Perfume Market Report, Size, Share, Trends and Forecast 2022-2027

The IMARC Group provides extensive analysis of the perfume industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on perfume market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the Keyword market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players
Comprehensive details of factors that will challenge the growth of smart meters market key players

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The global perfume market reached a value of US$ 33.5 Billion in 2021. Perfumes are a blend of essential oils and aromatic compounds that create a pleasant odor. They use various sources, including plants, water, alcohol, solvents, fixatives, natural ingredients, and synthetically modified chemicals. Amongst these, the most commonly used natural ingredients include flowers, spices, leaves, fruits, nuts, balsams, grasses, woods, and plant roots. Perfumes are extensively used as an indispensable product by consumers to improve self-competence and mood, reduce anxiety, influence emotions or perception, and enhance overall personality and appearance.

Perfume Market Trends:

The global perfume industry is primarily driven by the growing trend of personal grooming and the increasing demand for various premium products among consumers. This is further supported by the improving lifestyle standards, rising disposable income, and rapid urbanization in emerging nations. Moreover, the shifting inclination toward e-commerce and online shopping platforms due to the fuelling promotions and easy product availability is propelling the market growth. Additionally, the introduction of touchless artificial intelligence (AI)-based perfume applications is positively stimulating the market growth. Apart from this, extensive celebrity endorsements and strategic collaborations amongst key players to engineer natural ingredients-infused unisex perfumes in varying scents are contributing to the market growth. Looking forward, IMARC Group expects the perfume market to reach US$ 47.6 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

Avon Products Inc.
Natura Cosméticos SA
Chanel SA
Coty Inc.
LVMH
L'Oréal SA.

Market Segmentation:

Breakup by Perfume Type:

Premium Perfume Products
Mass Perfume Products

Breakup by Category:

Female Fragrances
Male Fragrances
Unisex Fragrances

Breakup by Distribution Channel:

Speciality stores
Departmental stores
Online stores
Hypermarkets & supermarkets 
Others

Regional Insights:

Brazil
United States
Germany
France
Russia

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.