Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Perfumes are composed of fragrances or essential oils which are used to provide a pleasant smell. Some of the common natural ingredients utilised in the production of perfumes include spices, woods, flowers, grasses, fruits, resins, leaves, roots, balsams, gums and animal secretions. Perfumes signify a person's style, individuality and personality and a good scent can influence mood, behaviour, perception, emotions and human thoughts. Nowadays, the manufacturing of perfumes has evolved into a mainstream business in the personal care and cosmetics industry. According to the latest report by IMARC Group, titled "Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global perfume market reached a value of US$ 32.8 Billion in 2020.

The global perfume market is gaining traction owing to the rising trend of personal grooming along with the increasing demand for youth-oriented as well as exotic fragrances. Moreover, the product diversification by manufacturers is attracting a larger consumer-base. Apart from this, increasing consumer spending on luxury fragrances on account of inflating income levels and improving standards of living are further boosting the sales of perfumes. Other major factors propelling the demand for perfumes worldwide are rapid urbanisation, increasing population and aggressive advertising by the manufacturers. However, the availability of counterfeit products represents one of the major challenges faced by the market. Looking forward, the global perfume market is expected to exhibit moderate growth during the next five years.

Market Summary:

Based on perfume type, the market has been segmented as premium and mass perfume products. Currently, premium perfume products dominate the market, holding the largest share.

On the basis of category, female fragrances lead the market, accounting for the majority of the market share. They are followed by male and unisex fragrances.

On the basis of distribution channel, the market has been segmented into speciality stores, departmental stores, online stores, hypermarkets & supermarkets and others. Currently, speciality stores dominate the market, holding the largest share.

Region-wise, the market has been segmented into Brazil, the United States, France, Germany and Russia. Amongst these, Brazil represents the largest market, accounting for majority of the global market.

The competitive landscape of the market has also been examined with some of the key players being Avon Products Inc., Natura Cosmeticos SA, Chanel SA, Coty Inc., LVMH and L'Oreal SA.

This report provides a deep insight into the global perfume industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a perfume manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the perfume industry in any manner.

Key Questions Answered in This Report:

• 1. What was the global perfume market size in 2020?
• 2. What will be the perfume market outlook during the forecast period (2021-2026)?
• 3. What are the major global perfume market drivers?
• 4. What are the major trends in the global perfume market?
• 5. What is the impact of COVID-19 on the global perfume market?
• 6. What is the global perfume market breakup by type?
• 7. What is the global perfume market breakup by category?
• 8. What is the global perfume market breakup by distribution channel?
• 9. What are the major regions in the global perfume market?
• 10. Who are the leading perfume industry market players?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Perfume Industry

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Region
• 5.5 Market Breakup by Perfume Type
• 5.6 Market Breakup by Category
• 5.7 Market Breakup by Distribution Channel
• 5.8 Market Forecast
• 5.9 SWOT Analysis
  • 5.9.1 Overview
  • 5.9.2 Strengths
  • 5.9.3 Weaknesses
  • 5.9.4 Opportunities
  • 5.9.5 Threats
• 5.10 Value Chain Analysis
  • 5.10.1 Raw Material Procurement
  • 5.10.2 Manufacturers
  • 5.10.3 Distributors
  • 5.10.4 Exporters
  • 5.10.5 Retailers
  • 5.10.6 End-Consumers
• 5.11 Porter's Five Forces Analysis
  • 5.11.1 Overview
  • 5.11.2 Bargaining Power of Buyers
  • 5.11.3 Bargaining Power of Suppliers
  • 5.11.4 Degree of Rivalry
  • 5.11.5 Threat of New Entrants
  • 5.11.6 Threat of Substitutes
• 5.12 Key Market Drivers and Success Factors

6 Performance of Key Regions

• 6.1 Brazil
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 United States
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Germany
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 France
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Russia
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market by Perfume Type

• 7.1 Premium Perfume Products
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Mass Perfume Products
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market by Category

• 8.1 Female Fragrances
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Male Fragrances
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Unisex Fragrances
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Competitive Landscape

• 9.1 Competitive Structure
• 9.2 Major Players

10 Perfume Manufacturing Process

• 10.1 Product Overview
• 10.2 Detailed Process Flow
• 10.3 Various Types of Unit Operations Involved
• 10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

• 11.1 Land Requirements and Expenditures
• 11.2 Construction Requirements and Expenditures
• 11.3 Plant Machinery
• 11.4 Raw Materials Requirements and Expenditures
• 11.5 Packaging Requirements and Expenditures
• 11.6 Transportation Requirements and Expenditure
• 11.7 Utilities Requirements
• 11.8 Manpower Requirements and Expenditures
• 11.9 Other Capital Investments

12 Perfume Manufacturing Plant: Loans and Financial Assistance

13 Perfume Manufacturing Plant: Project Economics

• 13.1 Capital Cost of the Project
• 13.2 Techno-Economic Parameters
• 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
• 13.4 Taxation
• 13.5 Depreciation
• 13.6 Income Projections
• 13.7 Expenditure Projections
• 13.8 Financial Analysis
• 13.9 Profit Analysis

14 Key Player Profiles

• 14.1 Avon Products Inc.
• 14.2 Natura Cosmeticos SA
• 14.3 Chanel SA
• 14.4 Coty Inc.
• 14.5 LVMH
• 14.6 L'Oreal SA 

List of Figures

• Figure 1: Global Perfume Market: Major Drivers and Challenges
• Figure 2: Global: Perfume Market: Sales Value (in Billion US$), 2015-2020
• Figure 3: Global: Perfume Production: Breakup by Country (in %), 2020
• Figure 4: Global: Perfume Market: Breakup by Perfume Type (in %), 2020
• Figure 5: Global: Perfume Market: Breakup by Category (in %), 2020
• Figure 6: Global: Perfume Market: Breakup by Distribution Channel (in %), 2020
• Figure 7: Global: Perfume Market Forecast: Sales Value (in Billion US$), 2021-2026
• Figure 8: Global: Perfume Industry: SWOT Analysis
• Figure 9: Global: Perfume Industry: Value Chain Analysis
• Figure 10: Global: Perfume Industry: Porter's Five Forces Analysis
• Figure 11: Brazil: Perfume Market (in Billion US$), 2015 & 2020
• Figure 12: Brazil: Perfume Market Forecast (in Billion US$), 2021-2026
• Figure 13: United States: Perfume Market (in Billion US$), 2015 & 2020
• Figure 14: United States: Perfume Market Forecast (in Billion US$), 2021-2026
• Figure 15: Germany: Perfume Market (in Billion US$), 2015 & 2020
• Figure 16: Germany: Perfume Market Forecast (in Billion US$), 2021-2026
• Figure 17: France: Perfume Market (in Billion US$), 2015 & 2020
• Figure 18: France: Perfume Market Forecast (in Billion US$), 2021-2026
• Figure 19: Russia: Perfume Market (in Billion US$), 2015 & 2020
• Figure 20: Russia: Perfume Market Forecast (in Billion US$), 2021-2026
• Figure 21: Global: Perfume (Premium Products) Market (in Billion US$), 2015 & 2020
• Figure 22: Global: Perfume (Premium Products) Market Forecast (in Billion US$), 2021-2026
• Figure 23: Global: Perfume (Mass Products) Market (in Billion US$), 2015 & 2020
• Figure 24: Global: Perfume (Mass Products) Market Forecast (in Billion US$), 2021-2026
• Figure 25: Global: Perfume (Female Fragrances) Market (in Billion US$), 2015 & 2020
• Figure 26: Global: Perfume (Female Fragrances) Market Forecast (in Billion US$), 2021-2026
• Figure 27: Global: Perfume (Male Fragrances) Market (in Billion US$), 2015 & 2020
• Figure 28: Global: Perfume (Male Fragrances) Market Forecast (in Billion US$), 2021-2026
• Figure 29: Global: Perfume (Unisex Fragrances) Market (in Billion US$), 2015 & 2020
• Figure 30: Global: Perfume (Unisex Fragrances) Market Forecast (in Billion US$), 2021-2026
• Figure 31: Perfume Manufacturing: Detailed Process Flow
• Figure 32: Perfume Manufacturing Process: Conversion Rates of Feedstocks
• Figure 33: Perfume Manufacturing Plant: Breakup of Capital Costs (in %)
• Figure 34: Perfume Industry: Profit Margins at Various Levels of the Supply Chain
• Figure 35: Perfume Manufacturing Plant: Breakup of Production Costs (in %)

List of Tables

• Table 1: Global Perfume Market: Key Industry Highlights, 2020 and 2026
• Table 2: Global: Perfume Market Forecast: Breakup by Region (in Billion US$), 2021-2026
• Table 3: Global: Perfume Market Forecast: Breakup by Perfume Type (in Billion US$), 2021-2026
• Table 4: Global: Perfume Market Forecast: Breakup by Category (in Billion US$), 2021-2026
• Table 5: Global: Perfume Market Forecast: Breakup by Distribution Channel (in Billion US$), 2021-2026
• Table 6: Global: Perfume Market: Competitive Structure
• Table 7: Global: Perfume Market: Major Players
• Table 8: Perfume Manufacturing Plant: Costs Related to Land and Site Development (in US$)
• Table 9: Perfume Manufacturing Plant: Costs Related to Civil Works (in US$)
• Table 10: Perfume Manufacturing Plant: Machinery Costs (in US$)
• Table 11: Perfume Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
• Table 12: Perfume Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
• Table 13: Perfume Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
• Table 14: Details of Financial Assistance Offered by Financial Institutions
• Table 15: Perfume Manufacturing Plant: Capital Costs (in US$)
• Table 16: Perfume Manufacturing Plant: Techno-Economic Parameters
• Table 17: Perfume Manufacturing Plant: Taxation (in US$)
• Table 18: Perfume Plant: Depreciation (in US$)
• Table 19: Perfume Manufacturing Plant: Income Projections (in US$)
• Table 20: Perfume Manufacturing Plant: Expenditure Projections (in US$)
• Table 21: Perfume Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
• Table 22: Perfume Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
• Table 23: Perfume Manufacturing Plant: Profitability Analysis (in US$)