openPR Logo
Press release

Global Perfume Market Size to Grow at a CAGR of 4% in the Forecast Period of 2022-2027

12-12-2022 05:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Perfume Market Size to Grow at a CAGR of 4% in the Forecast

The 'Global Perfume Market Share, Report and Forecast 2022-2027' by Expert Market Research gives an extensive outlook of the global perfume market, assessing the market on the basis of its segments like products, gender, and major regions.

Perfume Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/perfume-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 33 billion
• Forecast CAGR (2022-2027): 4%

The demand for perfumes has been driven by the increase in standards of living, rise in popularity of long-lasting high-quality perfumes, and robust urbanisation. Increase in the number of corporate workers is also fuelling the sale of perfumes. More men are also experimenting with various perfumes, supporting the growth of the market. The perfume market has been aided by the rise in disposable income and increase in demand for perfumes with high fragrance oil.

The increase in awareness about personal care and hygiene is another crucial driving factor for the market. The growing expansion of the fashion industry and increasing influence of celebrities are motivating millennials and youngsters to purchase perfumes.

Applying perfume can change the mood of a person and decrease stress and anxiety. In this regard, the busy and hectic lifestyles led by the working-class population is further escalating the sale of perfumes.

The increasing incorporation of perfumes in cosmetic products to enhance the experience of cometic consumers is adding to the perfume market growth. Moreover, perfumes are also added to air fresheners which improve the atmosphere of a room. Hence, the increasing adoption of air fresheners in commercial spaces, public places, and households, is expanding the market opportunities for perfumes.

Perfume Industry Definition and Major Segments

A perfume is defined as a mixture of essential oils extracted from plants and other aromatic compounds which gives out pleasant odour. Modern perfumes contain many other compounds apart from aromatic compounds, for purposes such as stabilisation of the final product and scent longevity. Perfumes containing high amounts of specialised fragrances are generally more expensive. The classes of fragrance can be divided into floral, wood, and citrus.

Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/perfume-market

On the basis of product, the market can be segmented into:

• Premium Product
• Mass Product

Based on gender, the market has been divided into:

• Male
• Female
• Unisex

On the basis of region, the market can be categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Perfume Market Trends

The key trends in the perfume market include the growing research and development activities by the major market players aimed towards producing world-class perfumes with superior fragrance and unique smell. Product engagement and branding of new innovations has become easy in the modern world owing to the increase in number of social media users which is another crucial market driving trend.

The availability of unisex perfumes is a growing trend in the market for perfumes, particularly amongst consumers that prefer neutral scents. Preference for natural perfumes is also a key trend, as consumers express interest in avoiding overtly chemical formulations. The availability of vast perfume brands of different shapes and sizes is further expanding the options for consumers who are selective. Subscription boxes and samples of perfumes help users in finding an ideal perfume that matches their taste.
In terms of region, Europe accounts for a significant share in the market due to the strong foothold of major perfume manufacturers. The increasing influence of the fashion industry in the region has been fuelling the demand for perfumes.

Key Market Players

The major players in the Global Perfume Market are :

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

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.

Media Contact:

Company Name: Claight Corporation
Contact Person: Shira Ellis, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Perfume Market Size to Grow at a CAGR of 4% in the Forecast Period of 2022-2027 here

News-ID: 2843536 • Views:

More Releases from Expert Market Research

Global Automotive Lighting Market Size, Share, Trends and Report 2024-2032
Global Automotive Lighting Market Size, Share, Trends and Report 2024-2032
According to the report by Expert Market Research (EMR), the global automotive lighting market reached a value of nearly USD 32.20 billion in 2023. Aided by increasing vehicle production and technological advancements, the market is projected to grow at a CAGR of 6.1% between 2024 and 2032 to reach a value of around USD 54.86 billion by 2032. Automotive lighting, essential for vehicle safety and aesthetics, encompasses all lighting and signalling
Cash in Transit Services Market Size, Share, Growth & Global Trends | Forecast 2032
Cash in Transit Services Market Size, Share, Growth & Global Trends | Forecast 2 …
Cash in Transit Services Market Outlook According to the report by Expert Market Research (EMR), the global cash in transit services market size reached a value of USD 24.69 billion in 2023. Aided by the growing demand for secure and efficient cash handling services across various sectors and regions, the market is projected to further grow at a CAGR of 8% between 2024 and 2032 to reach a value of USD
China Liquid Sugar Market Size, Share, Trends, Growth, Analysis, Outlook, Report, Forecast 2024-2032
China Liquid Sugar Market Size, Share, Trends, Growth, Analysis, Outlook, Report …
According to the report by Expert Market Research (EMR), the China liquid sugar market size is projected to grow at a CAGR of 2.40% between 2024 and 2032. Aided by the expanding food and beverage sector and the increasing demand for convenient and versatile sweetening solutions, the market is expected to grow significantly by 2032. Liquid sugar, consisting of sugar dissolved in water, is a critical ingredient in various applications, including
Europe Hose and Tubing Market Size, Share, Industry Growth & Trend Analysis | Report 2032
Europe Hose and Tubing Market Size, Share, Industry Growth & Trend Analysis | Re …
Europe Hose and Tubing Market Outlook The market size for hose and tubing in Europe surpassed USD 4.07 billion, underscoring its significant presence in various industrial sectors across the region. The demand for these essential components, vital in fluid and gas conveyance applications across industries such as automotive, manufacturing, and construction, continues to drive growth. Looking ahead, the European hose and tubing market is projected to expand steadily, with a compound

All 5 Releases


More Releases for Perfume

Future Trend of Luxury Perfume
Luxury Perfume Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It
Avail Authentic Fragrance on Online Perfume Store
The website offers perfumes that you wouldn’t find anywhere else. The website is easy to use and offers many selections. Prices are significantly affordable. We already have a wide range of fragrances to choose from including- Eau de Perfume, Pure perfume oils, scent shots, and MPF Perfumes, etc. We believe in spreading love through our fragrances and we try our best to provide you with the best options available out
Female Perfume Market Is Booming Worldwide
HTF MI recently introduced Global Female Perfume Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Gucci, Chanel, Thierry Mugler, Lancome, Dior, YSL, Marc Jacobs, Guerlain, BVLGARI,
Perfumes and Fragrances Market Report 2018: Segmentation by Type (Premium, Mass, …
Global Perfumes and Fragrances market research report provides company profile for Coty, Estee Lauder, Gucci, Bvlgari, Chanel and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the
Piperonyl Butoxide Market 2017- Endura, Shuguang Chem, Sumitomo Chem, Yangpu Nat …
Piperonyl Butoxide Market 2017 Industry research report provides important information to identify and analyze the market need, market size and competition. This market research report used in maintaining competitiveness over competitors.“Piperonyl butoxide (PBO) is an organic compound used as a component of pesticide formulations. It is a waxy white solid. It is a synergist. That is, despite having no pesticidal activity of its own, it enhances the potency of certain
Global Perfume Market Research Report 2021
MarketResearchReports.Biz presents this most up-to-date research on "Global Perfume Market Research Report 2021" Description This report studies Perfume in Global market, especially in North America, Europe, China, Japan, India and Southeast Asia, focuses on top manufacturers in global market, with sales, price, revenue and market share for each manufacturer, covering Bvlgari Chanel Coty Estee Lauder Gucci Abdul Samad Al Qurashi Azzaro Carolina Herrera Clarins Kate Spade LVMH Nina Ricci Oriflame Shiseido Versace Market Segment by Region, this report splits Global into several key Region, with sales, revenue, market