PUBLISHER: Grand View Research | PRODUCT CODE: 1888906
PUBLISHER: Grand View Research | PRODUCT CODE: 1888906
The global perfume market size was estimated at USD 56.75 billion in 2024 and is projected to reach USD 78.85 billion by 2030, growing at a CAGR of 5.7% from 2025 to 2030. The market growth is attributed to the growing trend of personal grooming and increasing demand for luxury and exotic fragrances.
The changing fashion trends have a primary influence on the global perfume industry. Key manufacturers operating in the industry are focusing on product innovations and launching unique fragrances that attract diverse consumer bases across the globe. In addition, light-scented fragrances are also gaining attraction among the millennial and Gen Z population, encouraging manufacturers to develop such products. The increasing focus of manufacturers on introducing natural fragrances in the premium category, owing to the rising concerns regarding allergies caused by synthetic perfume ingredients, is another significant factor driving the industry growth. Celebrity endorsements and social media influencers greatly influence consumers and significantly affect their buying decisions. Companies are actively opting for and investing in such strategies and technology to attract consumers, augment sales, and widen their reach.
The global perfume industry growth is driven by rising consumer demand for luxury and personalized items, supported by rapid technological advancements. For instance, as per an article published in May 2025, Ramsons Perfumes introduced various perfumes, including Lucas (for daily wear), Delano (blends spicy and woody notes to create an intense, masculine fragrance), One Black (Mysterious and powerful), and One White (refreshing, elegant modern fragrance), using AI technology by analyzing millions of online reviews, social media trends, and market data. Market players increasingly leverage AI to study customer feedback and scent reviews, refining formulations and creating highly personalized, trend-driven fragrances. Alongside such innovations, the global market continues to expand with increasing disposable incomes, growing interest in premium and niche fragrances, and the accelerating influence of e-commerce and digital engagement.
Celebrity endorsements and social media influencers have a growing influence among consumers that affects their buying decisions, which is one of the trending advertisement strategies among key manufacturers. Companies actively opt for and invest in such strategies and technology to attract consumers and widen their reach. For instance, L'Oreal Groupe developed a tool dubbed cockpit, designed to measure the real-time ROI and productivity level of its media investments. This technology enabled better decision-making while formulating performance strategies. These factors have been aiding companies in understanding their product performance and developing products to meet customer needs, thereby contributing to the growth of the global industry.
Global Perfume Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global perfume market report based on product, end use, distribution channel, and region: