PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550759
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550759
Perfume Market, By Product Type, By End-user, By Distribution Channel, By Geography
The global perfume market is estimated to be valued at USD 57.24 billion in 2024 and is expected to reach USD 86.64 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 57.24 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.10% | 2031 Value Projection: | US$ 86.64 Bn |
The global perfume market has been witnessing steady growth over the past few years. Perfume refers to a fragrant liquid or mixture used to impart scent or flavor to the human body, clothes, and household items. It is a mixture of essential oils and aromatic compounds that are used to provide pleasing scent. Rising disposable income, increasing fashion consciousness, growing middle-class population, and evolving lifestyle trends have been driving the demand for perfumes across major countries. Moreover, changing preferences towards natural and organic perfumes owing to rising health and environment concerns have opened new growth opportunities for market players. However, intense competition and availability of counterfeit products remain key challenges.
Market Dynamics:
The global perfume market is driven by several factors such as rising fashion consciousness among consumers, growing middle-class population with higher disposable income, and changing lifestyle trends. Moreover, evolving consumption patterns and increasing preference for natural and organic fragrances are creating new opportunities. However, intense competition among established players and easy availability of counterfeit products are major challenges. Furthermore, fluctuations in raw material prices and currency exchange rates may hamper market growth. Nonetheless, development of omni-channel marketing strategies, expanding into untapped markets, and new product innovation are some of the key strategies adopted by market players to boost sales and gain competitive edge.
Key features of the study:
- This report provides in-depth analysis of the global perfume market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global perfume market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include The Avon Company, CHANEL, Coty Inc., LVMH Moet Hennessy-Louis Vuitton, The Estee Lauder Companies, Revlon, Puig, L'Oreal Groupe, Shiseido Company, Ltd., Givaudan, Hermes, KERING, Hermes Europe GmbH, Ralf Lauren Corp, Gianni Versace S.p.A., Tom Ford, Prada S.p.A, Vanesa Cosmetics, Abhinav Perfumes, and Veera Fragrance
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global perfume market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global perfume market.
Detailed Segmentation-
- By Product Type:
- Mass
- Premium
- By End-user:
- Men
- Women
- By Distribution Channel
- Specialty Stores
- Department Stores
- Online Platforms
- Supermarkets/Hypermarkets
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- The Avon Company
- CHANEL
- Coty Inc.
- LVMH Moet Hennessy-Louis Vuitton
- The Estee Lauder Companies
- Revlon
- Puig
- L'Oreal Groupe
- Shiseido Company, Ltd.
- Givaudan
- Hermes
- KERING
- Hermes Europe GmbH
- Ralf Lauren Corp
- Gianni Versace S.p.A.
- Tom Ford
- Prada S.p.A
- Vanesa Cosmetics
- Abhinav Perfumes
- Veera Fragrance
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Perfume Market, By Product Type
- Global Perfume Market, By End-user
- Global Perfume Market, By Distribution Channel
- Global Perfume Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Perfume Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Perfume Market
- Impact Analysis
5. Global Perfume Market, By Product Type, 2024-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Mass
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Premium
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
6. Global Perfume Market, By End-user, 2024-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Men
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Women
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
7. Global Perfume Market, By Distribution Channel, 2024-2031, (USD)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Department Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Online Platforms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
- Supermarkets/Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD)
8. Global Perfume Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.S.
- Canada
9. Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
10. Competitive Landscape
- Market Share Analysis
- Company Profiles
- The Avon Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CHANEL
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Coty Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- LVMH Moet Hennessy-Louis Vuitton
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- The Estee Lauder Companies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Revlon
- Puig
- L'Oreal Groupe
- Shiseido Company, Ltd.
- Givaudan
- Hermes
- KERING
- Hermes Europe GmbH
- Ralf Lauren Corp
- Gianni Versace S.p.A.
- Tom Ford
- Prada S.p.A
- Vanesa Cosmetics
- Abhinav Perfumes
- Veera Fragrance
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us
- Browse 25 market data tables* and 20 figures* on "Global Perfume Market" - Global forecast to 2031.
