Press release
Perfume Market Size, Share, Growth, Demand, Overview, Report, 2032 | Companies- L'Orรฉal S.A.( France), Unilever Plc (U.K.), Coty Inc. (U.S.)
Perfumes are pleasant smelling solutions made by using oils, fragrances, and other ingredients to create a pleasing aroma. Increasing demand for high-quality beauty and grooming products globally is expected to boost the market growth. Fortune Business Insightsโข provides this information in its report titled "Perfume Market, 2024-2032."
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/perfume-market-102273
๐๐ข๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ:
โถ L'Orรฉal S.A.(France)
โถ Unilever Plc (U.K.)
โถ Coty Inc. (U.S.)
โถ The Proctor and Gamble Co. (U.S.)
โถ The Estee Lauder Companies Inc. (U.S.)
โถ Natura & Co. (Brazil)
โถ Avon Products Inc. (U.S.)
โถ Puig SA (Spain)
โถ Revlon Inc. (U.S.)
โถ Chanel Limited (France)
โถ Shiseido Company Limited (Japan)
โถ Beiersdorf AG (Germany)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Perfume Segment to Lead Owing to its High Fragrance Concentration
Based on type, the market is segmented into perfume, eau de perfume, eau de cologne, eau de toilette, and eau fraiche. Among these, the perfume segment accounted for the largest market share in 2022 owing to its durability, high fragrance concentration, and high percentage of essential oils as compared to alternatives.
Mass Segment to Dominate Due to Economical Price
As per product, it is bifurcated into premium and mass. Among these, the mass segment led the market in 2022 stoked by surging demand across various regions and economical costs of products.
Women Segment to Hold Major Share Backed by Rising Spending Power on Cosmetics
According to end-user, it is classified into women and men. Among these, the women segment captured the largest global market share owing to surging demand for organic and sustainable fragrances from women for grooming purposes. Moreover, rising expenditure on cosmetics by women will further propel segment growth.
Online Segment to Capture Significant Share Owing to Launch of Various Online Shopping Platforms
By distribution channel, it is categorized into offline and online. Among these, the online segment captured a significant market share in 2022 due to rising consumer inclination toward online shopping. Moreover, the introduction of the online shopping platforms such as Amazon, Parfumdreams, Flipkart, and others is attracting customers to buy the required products online, thus boosting segment proliferation.
Regionally, the global market is fragmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Announcement of Innovative Solutions to Bolster Market Growth
Manufacturers focus on providing excellent and innovative fragrance solutions to consumers to enhance their experience. The incorporation of strong flavors and oils eliminates odors and boosts the scent's shelf-life. Companies launch different fragrance solutions utilizing artificial intelligence technology that satisfies the fragrance preferences of consumers. For example, SEPHORA, LVMH announced 'MAISON 21G' in April 2021. It is an innovative AI-powered solution aimed at satisfying consumer's fragrance preferences. Further, the adoption of online retail is likely to fuel product demand globally. Online retail offers consumers an enormous choice that shall satisfy their demand for aromatic fragrances and boost convenience. These factors are likely to drive the perfume market growth.
However, high research & development costs and uncertain consumer behavior may hinder market progress in the forecast period.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/perfume-market-102273
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Rising Demand for Premium Products to Foster Market Growth in North America
North America is projected to dominate the perfume market share due to rising demand for premium consumer products. Evolving consumer preferences and rising spending capacity are likely to boost the product demand. In addition, increasing the standard of living in Canada, Mexico, and the U.S. is expected to boost the market growth.
In Asia Pacific, increasing disposable income, young population, and rising awareness regarding the benefits of the product are likely to fuel the product demand. Additionally, rising demand for premium brands is expected to boost market progress.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Prominent Companies Incorporate Expansion Strategies to Expand their Market Reach
Several manufacturers globally aim to provide innovative products to consumers to satisfy their demand. For example, Givaudan introduced a creative scent technology named 'VivaScentz' in June 2020 to satisfy consumer demand for different scent categories.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
January 2023: The Estee Lauder Companies Inc. recently launched Beautiful Magnolia L'Eau, a new fragrance for women. The newly launched product will increase the company's product depth and enhance the profit margin.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ: https://www.fortunebusinessinsights.com/perfume-market-102273
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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