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Perfume Market Metrics Matrix: Segmentation, Outlook, and Overview in Market Dynamics | 2024-2030

Submitted by nandini123 on Wed, 10/23/2024 - 04:30

Perfume market was valued at USD 37.79 Billion in 2023, and it is expected to reach USD 51.43 Billion by 2030, exhibiting a CAGR of 4.5 % during the forecast period.

Perfume Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Perfume Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Perfume market, with forecasts outspreading to the year 2030.

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Perfume Market Scope and Methodology:

The Perfume market research offers in-depth details on important factors, such as those anticipated to fuel the industry's expansion and impending challenges. Stakeholders will have a solid understanding of the industry's competitive landscape, the products pushed by well-known brands, and the investment potential in the Perfume market. Both the qualitative and quantitative aspects of the industry are covered in the study. The MMR investigation's purview includes a thorough analysis of the competition for the Perfume Market.

Many additional requirements, each with a detailed reason, are included in the study. In order to build the Perfume Market, a wide range of primary and secondary sources of information were taken into consideration, including government documents, websites, yearly reports, and expert and professional opinions.

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Perfume Market Regional Insights:

The market size, growth rate, import and export by region, and other relevant statistics are all thoroughly analyzed in this study. The regional analysis of the research makes it easy to understand the Perfume market situations in different countries. The markets in Latin America, Africa, Asia Pacific, North America, and the Middle East make up the Perfume market.

Perfume Market Segmentation:

by Type

Eau De Parfum (EDP)
Parfum or De Parfum
Eau De Cologne (EDC)
Eau De Toilette (EDT)

Eau De Parfum (EDP), Parfum or De Parfum, Eau De Cologne (EDC), Eau De Toilette (EDT), and other varieties are the different segments of the perfume market. Throughout the projection period, the Eau De perfume category is anticipated to increase at the quickest rate. Perfume has the largest concentration of fragrance worldwide and contains a significant amount of essential oils in relation to the other categories. As a result, the eau de sector is showing the highest level of consumer demand, which is predicted to place it at the top of the market.

by Product

Mass Product
Premium Product

Due to large production from multiple manufacturers, the mass product segment accounted for the majority of the perfume market share in 2023. increasing the need for mass-produced goods, which in turn boosts sales. However, it is anticipated that the market would become less interested in mass-produced perfumes in the future due to customers' growing inclination toward expensive scents. This has caused producers to refocus on high-end goods, which has aided in the expansion of the worldwide perfume business.

by End-User

Men
Women
Unisex

The market for perfumes is divided into three segments: unisex, women, and men. Due to growing spending on cosmetics, beauty products, and personal care items, the women's segment is predicted to dominate the perfume market. In 2023, the women's sector held the highest proportion at 62.5%. The population of women is more likely to buy grooming products and sustainable fragrances, which increases the need for perfumes. As a result, the expansion of the perfume market is anticipated to be driven by the female sector.

by Distribution Channel

Online retail stores
Offline retail stores
Specialty stores
Supermarkets/Hypermarkets
Convenience stores
Others

Online and physical retail stores make up the two segments of the market. Supermarkets/hypermarkets, convenience stores, specialty shops, and other offline retail establishments make up the offline retail stores section.
The perfume market is expected to be dominated by the online retail segment because of consumers' increasing predisposition towards online shopping. The growing number of online retailers, including as Amazon, Flipkart, Parfumdreams, Myntra, and others, has made it more and more tempting for customers to purchase perfume items online.

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Perfume Market Key Players:

1. Gucci
2. Calvin Klein
3. Dolce & Gabbana
4. Burberry Group PLC
5. Givenchy
6. Chanel SA
7. Christian Dior
8. Versace
9. Hugo Boss
10.PVH Corp.
11.Jil Sander
12.Tom Ford
13.Macy’s
14.LVMH Moët Hennessy Louis Vuitton
15.Guerlain
16.Vera Wang
17.Jean-Paul Gautier
18.L'Oréal S.A.
19.Unilever Plc
20.Hermes International
21.Giorgio Armani Beauty
22.Coty Inc.
23.Proctor and Gamble Co.
24.Estee Lauder Companies Inc.
25.Natura Cosmeticos SA
26.Givaudan
27.Avon Products Inc.
28.Shiseido Company Limited

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Key questions answered in the Perfume Market are:

What is Perfume?
What was the Perfume market size in 2023?
What is the growth rate of the Perfume Market?
Which are the factors expected to drive the Perfume market growth?
What is the CAGR at which the Perfume market will grow during the forecast period?
What are the different segments of the Perfume Market?
Which is the fastest growing region in the Perfumemarket?
What growth strategies are the players considering to increase their presence in Perfume?
What are the upcoming opportunities and trends for the Perfume Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Perfume Market?
Who are the leading companies and what are their portfolios in Perfume Market?
What segments are covered in the Perfume Market?
Who are the key players in the Perfume market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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