Perfumes Global Market Size, Share, Growth, Trends, By Product Type, By Distribution Channel, End User, Regional Forecast 2022-2031

The global perfumes market report by the business research company identifies Rapid growth in the millennial population is expected to drive the perfumes market. As of 2020, there were 1.8 billion millennials globally. Young people tend to spend more than old on cosmetics, to improve looks and quality of life. Millennials are the largest potential purchasing community of cosmetics in 2019, accounting for around 32% of the world's population, compared to 17 percent for those over 55 years of age. By 2025, millennials are expected to constitute nearly three-quarters of the global workforce. As millennials will represent a large part of the global workforce and play a major role in driving the current economy, their preferences and shopping habits will be an important driving factor for the perfumes market.

The global perfumes market is expected to grow from $62.91 billion in 2021 to $71.19 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The market is expected to grow to $114.98 billion in 2026 at a CAGR of 12.7%.

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Asia Pacific was the largest region in the perfumes market in 2021. Western Europe was the second-largest region in the perfumes market. The regions covered in the perfumes manufacturing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the perfumes market are Coty Inc., Shiseido Company Limited, L'Oral SA, LVMH Mot Hennessy Louis Vuitton SE, Revlon Inc., Avon Products Inc., Abdul Samad Al Qurashi, Este Lauder Companies Inc., Oriflame Holding AG, and Chanel SA.

The global perfumes market is segmented -
1) By Product: Mass, Premium
2) By End User Sex: Women, Men
3) By Distribution Channel: Offline, Online

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The Perfumes Market Report Contents Include
1. Executive Summary
2. Perfumes Market Characteristics
3. Perfumes Market Trends And Strategies
4. Impact Of COVID-19 On Perfumes
5. Perfumes Market Size And Growth
.....
26. Africa Perfumes Market
27. Perfumes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Perfumes Market
29. Perfumes Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the perfumes market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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