Fragrance and Perfume Market Overview
Some of the most recent trends in the global fragrance and perfume market include custom-made, natural, and eco-friendly perfumes. The global fragrance and perfume market is being driven by a growing population, particularly among the young, a changing lifestyle, and a greater awareness of beauty care products. Consumer spending on personal and cosmetic care products is increasing as the population grows. As a result, the global fragrance and perfume market is quickly expanding.
Providers of fragrances and perfumes are becoming more innovative and offering better products at more reasonable pricing. Over the predicted term, this is expected to boost perfume penetration. The popularity of numerous high-end brands is constantly expanding among consumers. The global fragrance and perfume market is growing due to rising customer spending on luxury goods as a result of rising disposable income. Furthermore, the global fragrance and perfume market is likely to benefit from the increased use of perfumed products in the house in the future.
On the other hand, during the projection period, the use of chemical elements that may have certain adverse effects, as well as fake cosmetics and toiletry products, are likely to hinder the global fragrance and perfume market's expansion.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Product, Distribution Channels, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Coty Inc., Bvlgari, Gucci, Procter & Gamble, Prestige Beauty, L’Oreal International, Firmenich, LVMH, Elizabeth Arden Inc., Perfumania Holdings Inc., Estee Lauder Beautiful, Avon Products Inc., Calvin Klein Inc. |
Covid-19 Impact on Fragrance and Perfume Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Fragrance and Perfume Market Segment Overview
Based on Type, Premium Products is the most prominent segment in the global Fragrance and Perfume Market. This is due to the availability of several brands at affordable costs. According to Distribution Channels, Online is the important segment in the market. To extend their product portfolio, some cosmetic and toiletry companies are establishing collaborations with e-commerce players, and the online retail distribution channel is expected to develop at a high rate during the projected period.
Fragrance and Perfume Market, By Type
· Premium Products
· Mass Products
Fragrance and Perfume Market, By Product
· Perfume
· Deodorant
· Roll-On
· Other
Fragrance and Perfume Market, By Distribution Channels
· Online
· Retail
· Departmental Stores
· Others
Fragrance and Perfume Regional Overview
In terms of geography, the global fragrance and perfume market is classified into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America region is anticipated to dominate the market during the forecast period. This is because of the factors such as the increasing economy and growth in sales of premium products. Furthermore, the market in the Asia Pacific is expected to rise at a considerable rate in the forthcoming years. Factors such as rising disposable income, improvement in the living standard, and increasing customer spending on luxury products are majorly contribute to the growth of the market in this region.
Fragrance and Perfume Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Fragrance and Perfume Market, Key Players
· Coty Inc.
· Bvlgari
· Gucci
· Procter & Gamble
· Prestige Beauty
· L’Oreal International
· Firmenich
· LVMH
· Elizabeth Arden Inc.
· Perfumania Holdings Inc.
· Estee Lauder Beautiful
· Avon Products Inc.
· Calvin Klein Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Fragrance and Perfume market?
The global fragrance and perfume market is being driven by a growing population, particularly among the young, a changing lifestyle, and a greater awareness of beauty care products.
Q2. What are the restraining factors for the global Fragrance and Perfume market?
During the projection period, the use of chemical elements that may have certain adverse effects, as well as fake cosmetics and toiletry products, are likely to hinder the global fragrance and perfume market's expansion.
Q3. Which segment is projected to hold the largest share in the global Fragrance and Perfume market?
Premium Products segment is projected to hold the largest share in the global Fragrance and Perfume market.
Q4. Which region holds the largest share in the global Fragrance and Perfume market?
North America holds the largest share in the global Fragrance and Perfume market.
Q5. Which are the prominent players in the global Fragrance and Perfume market?
Coty Inc., Bvlgari, Gucci, Procter & Gamble, Prestige Beauty, L’Oreal International, Firmenich, LVMH, Elizabeth Arden Inc., Perfumania Holdings Inc., Estee Lauder Beautiful, Avon Products Inc., Calvin Klein Inc. are some key players in the global Fragrance and Perfume market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Fragrance and Perfume Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Premium Products
- 5.2.2. Mass Products
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Perfume
- 5.3.2. Deodorant
- 5.3.3. Roll-On
- 5.3.4. Other
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channels
- 5.4.1. Online
- 5.4.2. Retail
- 5.4.3. Departmental Stores
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Fragrance and Perfume Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Premium Products
- 6.2.2. Mass Products
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Perfume
- 6.3.2. Deodorant
- 6.3.3. Roll-On
- 6.3.4. Other
- 6.4. Market Analysis, Insights and Forecast – By Distribution Channels
- 6.4.1. Online
- 6.4.2. Retail
- 6.4.3. Departmental Stores
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Fragrance and Perfume Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Premium Products
- 7.2.2. Mass Products
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Perfume
- 7.3.2. Deodorant
- 7.3.3. Roll-On
- 7.3.4. Other
- 7.4. Market Analysis, Insights and Forecast – By Distribution Channels
- 7.4.1. Online
- 7.4.2. Retail
- 7.4.3. Departmental Stores
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Fragrance and Perfume Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Premium Products
- 8.2.2. Mass Products
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Perfume
- 8.3.2. Deodorant
- 8.3.3. Roll-On
- 8.3.4. Other
- 8.4. Market Analysis, Insights and Forecast – By Distribution Channels
- 8.4.1. Online
- 8.4.2. Retail
- 8.4.3. Departmental Stores
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Fragrance and Perfume Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Premium Products
- 9.2.2. Mass Products
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Perfume
- 9.3.2. Deodorant
- 9.3.3. Roll-On
- 9.3.4. Other
- 9.4. Market Analysis, Insights and Forecast – By Distribution Channels
- 9.4.1. Online
- 9.4.2. Retail
- 9.4.3. Departmental Stores
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Coty Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Bvlgari
- 10.6. Gucci
- 10.7. Procter & Gamble
- 10.8. Prestige Beauty
- 10.9. L’Oreal International
- 10.10. Firmenich
- 10.11. LVMH
- 10.12. Elizabeth Arden Inc.
- 10.13. Perfumania Holdings Inc.
- 10.14. Estee Lauder Beautiful
- 10.15. Avon Products Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
