Perfume & Fragrance Manufacturing in the US - Industry Market Research Report

Fresh scent: Favorable economic conditions are expected to benefit the industry

The Perfume and Fragrance Manufacturing industry has expanded as per capita disposable income and consumer spending have enabled shoppers to splurge on more high-end industry goods in downstream markets. Still, the COVID-19 pandemic and a decline in demand for fashion design services over the past five years have contributed to lower industry sales. Nonetheless, industry-wide revenue has been increasing at a CAGR of 2.0% over the past five years, including an estimated 0.3% decrease in the current year, and is expected to total $5.1 billion in 2023. In the same year, profit is projected to decrease to 10.6%.

Companies in this industry manufacture men’s and women’s perfumes and fragrances. Perfume is a mixture of fragrant essential oils and aroma compounds, fixatives and solvents used to give the human body a pleasant scent.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.