stress and promoting wellbeing, fragrances can sate emotional needs and convey ideas like cleanliness, freshness, and gentleness. They follow clients from the start to the finish of their day and give off a distinct feeling of empowerment and well-being. The rising need for hygiene products, greater awareness of skincare and cosmetic items, and a preference for fitness and health are a few of the main factors driving consumer purchases of perfumes. The fragrance market is expected to grow at a CAGR of 8.73% over the forecast period of 2022-2027.
Segment Covered:
- By Nature: On the basis of nature, the report provides the bifurcation of the fragrance market into two segments: Natural, and Synthetic. The synthetic segment lead the fragrance market, accounting for largest share of the market, owing to the less intensive labor work, surging consumption patterns of consumers, and lower cost of raw materials. The natural fragrance market is expected to grow at the highest CAGR due to the rise in awareness on usage of natural fragrances & low toxicity of these compounds.
- By Type: In terms of type, the global fragrance market is divided into two segments: Premium, and Mass. The premium segment is expected to grow at a significant CAGR owing to the increasing awareness about personal hygiene, people's higher living standards, and growing popularity among young people. The premium fragrance market and mass fragrance market are further bifurcated into three segments based on gender: Men, Female, and Unisex. The female segment held the highest share in both the markets.
- By Application: According to the applications, the report provides the segmentation of the fragrance market into three segments: Personal Care, Household Care, and Others. The personal care segment dominated the market by holding highest share of the market. Increasing consumer awareness for hygiene due to rising chronic diseases and importance of healthcare, rising popularity of beauty & personal care products, improving quality of life, advantageous results of beauty & personal care on self-esteem led to the increase in personal care fragrance market.
- By Distribution Channel: The report provides the bifurcation of the global fragrance market into two segments based on the distribution channel: Online, and Offline. The offline segment dominated the market with maximum share of the global market. The online segment is expected to grow at a significant CAGR during the forecast period, as it saves time for both buyers and retailers while also providing a high level of comfort to consumers, as they don’t have to bear the hassles of traffic or getting ready while shopping online.
According to this report, the global fragrance market can be divided into five regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The countries covered in North America region are the US, Mexico, and Canada, while Europe includes France, UK, Germany, Spain, Italy and Rest of Europe. Moreover, China, India, and Rest of the Asia Pacific are included in the Asia Pacific region.
The Asia Pacific dominated the market, by holding largest share of the global market. The rise in the per capita income of the consumers, the entry of new market players, and innovation in packaging techniques are the key factors driving the Asia Pacific fragrance market. Further, the US is the leading fragrance market within the North America region, because of increasing online vendors, rising adoption of personalised fragrance products, growing Gen-Z consumers, and rising demand for organic fragrance products. In the report, Europe fragrance market & the US fragrance market are further bifurcated based on the nature (Natural, and Synthetic) and the type (Premium, and Mass).
Top Impacting Factors:
Growth Drivers
- Rapid Urbanization
- Accelerating E-Commerce Channels
- Growing Awareness of Skincare & Cosmetic Products
- Increasing Demand for Hygiene Products
- Increased Availability of Counterfeit Products
- High Usage of Chemicals
- Growing Influence & Impact of Social Media
- Increasing Popularity of Aromatherapy
- Increasing Preference for Scented Candles
- Surging Demand for Eco-Friendly Fragrance Products
- Driver: Growing Awareness of Skincare & Cosmetic Products
- Challenge: Increased Availability of Counterfeit Products
- Trend: Increasing Preference for Scented Candles
The COVID-19 Analysis:
In 2020, several industries had shut down production activities in response to the emergence of COVID-19. Various small scale and major companies faced difficulties in conducting their production, operating their business thoroughly, and issues faced with R&D operations owing to the shortage of labor and raw material which hampered market growth. However, as the market condition improved and people's disposable income increased, so did their preference for various types of fragrance items, resulting in the market expansion.
Analysis of Key Players:
The global fragrance market is fragmented, with the presence of large number of small- and medium-sized suppliers in the market. The key players of the global fragrance market are
- Estee Lauder Companies Inc.
- Henkel AG & Co. KGaA
- Coty Inc.
- Firmenich International SA
- Givaudan S.A.
- Avon Products, Inc.
- LVMH
- Unilever PLC
- The Procter & Gamble Company
- L'Oréal S.A.
- Shiseido
- Chanel International B.V.
- Giorgio Armani S.p.A.
- Symrise AG
Table of Contents
182 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1 Fragrance: An Overview
- 2.2 Fragrance Seggmentation: An Overview
- 2.2.1 Fragrance Segmentation
- Table 1: Fragrance Segmentation
- 3. Global Market Analysis
- 3.1 Global Fragrance Market: An Analysis
- 3.1.1 Global Fragrance Market: An Overview
- 3.1.2 Global Fragrance Market by Value
- Table 2: Global Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 3: Global Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.1.3 Global Fragrance Market by Nature (Natural, and Synthetic)
- Table 4: Global Fragrance Market by Nature; 2021 (Percentage, %)
- 3.1.4 Global Fragrance Market by Type (Premium, and Mass)
- Table 5: Global Fragrance Market by Type; 2021 (Percentage, %)
- 3.1.5 Global Fragrance Market by Application (Personal Care, Household Care, and Others)
- Table 6: Global Fragrance Market by Application; 2021 (Percentage, %)
- 3.1.6 Global Fragrance Market by Distribution Channel (Offline, and Online)
- Table 7: Global Fragrance Market by Distribution Channel; 2021 (Percentage, %)
- 3.1.7 Global Fragrance Market by Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa)
- Table 8: Global Fragrance Market by Region; 2021 (Percentage, %)
- 3.2 Global Fragrance Market: Nature Analysis
- 3.2.1 Global Fragrance Market by Nature: An Overview
- 3.2.2 Global Natural Fragrance Market by Value
- Table 9: Global Natural Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 10: Global Natural Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.2.3 Global Synthetic Fragrance Market by Value
- Table 11: Global Synthetic Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 12: Global Synthetic Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.3 Global Fragrance Market: Type Analysis
- 3.3.1 Global Fragrance Market by Type: An Overview
- 3.3.2 Global Premium Fragrance Market by Value
- Table 13: Global Premium Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 14: Global Premium Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.3.3 Global Premium Fragrance Market by Gender (Women, Men, and Unisex)
- Table 15: Global Premium Fragrance Market by Gender; 2021 (Percentage, %)
- 3.3.4 Global Mass Fragrance Market by Value
- Table 16: Global Mass Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 17: Global Mass Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.3.5 Global Mass Fragrance Market by Gender (Women, Men, and Unisex)
- Table 18: Global Mass Fragrance Market by Gender; 2021 (Percentage, %)
- 3.4 Global Fragrance Market: Application Analysis
- 3.4.1 Global Fragrance Market by Application: An Overview
- 3.4.2 Global Personal Care Fragrance Market by Value
- Table 19: Global Personal Care Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 20: Global Personal Care Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.4.3 Global Household Care Fragrance Market by Value
- Table 21: Global Household Care Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 22: Global Household Care Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.4.4 Global Other Fragrance Market by Value
- Table 23: Global Other Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 24: Global Other Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.5 Global Fragrance Market: Distribution Channel Analysis
- 3.5.1 Global Fragrance Market by Distribution Channel: An Overview
- 3.5.2 Global Offline Fragrance Market by Value
- Table 25: Global Offline Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 26: Global Offline Fragrance Market by Value; 2022-2027 (US$ Billion)
- 3.5.3 Global Online Fragrance Market by Value
- Table 27: Global Online Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 28: Global Online Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4. Regional Market Analysis
- 4.1 Asia Pacific Fragrance Market: An Analysis
- 4.1.1 Asia Pacific Fragrance Market: An Overview
- 4.1.2 Asia Pacific Fragrance Market by Value
- Table 29: Asia Pacific Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 30: Asia Pacific Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.1.3 Asia Pacific Fragrance Market by Region (China, India, and Rest of the Asia Pacific)
- Table 31: Asia Pacific Fragrance Market by Region; 2021 (Percentage, %)
- 4.1.4 China Fragrance Market by Value
- Table 32: China Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 33: China Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.1.5 India Fragrance Market by Value
- Table 34: India Fragrance Market by Value; 2017-2021 (US$ Million)
- Table 35: India Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.1.6 Rest of Asia Pacific Fragrance Market by Value
- Table 36: Rest of Asia Pacific Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 37: Rest of Asia Pacific Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2 North America Fragrance Market: An Analysis
- 4.2.1 North America Fragrance Market: An Overview
- 4.2.2 North America Fragrance Market by Value
- Table 38: North America Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 39: North America Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.3 North America Fragrance Market by Region (The US, Canada, and Mexico)
- Table 40: North America Fragrance Market by Region; 2021 (Percentage, %)
- 4.2.4 The US Fragrance Market by Value
- Table 41: The US Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 42: The US Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.5 The US Fragrance Market by Nature (Natural, and Synthetic)
- Table 43: The US Fragrance Market by Nature; 2021 (Percentage, %)
- 4.2.6 The US Natural Fragrance Market by Value
- Table 44: The US Natural Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 45: The US Natural Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.7 The US Synthetic Fragrance Market by Value
- Table 46: The US Synthetic Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 47: The US Synthetic Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.8 The US Fragrance Market by Type (Premium, and Mass)
- Table 48: The US Fragrance Market by Type; 2021 (Percentage, %)
- 4.2.9 The US Premium Fragrance Market by Value
- Table 49: The US Premium Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 50: The US Premium Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.10 The US Mass Fragrance Market by Value
- Table 51: The US Mass Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 52: The US Mass Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.11 Canada Fragrance Market by Value
- Table 53: Canada Fragrance Market by Value; 2017-2021 (US$ Million)
- Table 54: Canada Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.2.12 Mexico Fragrance Market by Value
- Table 55: Mexico Fragrance Market by Value; 2017-2021 (US$ Million)
- Table 56: Mexico Fragrance Market by Value; 2022-2027 (US$ Million)
- 4.3 Europe Fragrance Market: An Analysis
- 4.3.1 Europe Fragrance Market: An Overview
- 4.3.2 Europe Fragrance Market by Value
- Table 57: Europe Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 58: Europe Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.3 Europe Fragrance Market by Nature (Natural, and Synthetic)
- Table 59: Europe Fragrance Market by Nature; 2021 (Percentage, %)
- 4.3.4 Europe Natural Fragrance Market by Value
- Table 60: Europe Natural Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 61: Europe Natural Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.5 Europe Synthetic Fragrance Market by Value
- Table 62: Europe Synthetic Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 63: Europe Synthetic Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.6 Europe Fragrance Market by Type (Premium, and Mass)
- Table 64: Europe Fragrance Market by Type; 2021 (Percentage, %)
- 4.3.7 Europe Premium Fragrance Market by Value
- Table 65: Europe Premium Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 66: Europe Premium Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.8 Europe Mass Fragrance Market by Value
- Table 67: Europe Mass Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 68: Europe Mass Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.9 Europe Fragrance Market by Region (France, UK, Germany, Spain, Italy, and the Rest of Europe)
- Table 69: Europe Fragrance Market by Region; 2021 (Percentage, %)
- 4.3.10 France Fragrance Market by Value
- Table 70: France Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 71: France Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.11 UK Fragrance Market by Value
- Table 72: UK Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 73: UK Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.12 Germany Fragrance Market by Value
- Table 74: Germany Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 75: Germany Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.13 Spain Fragrance Market by Value
- Table 76: Spain Fragrance Market by Value; 2017-2021 (US$ Million)
- Table 77: Spain Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.14 Italy Fragrance Market by Value
- Table 78: Italy Fragrance Market by Value; 2017-2021 (US$ Million)
- Table 79: Italy Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.3.15 Rest Of Europe Fragrance Market by Value
- Table 80: Rest Of Europe Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 81: Rest Of Europe Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.4 Latin America Fragrance Market: An Analysis
- 4.4.1 Latin America Fragrance Market: An Overview
- 4.4.2 Latin America Fragrance Market by Value
- Table 82: Latin America Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 83: Latin America Fragrance Market by Value; 2022-2027 (US$ Billion)
- 4.5 Middle East & Africa Fragrance Market: An Analysis
- 4.5.1 Middle East & Africa Fragrance Market: An Overview
- 4.5.2 Middle East & Africa Fragrance Market by Value
- Table 84: Middle East & Africa Fragrance Market by Value; 2017-2021 (US$ Billion)
- Table 85: Middle East & Africa Fragrance Market by Value; 2022-2027 (US$ Billion)
- 5. Impact of COVID-19
- 5.1 Impact of COVID-19 on Fragrance Market
- 5.2 Post COVID-19 Impact on Fragrance Market
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Rapid Urbanization
- Table 86: Global Urban Population; 2016-2021 (Billion and Percentage, %)
- 6.1.2 Accelerating E-Commerce Channels
- Table 87: Global Retail E-Commerce Sales; 2018-2025 (US$ Trillion)
- 6.1.3 Surging Gen Z and Millennial Population
- Table 88: Global Population by Age Group; 2019-2021 (Million)
- 6.1.4 Growing Awareness of Skincare & Cosmetic Products
- 6.1.5 Inclination towards Fitness and Health
- 6.1.6 Increasing Demand for Hygiene Products
- 6.2 Challenges
- 6.2.1 Increased Availability of Counterfeit Products
- 6.2.2 High Usage of Chemicals
- 6.3 Market Trends
- 6.3.1 Growing Influence & Impact of Social Media
- Table 89: Global Social Media Users; 2019-2027 (Billion)
- 6.3.2 Product Innovation by Manufacturers
- 6.3.3 Increasing Popularity of Aromatherapy
- 6.3.4 Increasing Preference for Scented Candles
- 6.3.5 Surging Demand for Eco-Friendly Fragrance Products
- 6.3.6 Increasing Preference for Customized Fragrance
- 6.3.7 Technological Advancement
- 7. Competitive Landscape
- 7.1 Global Fragrance Players by Market Share
- Table 90: Global Fragrance Players by Market Share; 2021 (Percentage, %)
- 7.2 Global Fragrance Players by Revenue CAGR
- Table 91: Global Fragrance Players by Revenue CAGR; 2021-2024 (Percentage, %)
- 8. Company Profiles
- 8.1 Estee Lauder Companies Inc.
- 8.1.1 Business Overview
- 8.1.2 Net Sales By Product Category
- Table 92: Estee Lauder Companies Inc. Net Sales By Product Category; 2022 (Percentage, %)
- 8.1.3 Business Strategy
- 8.2 The Procter & Gamble Company
- 8.2.1 Business Overview
- 8.2.2 Operating Segments
- Table 93: The Procter & Gamble Company Net Sales by Segment; 2021 (Percentage, %)
- 8.2.3 Business Strategy
- 8.3 Henkel AG & Co. KGaA
- 8.3.1 Business Overview
- 8.3.2 Operating Segments
- Table 94: Henkel AG & Co. KGaA Sales by Segment; 2021 (Percentage, %)
- 8.3.3 Business Strategy
- 8.4 Unilever PLC
- 8.4.1 Business Overview
- 8.4.2 Operating Segments
- Table 95: Unilever PLC Turnover By Operating Segment; 2021 (Percentage, %)
- 8.4.3 Business Strategy
- 8.5 Coty Inc.
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- Table 96: Coty Inc. Net Revenues by Segment; 2022 (Percentage, %)
- 8.5.3 Business Strategy
- 8.6 L'Oréal S.A.
- 8.6.1 Business Overview
- 8.6.2 Operating Segments
- Table 97: L'Oréal S.A. Sales by Business Segments; 2021 (Percentage, %)
- 8.6.3 Business Strategy
- 8.7 Firmenich International SA
- 8.7.1 Business Overview
- 8.7.2 Operating Segments
- Table 98: Firmenich International SA Revenue by Operating Segments; 2022 (Percentage, %)
- 8.7.3 Business Strategy
- 8.8 Givaudan S.A.
- 8.8.1 Business Overview
- 8.8.2 Operating Segments
- Table 99: Givaudan S.A. Sales by Segments; 2021 (Percentage, %)
- 8.8.3 Business Strategy
- 8.9 Avon Products, Inc.
- 8.9.1 Business Overview
- 8.9.2 Operating Segments
- Table 100: Avon Products, Inc. Total Revenue by Segment; 2021 (Percentage, %)
- 8.9.3 Business Strategy
- 8.10 LVMH
- 8.10.1 Business Overview
- 8.10.2 Operating Business Group
- Table 101: LVMH Revenue by Business Group; 2021 (Percentage, %)
- 8.10.3 Business Strategy
- 8.11 Shiseido
- 8.11.1 Business Overview
- 8.11.2 Operating Segments
- Table 102: Shiseido Net Sales by Segment; 2021 (Percentage, %)
- 8.11.3 Business Strategy
- 8.12 Symrise AG
- 8.12.1 Business Overview
- 8.12.2 Operating Segments
- Table 103: Symrise AG Sales by Segments; 2021 (Percentage, %)
- 8.12.3 Business Strategy
- 8.13 Chanel International B.V.
- 8.13.1 Business Overview
- 8.13.2 Operating Regions
- Table 104: Chanel International B.V. Revenue by Regions; 2021 (Percentage, %)
- 8.13.3 Business Strategy
- 8.14 Giorgio Armani S.p.A.
- 8.14.1 Business Overview
- 8.14.2 Business Strategy
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.