Dublin, May 03, 2022 (GLOBE NEWSWIRE) -- The "Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global perfume market reached a value of US$ 33.5 billion in 2021. Looking forward, the market is projected to reach US$ 47.6 billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Perfumes are composed of fragrances or essential oils which are used to provide a pleasant smell. Some of the common natural ingredients utilised in the production of perfumes include spices, woods, flowers, grasses, fruits, resins, leaves, roots, balsams, gums and animal secretions. Perfumes signify a person's style, individuality and personality and a good scent can influence mood, behaviour, perception, emotions and human thoughts. Nowadays, the manufacturing of perfumes has evolved into a mainstream business in the personal care and cosmetics industry.
The global perfume market is gaining traction owing to the rising trend of personal grooming along with the increasing demand for youth-oriented as well as exotic fragrances. Moreover, the product diversification by manufacturers is attracting a larger consumer-base. Apart from this, increasing consumer spending on luxury fragrances on account of inflating income levels and improving standards of living are further boosting the sales of perfumes. Other major factors propelling the demand for perfumes worldwide are rapid urbanisation, increasing population and aggressive advertising by the manufacturers. However, the availability of counterfeit products represents one of the major challenges faced by the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global perfume market, along with forecasts at the global and country level from 2022-2027. The report has categorized the market based on perfume type, category and distribution channel.
Breakup by Perfume Type:
- Premium Perfume Products
- Mass Perfume Products
Based on perfume type, the market has been segmented as premium and mass perfume products. Currently, premium perfume products dominate the market, holding the largest share.
Breakup by Category:
- Female Fragrances
- Male Fragrances
- Unisex Fragrances
On the basis of category, female fragrances lead the market, accounting for the majority of the market share. They are followed by male and unisex fragrances.
Breakup by Distribution Channel:
- Speciality Stores
- Departmental Stores
- Online Stores
- Hypermarkets & Supermarkets
- Others
On the basis of distribution channel, the market has been segmented into speciality stores, departmental stores, online stores, hypermarkets & supermarkets and others. Currently, speciality stores dominate the market, holding the largest share.
Regional Insights:
- Brazil
- United States
- Germany
- France
- Russia
Region-wise, the market has been segmented into Brazil, the United States, France, Germany and Russia. Amongst these, Brazil represents the largest market, accounting for majority of the global market.
Competitive Landscape
The competitive landscape of the market has also been examined with some of the key players being Avon Products Inc., Natura Cosmeticos SA, Chanel SA, Coty Inc., LVMH and L'Oreal SA.
Key Questions Answered in This Report
1. What is the size of the global perfume market?
2. What is the expected growth rate of the global perfume market?
3. What are the key factors driving the global perfume market?
4. What has been the impact of COVID-19 on the global perfume market?
5. What is the breakup of the global perfume market based on the perfume type?
6. What is the breakup of the global perfume market based on the category?
7. What is the breakup of the global perfume market based on the distribution channel?
8. What are the key regions in the global perfume market?
9. Who are the key companies/players in the global perfume market?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Perfume Industry
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Region
5.5 Market Breakup by Perfume Type
5.6 Market Breakup by Category
5.7 Market Breakup by Distribution Channel
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Raw Material Procurement
5.10.2 Manufacturers
5.10.3 Distributors
5.10.4 Exporters
5.10.5 Retailers
5.10.6 End-Consumers
5.11 Porter's Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Rivalry
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.1 Brazil
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 United States
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Germany
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 France
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Russia
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market by Perfume Type
7.1 Premium Perfume Products
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mass Perfume Products
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market by Category
8.1 Female Fragrances
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Male Fragrances
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Unisex Fragrances
8.3.1 Market Trends
8.3.2 Market Forecast
9 Competitive Landscape
9.1 Competitive Structure
9.2 Major Players
10 Perfume Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Raw Materials Requirements and Expenditures
11.5 Packaging Requirements and Expenditures
11.6 Transportation Requirements and Expenditure
11.7 Utilities Requirements
11.8 Manpower Requirements and Expenditures
11.9 Other Capital Investments
12 Perfume Manufacturing Plant: Loans and Financial Assistance
13 Perfume Manufacturing Plant: Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation
13.5 Depreciation
13.6 Income Projections
13.7 Expenditure Projections
13.8 Financial Analysis
13.9 Profit Analysis
14 Key Player Profiles
14.1 Avon Products Inc.
14.2 Natura Cosmeticos SA
14.3 Chanel SA
14.4 Coty Inc.
14.5 LVMH
14.6 L'Oreal SA
For more information about this report visit https://www.researchandmarkets.com/r/7rzazu
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