Global Perfume Market Report and Forecast 2024-2032

Global Perfume Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global perfume market is projected to grow at a CAGR of 5.5% between 2024 and 2032 reaching a value of approximate USD 75.87 billion by 2032.. Aided by the evolving consumer preferences, the rising influence of global fashion trends, and increasing demand for luxury and niche fragrances, the market is expected to grow significantly by 2032.

Perfume, a fragrant concoction of essential oils, aroma compounds, and solvents, serves not merely as a scent enhancer but as a medium for self-expression and identity assertion. It has historically been interwoven with culture, prestige, and luxury. The modern perfume industry offers a vast spectrum ranging from mass-market fragrances to opulent niche and artisanal scents. Their applications, while predominantly personal, have branched out into industries such as hospitality, automotive, and even fashion.

The global fashion and influencer culture have markedly stimulated the perfume market growth trajectory. The appeal of associating with a celebrity or luxury brand's image, combined with the lure of exclusivity and premium quality, has driven sales upward. In tandem, the rise of social media has engendered influential beauty and lifestyle influencers who continually shape and shift consumer preferences, thereby playing a pivotal role in product launches and market trends.

Apart from the allure of luxury and branding, there has been a pronounced tilt towards personalisation and exclusivity. The emerging trend of bespoke fragrances, where individuals can craft a unique scent that resonates with their persona, has gained traction, especially among the affluent demographic. This tailor-made approach enhances customer engagement, satisfaction, and brand loyalty, further fuelling the perfume market demand.

Parallelly, the sustainable and ethical consumer movement has impacted the perfume industry profoundly. The heightened demand for cruelty-free, vegan, and sustainably sourced fragrances mirrors the broader global shift towards conscious consumerism. As per the perfume market analysis, brands are increasingly incorporating ethically-sourced ingredients and eco-friendly packaging solutions, thereby diversifying the market offerings and attracting a broader consumer base.

Moreover, the market has witnessed an influx of region-specific and culturally-inspired fragrances. As consumers globally become more adventurous and keen on exploring new olfactory experiences, perfumers have delved into creating scents that echo the essences of specific geographies, traditions, and memories. This movement towards capturing global aromas in a bottle has not only added diversity to product lines but has also catered to the nostalgia of the diaspora populations.

Market Segmentation

The market can be divided based on type, product, end-user, distribution channel, and region.

Market Breakup by Type
  • Parfum
  • Eau De Cologne (EDC)
  • Eau De Parfum (EDP)
  • Eau De Toilette (EDT)
  • Others
Market Breakup by Product
  • Premium Product
  • Mass Product
Market Breakup by End-User
  • Men
  • Women
Market Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global perfume market. Some of the major players explored in the report by Expert Market Research are as follows:
  • LVMH Moët Hennessy - Louis Vuitton
  • The Estée Lauder Companies Inc
  • L'Oréal S.A.
  • Shiseido Co.,Ltd.
  • Beiersdorf AG
  • Amorepacific Corporation
  • Calvin Klein Inc.
  • Guccio Gucci S.p.A.
  • Giorgio Armani S.p.A.
  • Coty Inc.
  • Yardley London
  • Revlon Consumer Products Corporation
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Perfume Market Analysis
8.1 Key Industry Highlights
8.2 Global Perfume Historical Market (2018-2023)
8.3 Global Perfume Market Forecast (2024-2032)
8.4 Global Perfume Market by Type
8.4.1 Parfum
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Eau De Cologne (EDC)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Eau De Parfum (EDP)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Eau De Toilette (EDT)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Perfume Market by Product
8.5.1 Premium Product
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Mass Product
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Perfume Market by End-User
8.6.1 Men
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Women
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Perfume Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Specialty Stores
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.8 Global Perfume Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Perfume Market Analysis
9.1 Market by Product
9.2 Market by End User
9.3 Market by Distribution Channel
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Canada
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
10 Europe Perfume Market Analysis
10.1 Market by Product
10.2 Market by End User
10.3 Market by Distribution Channel
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2023)
10.4.1.3 Forecast Trend (2024-2032)
10.4.2 Germany
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2023)
10.4.2.3 Forecast Trend (2024-2032)
10.4.3 France
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2023)
10.4.3.3 Forecast Trend (2024-2032)
10.4.4 Italy
10.4.4.1 Market Share
10.4.4.2 Historical Trend (2018-2023)
10.4.4.3 Forecast Trend (2024-2032)
10.4.5 Others
11 Asia Pacific Perfume Market Analysis
11.1 Market by Product
11.2 Market by End User
11.3 Market by Distribution Channel
11.4 Market by Country
11.4.1 China
11.4.1.1 Market Share
11.4.1.2 Historical Trend (2018-2023)
11.4.1.3 Forecast Trend (2024-2032)
11.4.2 Japan
11.4.2.1 Market Share
11.4.2.2 Historical Trend (2018-2023)
11.4.2.3 Forecast Trend (2024-2032)
11.4.3 India
11.4.3.1 Market Share
11.4.3.2 Historical Trend (2018-2023)
11.4.3.3 Forecast Trend (2024-2032)
11.4.4 ASEAN
11.4.4.1 Market Share
11.4.4.2 Historical Trend (2018-2023)
11.4.4.3 Forecast Trend (2024-2032)
11.4.5 South Korea
11.4.5.1 Market Share
11.4.5.2 Historical Trend (2018-2023)
11.4.5.3 Forecast Trend (2024-2032)
11.4.6 Australia
11.4.6.1 Market Share
11.4.6.2 Historical Trend (2018-2023)
11.4.6.3 Forecast Trend (2024-2032)
11.4.7 Others
12 Latin America Perfume Market Analysis
12.1 Market by Product
12.2 Market by End User
12.3 Market by Distribution Channel
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Market Share
12.4.1.2 Historical Trend (2018-2023)
12.4.1.3 Forecast Trend (2024-2032)
12.4.2 Argentina
12.4.2.1 Market Share
12.4.2.2 Historical Trend (2018-2023)
12.4.2.3 Forecast Trend (2024-2032)
12.4.3 Mexico
12.4.3.1 Market Share
12.4.3.2 Historical Trend (2018-2023)
12.4.3.3 Forecast Trend (2024-2032)
12.4.4 Others
13 Middle East and Africa Perfume Market Analysis
13.1 Market by Product
13.2 Market by End User
13.3 Market by Distribution Channel
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Market Share
13.4.1.2 Historical Trend (2018-2023)
13.4.1.3 Forecast Trend (2024-2032)
13.4.2 United Arab Emirates
13.4.2.1 Market Share
13.4.2.2 Historical Trend (2018-2023)
13.4.2.3 Forecast Trend (2024-2032)
13.4.3 Nigeria
13.4.3.1 Market Share
13.4.3.2 Historical Trend (2018-2023)
13.4.3.3 Forecast Trend (2024-2032)
13.4.4 South Africa
13.4.4.1 Market Share
13.4.4.2 Historical Trend (2018-2023)
13.4.4.3 Forecast Trend (2024-2032)
13.4.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Exporting Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 LVMH Moët Hennessy - Louis Vuitton
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 The Estée Lauder Companies Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 L'Oréal S.A.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shiseido Co.,Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Beiersdorf AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Amorepacific Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Calvin Klein Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Guccio Gucci S.p.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Giorgio Armani S.p.A.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Coty Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Yardley London
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Revlon Consumer Products Corporation
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Perfume Market: Key Industry Highlights, 2018 and 2032
2. Global Perfume Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Perfume Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Perfume Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Perfume Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Perfume Historical Market: Breakup by End User (USD Million), 2018-2023
7. Global Perfume Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Global Perfume Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Perfume Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Perfume Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Perfume Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Perfume Market Structure

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