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Fragrances and Perfumes - Global Market Trajectory & Analytics

  • ID: 338698
  • Report
  • April 2021
  • Region: Global
  • 547 Pages
  • Global Industry Analysts, Inc
Global Fragrances and Perfumes Market to Reach $54.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Fragrances and Perfumes estimated at US$43.6 Billion in the year 2020, is projected to reach a revised size of US$54.6 Billion by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027. Women’s Fragrances & Perfumes, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$33.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Men’s Fragrances & Perfumes segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $11.8 Billion, While China is Forecast to Grow at 5.9% CAGR

The Fragrances and Perfumes market in the U.S. is estimated at US$11.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.3 Billion by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Unisex Fragrances & Perfumes Segment to Record 3% CAGR

In the global Unisex Fragrances & Perfumes segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.6 Billion by the year 2027, while Latin America will expand at a 3.8% CAGR through the analysis period.

Select Competitors (Total 313 Featured):
  • Avon Products Inc.
  • Chanel SA
  • Coty Inc.
  • Estée Lauder Companies Inc.
  • Gianni Versace S.p.A.
  • L`Oreal SA
  • Revlon Inc.
  • Shiseido Co.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Recent Market Activity
  • Fragrances and Perfumes - An Indispensable Part of Personal Grooming
  • Global Market Overview & Analysis
  • Developed Countries Dominate the Global Fragrances & Perfumes Market
  • Developing Nations to Drive Future Growth
  • Fragrances and Perfumes Market - Analysis by Segment
  • Premium Fragrances Report Strong Growth
  • Competition
  • Strong Brand Image Raises the Barrier for Entry of Small Players
  • Players Focus on Brand Licensing to Tap Promising Fragrance Market
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Product Launches Play an Important Role to Drive Growth
  • Innovations Continue to Shape the Perfumery World
  • Unisex Perfumes Dominate New Launches
  • Niche Fragrances - A High Growth Market
  • Perfume Personalization Gains Spotlight Amidst Growing Consumer Interest in Individuality
  • Growing Popularity of Earthy, Ethical and Natural Perfumes
  • Flankers Tone up Fragrances Market
  • Fragrance Layering Gets Popular
  • Manufacturers Focus on Alternative Application Methods
  • Celebrity Fragrances Experience a Decline
  • Perfumes in Smaller Packages Grow in Popularity
  • Heritage Fragrances Witness a Resurgence
  • New Perfumes with Skin and Mood Enhancers
  • Summer Fragrances Gain Significant Demand during Travel Time
  • Fragrance Houses Target Toddlers and Children
  • Top Brands Don a New, Vivacious Look
  • Relaunches Essential for Brand Preservation
  • Counterfeiting Hampers Growth of Premium Fragrance Sector
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 313
Note: Product cover images may vary from those shown
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