Perfume Market Industry Size Growth at a CAGR of 5.86% | Forecast 2022-2027

According to IMARC Group's latest report, titled "Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global perfume market size reached US$ 33.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.1% during 2022-2027.
Perfumes are sweet-smelling odor-producing mixtures that are made of scented oils and aromatic chemicals extracted from various natural sources, including flowers, spices, balsams, and plant roots. During their production procedure, various ingredients, such as water, alcohol, solvents, fixatives and synthetically modified chemicals, are further added to maintain the fragrance structure and allow diffusion of components. Perfumes help increase self-competence and mood, relieve anxiety, alter emotions or perceptions, and improve overall personality and appearance. As a result, it is widely utilized by consumers while attending diverse events to increase self-appeal.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/perfume-manufacturing-plant/requestsample

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.

𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The growing need for various premium personal care products for grooming purposes and the increasing consumer consciousness regarding their presentability in events, meetings, social gatherings, and workforce atmosphere are primarily driving the market growth. This is further influenced by the rising consumer expenditure on luxury perfumes on account of inflating income levels and improving standards of living.

Additionally, the ongoing customization of the product and the introduction of touchless artificial intelligence (AI)-based perfume applications in diverse scent options are favoring the market growth. Moreover, rapid urbanization, and the shifting consumer inclination toward online shopping platforms, such as e-commerce, especially during the COVID-19 pandemic due to easy product availability, discounts, and promotions, are supplementing product sales across the globe. Besides this, aggressive advertisements, continuous celebrity endorsements, and strategic collaborations amongst key players to design natural ingredient-infused unisex fragrances with attractive packaging solutions are propelling the market growth.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:
https://www.imarcgroup.com/checkout?id=631&method=1

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:

The competitive landscape of the market has also been examined with some of the key players.

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

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on perfume type, category and distribution channel.

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

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=631&flag=C

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.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Bath and Shower Products Market: https://bit.ly/3tt3Yp6

Baseball Equipment Market: https://bit.ly/3tt1Dus

Herbal Supplements Market: https://bit.ly/3O2atIM

Secondhand Luxury Goods Market: https://bit.ly/3EwCKUZ

Home Decor Market: https://bit.ly/2P6Tjxu

Contact Us:

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800

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.