Press release
Perfumes Market 2024 - Size, Share, Trends, and Growth Prospects 2033
Perfumes Market
The perfumes market size is expected to see rapid growth in the next few years. It will grow to $163.8 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to global population growth and urbanization and rapid growth in e-commerce. Major trends in the forecast period include new technology development, using artificial intelligence in perfumes production, new product launches, focusing on increased mergers & acquisitions, and developing personalized perfumes..
Market Overview -
Perfume is a mixture of fragrant essential oils or aroma compounds, fixatives, and solvents that give a pleasant scent to the human body, animals, food, objects, and living spaces. Perfumes are used to enhance the mood, increase attractiveness, and boost health.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=2651&type=smp
Rising Millennial Population Fuels Growth In The Perfume Market
Rapid growth in the millennial population is expected to drive the perfume market. Young people tend to spend more than older people on cosmetics to improve their looks and quality of life. In 2023, according to an ESW global voices survey, more than a quarter of millennials plan to spend more money online in categories such as health and beauty, luxury, apparel and footwear, and consumer electronics. 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 perfume market.
Competitive Landscape -
Major companies operating in the perfumes market report are LVMH, Givaudan, Shiseido Co. Ltd., Avon Products Inc., L'oréal S.A, PUIG, Revlon Inc., PVH Corp., Elizabeth Arden Inc., Hermes International, Kanha Nature Oils, CKC Fragrances, Deon Pro Corporation, Flavaroma, Zhuhai Jiaxinkang Pharmaceutical Technology Co., Ltd., Ningbo Equator Import & Export Co., Ltd., Guangzhou Phero Perfume Co., Ltd., Shandong Yingyang Flavors & Fragrances Co. Ltd, Firmenich SA, Solvay, Kao Chemicals, Robertet Group, Symrise AG, Takasago International Corporation, Famille Grasse Parfums, Dina Cosmetics France, Mikrocaps D.O. O, International Flavors & Fragrances Inc, BASF SE, Eleutere-Parfum. Ltd, ATLANTIC Cosmetics, Tereza-Inter LLC, DANKOFF TRADE COMPANY, VERONA PRODUCTS PROFESSIONAL SP. Z O.O, Independent Distributor Of Fm Group, Ba&Jo Consulting, BINALEX, Fragrances For Perfumes, Gabriella Salvete S.R.O, Paul's Bohemia Trading S.R.O., EB Holdings Inc, Semaj' R-Tistic Dezignz, Flowerbox Perfumery, Global Interlace Corporation, Scentura Creations, Petite Perfumes, AKL Trading LLC, Parmarperfume Inc., Stereoplasm., Pulp Fragrance, Lurker And Strange, Zoologist Perfumes, Libertine Fragrance, Biomara, Perfumes Class, Simran Herrera Hernandez., Roseto Perfumes S.A., Meroar, The Fragrance Group, Aromas M&M, Malbec, Natura Ekos, Hinode (Larru´S Industria E Comércio De Cosméticos Ltda), Floratta (Grupo Boticário), Natura Humor (Natura & Co, Perfumes Unlimited LLC, AL WARA PERFUMES INDUSTRY LLC, SS GLOBAL FRAGRANCES, AL NOORAN TR. LLC, IYVA INTERNATIONAL, Ajmal, Rasasi, Arabian Oud, Abdul Samad Al Qurashi, The Fragrance Kitchen (TFK), Glowhite Industries Nigeria Limited, Fragrance Bar Studio, Esteem Royale Cosmetics, Doyin Industries Limited, Beneks Manufacturing Nigeria Limited, B. J. Cosmetics. Co. Ltd, Avroy Shlain Cosmetics (Pty) Ltd, Benwood Manufacturing And Packaging Co (Pty) Ltd, Boardman Brothers (Pty) Ltd, Brunational (Pty) Ltd, Conway (Pty) Ltd, Azochem Laboratories (Pty) Ltd, Cape Town Toiletry Company (Pty) Ltd
Consumer Preference Shifts Towards Natural Fragrances In The Perfume Market
There is a growing preference among consumers for natural fragrances in the perfume market. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying natural products, and 44% prefer natural ingredient perfumes. Perfume manufacturing companies are focusing on the development of natural fragrances for perfumes due to rising concerns about allergic reactions and toxins in synthetic ingredients. For instance, IME Natural Perfumes are made up of 100% natural ingredients and are also certified as toxin-free perfumes.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/perfumes-global-market-report
Key Segments -
The perfumes market covered in this report is segmented -
1) By Product: Mass, Premium
2) By Distribution Channel: Offline, Online
3) By End-User Sex: Women, Men, Unisex
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Perfumes Market 2024 - Size, Share, Trends, and Growth Prospects 2033 here
News-ID: 3466487 • Views: …
More Releases from The Business research company
Key Growth Factors, Market Segmentation, and Competitive Approaches Influencing …
The AC electric motor market is poised for substantial growth in the coming years, driven by advancements in technology and evolving industrial needs. As industries adapt to modern demands like smart manufacturing and electric mobility, this sector is expected to expand significantly. Let's explore the market's size, key players, emerging trends, and the main segments shaping its future.
Forecasted Growth of the AC Electric Motor Market Size Through 2029
The…
Segment Evaluation and Major Growth Areas in the Semiconductor Capital Equipment …
The semiconductor capital equipment sector is set for substantial growth in the coming years, driven by technological advancements and increasing demand across various industries. This market reflects the dynamic nature of semiconductor manufacturing, where innovations and shifting industry needs play a pivotal role. Let's explore the current market valuation, key players, emerging trends, and segment-specific insights shaping the future of this industry.
Projected Market Growth of the Semiconductor Capital Equipment Market…
Worldwide Trends Review: The Fast-Paced Development of the Hollow Fiber Filtrati …
The hollow fiber filtration market is poised for impressive expansion over the coming years, driven by evolving healthcare needs and technological advancements. This sector is set to experience significant shifts that will shape its future landscape, fueled by innovation and changing consumer preferences. Let's explore the current market valuation, key players, emerging trends, and segment breakdowns that define this growing industry.
Forecasted Market Valuation and Growth Trajectory of the Hollow Fiber…
Emerging Sub-Segments Transforming the Stud Welding Machine Market Landscape
The stud welding machine market is positioned for steady growth over the coming years, driven by evolving industrial demands and technological advancements. As industries such as renewable energy, shipbuilding, and aerospace expand, the need for efficient and precise welding solutions is becoming increasingly critical. This overview delves into the market's valuation, key players, emerging trends, and segment insights shaping its trajectory.
Stud Welding Machine Market Valuation and Growth Outlook
The…
More Releases for Perfume
Perfume glass bottle packaging: decorative trends, mini perfume bottles and futu …
With the growing demand for niche brands and high-concentration perfumes, sales of perfume and fragrance products have been increasing in recent years, which also means a rise in the demand for perfume bottle packaging. Sheherazade Chamlou, Vice President of Beauty Sales for the Americas at SGD Pharma, a French pharmaceutical glass packaging company, said: "Glass is the material of choice for high-quality perfumes. No other material can match the elegance,…
Organic Perfumes Market Forecast 2031|Abel Organics, Christian Dior, Nantucket P …
[Nevada, October 2024] - Organic perfumes have emerged as a transformative segment within the broader fragrance industry, carving a niche that appeals to environmentally conscious consumers. Defined by their use of natural ingredients derived from sustainable sources, organic perfumes prioritize skin health and ecological responsibility, creating a significant shift in consumer preferences. As public awareness grows concerning the harms of synthetic fragrances and chemicals commonly found in conventional products, organic…
Premium Niche Perfume Market is Booming Worldwide with Ormonde Jayne, CB I Hate …
Latest Study on Industrial Growth of Global Premium Niche Perfume Market 2023-2029. A detailed study accumulated to offer the Latest insights about acute features of the Premium Niche Perfume market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the…
North America Perfume Market Trends 2023, Segmented by Perfume Type, Category, D …
IMARC Group has recently released a new research study titled "North America Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Size, CAGR and Forecast: 2023-2028
The North America perfume market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to…
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…
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…
