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Global Perfume & Fragrances Market Opportunities and Forecast 2022-2029

Market Overview

The global perfume and fragrances market was valued at $37.2 billion in 2020 and is projected to reach $44 billion by 2029, growing at a CAGR of 2.8% from 2022 to 2029. The market is driven by factors such as the increasing demand for premium and organic products, rising disposable incomes, and the growth of the online retail sector. However, the market is restrained by the availability of counterfeit products and the fluctuating prices of raw materials. The key players in the market include L’Oreal, Coty, Estee Lauder, and AVON Products.

The market is driven by factors such as rising disposable incomes, changing lifestyle trends, and increasing awareness of personal grooming.

Perfumes and fragrances are used to enhance the appearance and smell of an individual. They are available in various forms such as sprays, liquids, powders, and gels. Perfumes are generally made from essential oils, whereas fragrances are synthetic compounds.

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Covid-19 Impact on Perfume & Fragrances Market

Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers’ 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 consumers have shifted towards online shopping from March 2020 to December 2020.

Report Includes

An overview of the global Perfume & Fragrances market, and related technologies and developments. Analyses of global market trends, with historical data from 2016, 2017, and 2018 estimates and projections of CAGRs through 2027. It also includes breakdowns of the overall Perfume & Fragrances market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Perfume & Fragrances market and comprehensive profiles of leading companies in the industry

Report Scope

The report forecasts the size of the Perfume & Fragrances market for components from 2020 through 2027
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes research scope, market segmentation, research methodology, and definitions and assumptions. It involves extreme rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.

The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.

After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.

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Segmentation Analysis:

The perfume and fragrances market is segmented by product type, distribution channel, and geography. By product type, the market is divided into Eau de perfume, eau de toilette, colognes, body sprays, and others. By distribution channel, the market is classified into offline and online channels. Geographically, the market is analyzed across North America (U.S., Canada), Europe (France, Germany, Italy, Spain), Asia-Pacific (China, India), Latin America (Brazil), and Middle East & Africa (South Africa).

Global Perfume & Fragrances Market Competitive Analysis:
Key players in the Global Perfume & Fragrances market are Revlon, Inc. (the US), L’Oréal S.A. (France), Shiseido Company, Limited (Japan), International Flavors & Fragrances, Inc. (US), Chanel S.A. (France), The Estée Lauder Companies Inc. (US), Avon Products, Inc. (UK), Oriflame Holding AG (Switzerland), PDC Brands (US), Inter Parfums Holdings, S.A. (France), Abdul Samad Al Qurashi (Saudi Arabia), Vivenza (Kuwait), Royal Beauty Group Co. (Kuwait), AlQuraishi Fragrances (Kuwait), and Rasasi Perfumes Industry LLC (United Arab Emirates) and among other players.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. The global Perfume & Fragrances market is distributed on the basis of below-mentioned segments:

Global Perfume & Fragrances market, By Type:

  • Eau de Parfum
  • Eau de Toilette
  • Eau Fraiche
  • Eau de Cologne
  • Others

Global Perfume & Fragrances market, By Application:

  • Men
  • Women

Global Perfume & Fragrances market, By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa

Research objectives:

  • To study and analyze the global Perfume & Fragrances market size by key regions/countries, product type and application, history data from 2018 to 2020, and forecast to 2029.
  • To understand the structure of Perfume & Fragrances market by identifying its various sub segments.
  • Focuses on the key global Perfume & Fragrances players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Perfume & Fragrances with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Perfume & Fragrances submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

Key questions answered in this report

  • What will the market size be in 2029 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents: Perfume & Fragrances Market

  • Part 1: Overview of Perfume & Fragrances Market
  • Part 2: Perfume & Fragrances Carts: Global Market Status and Forecast by Regions
  • Part 3: Global Market Status and Forecast by Types
  • Part 4: Global Market Status and Forecast by Downstream Industry
  • Part 5: Market Driving Factor Analysis
  • Part 6: Market Competition Status by Major Manufacturers
  • Part 7: Major Manufacturers Introduction and Market Data
  • Part 8: Upstream and Downstream Market Analysis
  • Part 9: Cost and Gross Margin Analysis
  • Part 10: Marketing Status Analysis
  • Part 11: Market Report Conclusion
  • Part 12: Perfume & Fragrances: Research Methodology and Reference

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