Perfume market was valued at USD 36.17 Billion in 2022, and it is expected to reach USD 49.22 Billion by 2029, exhibiting a CAGR of 4.5 % during the forecast period (2023-2029).
Perfume Market Overview
Maximize Market Research has published a report on the Perfume Market, which provides a comprehensive overview of the market, including its dynamics, regional insights, and information on competition in the industry. The report also provides guidance for investors and helps key players in the market develop strategic plans.
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Perfume Market Report Scope and Research Methodology
The Perfume market report is based on primary and secondary research methodologies to provide a comprehensive assessment of the global market, including its stakeholders, value, revenue, production, and sales. The report also provides a clear overview of the market’s historical and current status, as well as its forecasted trends and size.
The report uses several research methodologies, including interviews and surveys, to understand consumer behavior. The report also uses Porter, PESTLE, and SWOT analysis, as well as the bottom-up approach, to estimate the Perfume market size and shed light on the key financial considerations of Perfume key players.
Perfume Market Segmentation
The Eau De Parfum (EDP), Parfum or De Parfum, Eau De Cologne (EDC), Eau De Toilette (EDT), and other varieties are the several categories under which the perfume market is divided. During the projection period, the Eau De category is anticipated to experience the fastest growth. In comparison to other categories, perfume contains a sizable portion of essential oils and has the highest global fragrance concentration. As a result, the consumer demand for the eau de sector is the highest, which is thought to give it the market’s dominant position.
Due to the mass production from numerous producers, the mass product sector controlled the majority of the market share for perfume in 2022. increasing the need for mass-produced goods, which in turn boosts sales. However, customers’ rising demand for premium scents will be the reason for the anticipated reduction in mass-produced perfume items in the future. This has caused the producers to turn their attention to high-end goods, which has helped the worldwide perfume business expand.
Men, women, and unisex are the different end-user segments of the perfume market. Due to increased spending on cosmetic, beauty, and personal care items, it is predicted that the female market will dominate the perfume industry. In 2022, the women’s category held the highest proportion (62.5%). The female population has a strong propensity to buy natural fragrances and perfumes for grooming, which drives up perfume sales. Consequently, the women’s market is anticipated to propel the growth of the perfume industry.
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Perfume Market Key Players
1. Gucci
2. Calvin Klein
3. Dolce & Gabbana
4. Burberry Group PLC
5. Givenchy
6. Chanel SA
7. Christian Dior
8. Versace
9. Hugo Boss
10.PVH Corp.
11.Jil Sander
12.Tom Ford
13.Macy’s
14.LVMH Moët Hennessy Louis Vuitton
15.Guerlain
16.Vera Wang
17.Jean-Paul Gautier
18.L’Oréal S.A.
19.Unilever Plc
20.Hermes International
21.Giorgio Armani Beauty
22.Coty Inc.
23.Proctor and Gamble Co.
24.Estee Lauder Companies Inc.
25.Natura Cosmeticos SA
26.Givaudan
27.Avon Products Inc.
28.Shiseido Company Limited
Perfume Market Regional Insights
The Perfume market report provides a detailed analysis of all five major regions:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- South America
Key Questions answered in the Perfume Market Report are:
- What is Perfume?
- What was the Perfume market size in 2022?
- What is the expected Perfume market size by 2029?
- What is the expected Perfume market size by the end of the forecast period?
- Which segment in the Perfume market is expected to grow rapidly during the forecast period?
- Who are the Perfume key players in the industry?
- What key trends are expected to emerge in the Perfume market during the forecast period?
- Which region dominated the global Perfume market in 2022?
- Which regional market is expected to grow rapidly during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2022)
- Past Pricing and price curve by region (2017 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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