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Perfumes Global Market Opportunities And Strategies To 2031

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    Report

  • 206 Pages
  • January 2023
  • Region: Global
  • The Business Research Company
  • ID: 5721009
This report describes and explains the perfumes market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The global perfumes market reached a value of nearly $62,910.2 million in 2021, having grown at a compound annual growth rate (CAGR) of 6.6% since 2016. The market is expected to grow from $62,910.2 million in 2021 to $111,499.4 million in 2026 at a rate of 12.4%. The market is then expected to grow at a CAGR of 12.4% from 2026 and reach $199,769.4 million in 2031.

Growth in the historic period resulted from aggressive advertising and promotional activities, strong economic growth in emerging markets and rising disposable income.

Going forward, global population growth and urbanization and rapid growth in e-commerce will drive the growth. Factors that could hinder the growth of the perfumes market in the forecast period include stringent regulations.

The perfumes market is segmented by product into mass and premium. The premium market was the largest segment of the perfumes market segmented by product, accounting for 54.7% of the total in 2021. Going forward, the premium market is expected to be the fastest growing segment in the perfumes market segmented by product, at a CAGR of 12.6% during 2021-2026.

The perfumes market is segmented by end-user sex into women, men and unisex. The women market was the largest segment of the perfumes market segmented by end-user sex, accounting for 57.3% of the total in 2021. Going forward, the women market is expected to be the fastest growing segment in the perfumes market segmented by end-user sex, at a CAGR of 12.7% during 2021-2026.

The perfumes market is segmented by distribution channel into offline and online. The offline market was the largest segment of the perfumes market segmented by distribution channel, accounting for 72.0% of the total in 2021. Going forward, the offline is expected to be the fastest growing segment in the perfumes market segmented by distribution channel, at a CAGR of 14.7% during 2021-2026.

North America was the largest region in the perfumes market, accounting for 29.7% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the perfumes market will be Eastern Europe, and Middle East where growth will be at CAGRs of 17.0% and 15.0% respectively. These will be followed by Western Europe and Africa where the markets are expected to grow at CAGRs of 15.0% and 11.3% respectively.

The global perfumes market is fairly fragmented, with a large number of small players. The top ten competitors in the market made up to 12.07% of the total market in 2021. The LVMH was the largest competitor with 3.15% share of the market, followed by Givaudan with 2.51%, Shiseido Co. Ltd. with 1.49%, Avon Products Inc. with 1.41%, L’Oréal S.A. with 1.12%, PUIG with 0.82%, Revlon Inc. with 0.63%, PVH Corp. with 0.311%, Elizabeth Arden Inc. with 0.307%, and Hermes International with 0.306%.

The top opportunities in the perfumes market segmented by product will arise in the premium segment, which will gain $27,868.4 million of global annual sales by 2026. The top opportunities in segment by end-user sex will arise in the women segment, which will gain $29,573.1 million of global annual sales by 2026. The top opportunities in segment by distribution channel will arise in the offline, which will gain $31,207.9 million of global annual sales by 2026. The perfumes market size will gain the most in the USA at $10,048.5 million.

Market-trend-based strategies for the perfumes market include new technology development, using artificial intelligence in perfumes production, new product launches, focusing on increased mergers & acquisitions, and developing personalized perfumes.

Player-adopted strategies in the perfumes market include focus on mergers and acquisitions, focus on expanding product portfolio by launching new platforms, focus on strengthening product portfolio by introducing premium products and focus on expanding business operations through collaborations and partnerships.

To take advantage of the opportunities, the publisher recommends the perfume companies to focus on new technology development, focus on artificial intelligence in perfumes production, focus on new product launches, focus on personalized perfumes, focus on mergers and acquisitions, expand in emerging markets, provide competitively priced offerings, focus on market-based pricing, focus on aggressive advertising and promotional activities, leverage online portals to maximize reach and revenues, participate in trade shows and events, focus on millennials, target fast-growing end-use segments.


Frequently Asked Questions about the Global Perfumes Market

What is the estimated value of the Global Perfumes Market?

The Global Perfumes Market was estimated to be valued at $62910.2 Million in 2021.

What is the growth rate of the Global Perfumes Market?

The growth rate of the Global Perfumes Market is 12.2%, with an estimated value of $199769.4 Million by 2031.

What is the forecasted size of the Global Perfumes Market?

The Global Perfumes Market is estimated to be worth $199769.4 Million by 2031.

Who are the key companies in the Global Perfumes Market?

Key companies in the Global Perfumes Market include LVMH, Givaudan, Shiseido Co. Ltd. and L’oréal S.A.

Table of Contents

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Perfumes Market Definition and Segmentations
6.4. Market Segmentation by Product
6.4.1. Mass
6.4.2. Premium
6.5. Market Segmentation by End-User Sex
6.5.1. Women
6.5.2. Men
6.5.3. Unisex
6.6. Market Segmentation by Distribution Channel
6.6.1. Offline
6.6.2. Online

7. Major Market Trends
7.1. New Technology Development
7.2. Artificial Intelligence in Perfumes Production
7.3. New Product Launches
7.4. Increased Mergers & Acquisitions
7.5. Personalized Perfumes

8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Market Restraints 2016 - 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021-2026
8.3.2. Market Restraints 2021 - 2026

9. Global Perfumes Market Segmentation
9.1. Global Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Perfumes Market, Segmentation By End-User Sex, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Perfumes Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

10. Perfumes Market, Regional and Country Analysis
10.1. Global Perfumes Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Perfumes Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Perfumes Market: Country Analysis
11.7. China Market
11.8. Summary
11.9. Market Overview
11.9.1. Country Information
11.9.2. Market Information
11.9.3. Background Information
11.9.4. Regulations
11.9.5. Regulatory Bodies
11.9.6. Major Associations
11.9.7. Taxes Levied
11.9.8. Corporate Tax Structure
11.9.9. Investments
11.9.10. Major Companies
11.10. China Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.11. China Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.12. China Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.13. India Market
11.14. India Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.15. India Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.16. India Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.17. Japan Market
11.18. Japan Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.19. Japan Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.20. Japan Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.21. Australia Market
11.22. Australia Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.23. Australia Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.24. Australia Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.25. Indonesia Market
11.26. Indonesia Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.27. Indonesia Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.28. Indonesia Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. South Korea Market
11.30. South Korea Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.31. South Korea Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.32. South Korea Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Perfumes Market: Country Analysis
12.7. UK Market
12.8. UK Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.9. UK Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.10. UK Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.11. Germany Market
12.12. Germany Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.13.Germany Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.14. Germany Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.15. France Market
12.16. France Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.17. France Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.18. France Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Taxes Levied
13.2.8. Corporate Tax Structure
13.2.9. Major Associations
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Perfumes Market: Country Analysis
13.7. Russia Market
13.8. Russia Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.9. Russia Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.10. Russia Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Taxes Levied
14.2.8. Corporate Tax Structure
14.2.9. Major Associations
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Perfumes Market: Country Analysis
14.7. USA Market
14.8. Summary
14.9. Market Overview
14.9.1. Country Information
14.9.2. Market Information
14.9.3. Background Information
14.9.4. Government Initiatives
14.9.5. Regulations
14.9.6. Regulatory Bodies
14.9.7. Taxes Levied
14.9.8. Corporate Tax Structure
14.9.9. Major Associations
14.9.10. Investments
14.9.11. Major Companies
14.10. USA Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.11. USA Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.12. USA Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Perfumes Market: Country Analysis
15.7. Brazil Market
15.8. Brazil Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.9. Brazil Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.10. Brazil Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Perfumes Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Perfumes Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Perfumes Market, Segmentation By Product, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)

18. Competitive Landscape and Company Profiles
18.1. Company Profiles
18.2. LVMH
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. Givaudan
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. Shiseido Co. Ltd.
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Avon Products Inc.
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. L’Oréal S.A.
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview

19. Key Mergers and Acquisitions
19.1. Azelis To Acquire Majority Stake Ashapura Aromas
19.2. Deerland Probiotics & Enzymes Acquired Bifodan A/S
19.3. Phoenix Flavors and Fragrances Acquired Innovative Fragrances Inc. (“IFI”)
19.4. Inter Parfums, Inc. Agreement with Salvatore Ferragamo S.p.A.
19.5. Iberchem Group Acquired Parfex S.A.
19.6. Givaudan Acquired Fragrance Oils
19.7. CPL Aromas Acquired Aromatic Flavours and Fragrances (AFF)

20. Opportunities And Strategies
20.1. Global Perfumes Market In 2026 - Countries Offering Most New Opportunities
20.2. Global Perfumes Market In 2026 - Segments Offering Most New Opportunities
20.3. Global Perfumes Market In 2026 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies

21. Perfumes Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People

22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer

Executive Summary

Perfumes Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global perfumes market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis

Description:

Where is the largest and fastest-growing market for perfumes? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The perfumes market global report answers all these questions and many more.

The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider perfumes market; and compares it with other markets.

The report covers the following chapters

  • Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the perfumes market.
  • Key Trends - Highlights the major trends shaping the global perfumes market. This section also highlights likely future developments in the market.
  • Global Market Size and Growth - Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region.
  • Market Segmentation - Contains the market values (2016-2031) and analysis for segment by product, by end-user sex, and by distribution channel in the market.
  • Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
  • Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
  • Conclusions And Recommendations - Includes recommendations for perfumes providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope

Markets Covered:

1) By Product: Mass; Premium
2) By End-User Sex: Women; Men; Unisex
3) By Distribution Channel: Offline; Online

Companies Mentioned: LVMN; Givaudan; Shiseido Co. Ltd.; Avon Products Inc.; L’oréal S.A

Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time-series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; perfumes indicators comparison.

Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • LVMH
  • Givaudan
  • Shiseido Co. Ltd.
  • Avon Products Inc.
  • L’oréal S.A

Methodology

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