Perfumes Market to Grow at CAGR of 5.9% in Terms of Revenue By 2026
Increasing demand for perfumes from the millennial population is likely to boost the growth of the global perfumes market during the forecast period. Other factors fuelling demand for perfumes are increasing online retail penetration, product push strategy by key global players, and increasing consumer spending on luxury grooming.
The global perfumes market is segmented based on product type, demographics, distribution channel, ingredient type, and region.
Perfumes Market Report Overview@ https://www.futuremarketinsights.com/reports/global-fragrances-market
Based on product type, the market is sub-segmented into Eau de Parfum, Eau de Toilette, Eau de Cologne, and Eau Fraiche. Among all the product type segments, the Eau Fraiche segment is expected to account for the highest market share followed by the Eau de Toilette segment. The Eau Fraiche segment is expected to register a significant CAGR of 7.9% during the forecast period in terms of value. The Eau de Cologne segment is projected to register the second highest CAGR of 7.0% over the forecast period.
To provide in-depth insights on the pattern of demand for perfumes, the market is segmented on the basis of demographics into Men’s Perfume, Women’s Perfume, and Unisex Perfume. The Unisex Perfume segment is projected to grow at a significant value CAGR over the forecast period. The Women’s Perfume segment is expected to witness Y-o-Y growth rates ranging from 4.0% to 5.2% over 2015–2026.
The market has also been segmented by distribution channel into Online Retail and Physical Retail. The Online Retail segment is anticipated to be the most attractive segment in terms of CAGR over the forecast period. The Physical Retail segment is anticipated to account for a significant market share of 80.5% by the end of 2016.
Request to View Table of Contents@ https://www.futuremarketinsights.com/reports/global-fragrances-market/toc
On the basis of ingredients used, the global perfumes market is segmented into Natural and Synthetic. The Natural segment is expected to witness Y-o-Y growth rates ranging from 5.5% to 6.5% over 2015–2026. The growing concern among consumers regarding use of chemicals in perfumes has forced manufacturers to shift from synthetic to natural ingredients, which will boost the growth of the Natural segment.
The global perfumes market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa. The Western Europe market is estimated to dominate the global perfumes market, accounting for a maximum revenue share of the market by 2016 end. Collectively, Europe and North America markets are expected to account for over 50.8% revenue share of the global perfumes market by 2016 end. Among emerging markets, Asia Pacific excluding Japan is estimated to exhibit a significant CAGR of 10.2% over the forecast period, followed by the Middle East & Africa and Latin America markets, due to recent expansion by key players in these regions.
The report profiles some of the leading companies operating in the global perfumes market. Top market players featured in the report are Estee Lauder Companies Inc., LVMH, Coty Inc., L’Oreal International, Elizabeth Arden Inc., Shiseido Co. Ltd., Puig, Perfumania Holdings Inc., Avon Products Inc., and Hermes. A key trend defining the global perfumes market is that larger players are focussing on enhancing their geographical presence and expanding their customer base by entering into strategic brand acquisitions. Product innovation such as travel sprays and rollerballs, celebrity and youth oriented perfumes, and increasing demand for premium perfumes are the other key trends driving the perfumes market. Furthermore, perfume manufacturers are also increasingly investing in digital platforms and e-commerce sites to keep pace with the ever-changing consumer behaviour.
A Sample Report is Available Upon Request@ https://www.futuremarketinsights.com/reports/sample/rep-gb-202
About Us –
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Perfumes Market to Grow at CAGR of 5.9% in Terms of Revenue By 2026 here
News-ID: 709975 • Views: 208
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Perfume
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,
Perfume Packaging Market - Lucrative Opportunities Across Globe
Attractive packaging acts as a stimulating attribute for perfume industry. Perfumes are now available with low concentration of fragrance oils such as eau de cologne and eau fraiche, aiming to increase the number of consumers who use perfumes on a daily basis. Thus, there is an increase in frequency of perfume use, which in turn is expected to create huge demand for perfume packaging in the coming years. Nowadays, younger
Global Perfume Industry Market Research Report 2017
Summary The Global Perfume Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Perfume industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Perfume market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing
Asia-Pacific Perfume Packaging Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Asia-Pacific Perfume Packaging Market Report 2017" Description In this report, the Asia-Pacific Perfume Packaging market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth
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