Press release
Rising Millennial Population Fuels Growth In The Perfume Market Driver: Leading Transformation in the Perfumes Market in 2025
Perfumes
The projection of the perfume market is looked upon to be positively influenced by a substantial increase in the millennial population. Cosmetics are bought more by young individuals since they place great value in upgrading their appearances and way of living. An ESW global voices poll suggested that in 2023, the intention of over a quarter of millennials was to increase their online spending specifically in areas such as health and beauty, luxury, clothing and shoes, and consumer electronics. As we look to 2025, it is anticipated that about 75% of the global workforce will be made up of millennials. Given their huge representation and economic influence, millennials' preferences and buying patterns will heavily impact the trajectory of the perfume market.
Get Your Perfumes Market Report Here:
https://www.thebusinessresearchcompany.com/report/perfumes-global-market-report
What is the projected compound annual growth rate (CAGR) of the perfumes market from 2025 to 2034, and what factors influence it?
Recent years have seen a quick expansion of the perfume market. Starting from $96.33 billion in 2024, it is expected to rise to $110.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.9%. Factors such as vigorous marketing and promotional initiatives, robust economic development in burgeoning markets, and an increase in expendable income have contributed to the growth in the historical period.
The size of the perfumes market is predicted to experience swift expansion over the forthcoming years, reaching a value of $187.74 billion in 2029, with a consistent annual growth rate (CAGR) of 14.1%. The reasons behind this growth during the forecast period include the increasing global population, urbanization, and the fast-paced development of e-commerce. Key trends anticipated during this period include the creation of new technologies, the application of artificial intelligence in perfume manufacturing, launching new products, a focus on heightened mergers and acquisitions, and the formulation of tailored perfumes.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2651&type=smp
What are the most significant trends transforming the perfumes market today?
The perfume market is experiencing an increasing inclination from consumers towards organic scents. Kari Gran conducted a survey which showed that 75 percent of millennial women have a preference for purchasing naturally sourced products, with 44 percent particularly keen on perfumes made from naturals. Due to concerns over allergies and toxins associated with synthetic ingredients, perfume manufacturers are now prioritizing the exploration and development of natural scents. IME Natural Perfumes, for example, are crafted wholly from natural components and have been certified free of toxins.
What are the major segments of the perfumes market and their role in driving growth?
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
Subsegments:
1) By Mass: Designer Mass Fragrances, Celebrity-Endorsed Mass Fragrances, Drugstore and Value Brand Fragrances
2) By Premium: Luxury Fragrances, Niche and Artisan Fragrances, High-End Designer Fragrances
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2651
Which regions are key players in the growth of the perfumes market?
Asia-Pacific was the largest region in the perfumes market in 2024. Western Europe was the second-largest region in the global perfumes market. The regions covered in the perfumes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the perfumes market?
Major companies operating in the perfumes market include 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, Ningbo Equator Import & Export Co., Ltd., Guangzhou Phero Perfume Co., Ltd., Shandong Yingyang Flavors & Fragrances Co. Ltd, Firmenich SA, 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, 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
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=2651&type=smp
What Is Covered In The Perfumes Global Market Report?
• Market Size Forecast: Examine the perfumes market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the perfumes market for a structured understanding.
• Key Players Overview: Analyze major players in the perfumes market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the perfumes market.
• Segment Contributions: Evaluate how different segments drive overall growth in the perfumes market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the perfumes market.
• Industry Challenges: Identify potential risks and obstacles affecting the perfumes market.
• Competitive Landscape: Review strategic developments in the perfumes market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Rising Millennial Population Fuels Growth In The Perfume Market Driver: Leading Transformation in the Perfumes Market in 2025 here
News-ID: 3904155 • Views: …
More Releases from The Business Research Company
Rail Transit Protective Coating Market Overview: Major Segments, Strategic Devel …
The rail transit protective coating sector is positioned for significant expansion in the coming years, driven by technological advancements and increasing infrastructure investments. This market is evolving rapidly as stakeholders prioritize durability, sustainability, and efficiency in rail transit systems. Let's explore the market's valuation projections, leading companies, emerging trends, and detailed segment analysis to get a clearer understanding of its future trajectory.
Expected Market Size and Growth Outlook for Rail Transit…
Analysis of Segments and Major Growth Areas in the Product Implementation Servic …
The product implementation services sector is on the verge of significant expansion, driven by evolving technology needs and increasing enterprise adoption of sophisticated systems. Understanding the current market size, key contributors, emerging trends, and segment breakdowns offers valuable insights into what lies ahead for this dynamic industry.
Market Size and Expected Growth Trajectory in the Product Implementation Services Market
The product implementation services market is projected to experience strong growth…
Key Strategic Developments and Emerging Changes Shaping the Polyvinylidene Fluor …
The polyvinylidene fluoride (PVDF) resin market is on track for significant expansion over the coming years. Driven by various technological advances and rising demands across multiple industries, this sector is expected to evolve rapidly. Let's explore the anticipated market growth, influential players, key trends, and detailed segmentation shaping the future of PVDF resin.
Projected Growth and Market Size of the Polyvinylidene Fluoride Resin Market
The PVDF resin market is forecasted…
Leading Companies Fueling Innovation and Growth in the Partyline Intercom System …
The partyline intercom systems market is gearing up for significant expansion as communication needs evolve across various industries. With increasing demand for more versatile and efficient communication tools, this sector is set to witness rapid advancements and growing adoption over the coming years. Let's explore the market size projections, key drivers, major players, emerging trends, and important segments shaping this dynamic industry.
Projected Market Size and Growth Trajectory of the Partyline…
More Releases for Perfume
How to Get Customized Perfume Bottles from Brightglassware, Your Perfume Bottle …
In the highly competitive fragrance market, packaging is far more than a container-it is a key expression of brand identity, luxury positioning, and consumer experience. For global perfume brands, startups, and private label owners, sourcing customized perfume bottles from China has become a strategic choice due to advanced manufacturing capabilities, design flexibility, and cost efficiency. Among trusted suppliers, Bright Glassware stands out as a reliable partner. As a Perfume Bottle…
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…
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…
