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Fragrances and Perfumes Market - Growth, Trends, and Forecast (2020 - 2025)
Global Fragrances and Perfumes Market is Segmented by Product type (Parfum or de parfum, Eau de Parfum, Eau de Toilette, Eau de Cologne, and other Product Types); by Consumer Group (Men, Women, and Unisex); by Distribution Channel (Online Retail Stores and Offline Retails Stores); and by Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2025
Base Year:
2019
Fastest Growing Market:
South America
Largest Market:
Europe
CAGR:
5.5 %
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Market Overview
Global fragrances and perfumes market is projected to grow at a CAGR of 5.5% during the forecast period, 2020 - 2025.
- Key players in the market studied are focusing on developing natural fragrances, primarily due to the rising concerns regarding an issue related to synthetic fragrances, such as allergies and toxins.
- For instance, LUXE brand is positioning itself as a natural fragrance brand and is collaborating with celebrities for product endorsement. Increasing consumer expenditure on personal care products and rising awareness regarding the therapeutic benefits associated with fragrance are driving the market’s growth.
- The growing popularity of perfumes and increasing demand for higher fragrance concentration are driving the sales of parfums (pure perfume), which have 15% to 40% fragrance concentration.
Scope of the Report
Fragrances and perfumes have improved the grooming habits of individuals and have become important products of day-to-day life. Perfume and fragrance products are used to relieve unpleasant body smell produced due to sweating. The market studied is segmented by product type into Parfum or de parfum, Eau de Parfum, Eau de Toilette, Eau de Cologne, and other product types. By consumer group the market is available as men, women and unisex. By distribution channel, the market is segmented as online retail stores and offline retails stores. The market is also segmented by Geography into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
| By Product Type | |
| Parfum or de Parfum | |
| Eau de Parfum (EDP) | |
| Eau de Toilette (EDT) | |
| Eau de Cologne (EDC) | |
| Other Product Types |
| By Consumer Group | |
| Men | |
| Women | |
| Unisex |
| By Distribution Channel | |
| Offline Retail Stores | |
| Online Retail Stores |
| By Geography | |||||||||
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Key Market Trends
Increasing Expenditure on Advertisement and Promotion
R&D and advertisements are driving the growth of the market studied. Key players are investing in key factors, in order to influence the consumer purchase decisions. The rising influence of social media and celebrity endorsement is impacting the advertisement strategies adopted by key market players. For instance, L’Oréal developed a tool known as the dubbed cockpit, which measures the ROI and productivity of its media investments in real-time. This enables better decision-making while formulating performance strategies. In 2017, L’Oreal spent USD 9.16 billion on the advertisement and promotional activities, an increase of 4.91%, during the period between 2014 to 2017.
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Asia Pacific has the Largest Market Revenue
With increasing disposable income, more local consumers are opting to use quality products, especially young consumers, which are increasingly crucial for improved consumption. This shows a shift from mass to premium fragrances. Perfumes and fragrances play a significant role in the growth of luxury brands, especially in China. The market is driven by emerging middle-class consumers and millennials who pursue high-end lifestyles. Premium women's perfume sector is projected to grow in the forecasted period. With the introduction of perfumes with synthetic ingredients, other products (such as attars) are facing tough competition. This synthetic perfumes segment takes over a major market share.
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Competitive Landscape
The fragrances and perfumes market is a highly fragmented and comprises of international and regional competitors. Coty Inc., L’Oreal, LVMH, and Estée Lauder dominate the market with the help of major strategies, including acquisitions, expansions, and product launches. The rest of the market is occupied by small players, who are specific in manufacturing various personal care and cosmetics products. Companies compete on different factors, including product offerings, price, ingredients, and marketing activities, in order to gain a competitive advantage in the market. Key players are focussing on the online distribution channels for the online marketing and branding of their products to attract more customers. Some of the other prominent players in the market are Shiseido Co., Ltd, Revlon Inc., Chanel SA, Hermès International SA, and Avon Products Inc.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Parfum or de Parfum
5.1.2 Eau de Parfum (EDP)
5.1.3 Eau de Toilette (EDT)
5.1.4 Eau de Cologne (EDC)
5.1.5 Other Product Types
5.2 By Consumer Group
5.2.1 Men
5.2.2 Women
5.2.3 Unisex
5.3 By Distribution Channel
5.3.1 Offline Retail Stores
5.3.2 Online Retail Stores
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 Spain
5.4.2.4 France
5.4.2.5 Italy
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Dolce & Gabbana Luxembourg SARL
6.4.2 Burberry Group PLC
6.4.3 PVH Corp
6.4.4 Chanel SA
6.4.5 Coty Inc.
6.4.6 Guccio Gucci SpA
6.4.7 The Estee Lauder Companies Inc
6.4.8 LVMH Moet Hennessy
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
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