South Korea Fragrances and Perfume Market Report and Forecast 2024-2032

South Korea Fragrances and Perfume Market Report and Forecast 2024-2032



Market Outlook

According to the report by Expert Market Research (EMR), the South Korea fragrances and perfume market is expected to grow at a CAGR of 6.5% between 2024 and 2032. Aided by the increasing consumer spending on personal grooming and the growing significance of fragrances in the fashion industry, the market is expected to grow significantly by 2032.

Fragrances and perfumes have been an essential part of human culture and personal grooming for centuries. Besides being a valuable cosmetic product, they also serve as a critical component in expressing individual style and personality. In recent years, the rising consumer preference for distinctive and unique fragrances has been a primary driver of the South Korea fragrances and perfume market growth.

With the growing awareness of personal grooming and appearance, there has been a significant shift towards the usage of fragrances, leading to a surge in demand for fragrances and perfume-based products. Moreover, the increasing trend of fashionable lifestyle and the emphasis on personal branding have further contributed to the popularity of fragrances and perfumes.

The expanding applications of fragrances and perfumes in various sectors, including cosmetics, home care, and personal care products, also play a significant role in propelling the South Korea fragrances and perfume market development. For instance, in the cosmetics industry, fragrances are used to add a pleasing aroma to a wide array of products such as lotions, creams, and soaps. Additionally, in the home care industry, fragrances are employed to create a fresh and clean atmosphere in homes and offices, which has led to a rise in their demand.

Innovative marketing strategies employed by fragrance and perfume manufacturers, coupled with the endorsements by celebrities and influencers, are also bolstering the South Korea fragrances and perfume market demand. Brands are leveraging social media platforms to reach out to a broad customer base, influencing consumers' buying behaviour positively.

Furthermore, the growing demand for natural and organic fragrances and the rising trend of personalisation in perfumes are creating lucrative opportunities for the South Korea fragrances and perfume market expansion. With the increase in health consciousness and the shift towards environmentally friendly products, consumers are favouring fragrances made from natural ingredients. On the other hand, the desire for unique and individual scents is fostering the trend of customised fragrances, where consumers can create their signature scents.

Market Segmentation

The market can be divided based on product, type, technology, consumer group, and distribution channel.

Market Breakup by Product
  • Parfum or Extrait
  • Eau de Parfum (EDP)
  • Eau de Toilette (EDT)
  • Others
Market Breakup by Type
  • Natural
  • Synthetic
Market Breakup by Consumer Group
  • Men
  • Women
  • Unisex
Market Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Store
  • Online
  • Others
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 South Korea fragrances and perfume market. Some of the major players explored in the report by Expert Market Research are as follows:
  • ELCA Korea Co., Ltd.
  • PUIG, S.L.
  • Gianni Versace S.r.l.
  • Burberry Limited
  • CHANEL
  • The Estée Lauder Companies Inc.
  • Christian Dior SE
  • Tom Ford International Llc
  • Bulgari S.p.A.
  • 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
7 Opportunities and Challenges in the Market
8 South Korea Fragrances and Perfume Market Overview
8.1 Key Industry Highlights
8.2 South Korea Fragrances and Perfume Historical Market (2018-2023)
8.3 South Korea Fragrances and Perfume Market Forecast (2024-2032)
9 South Korea Fragrances and Perfume Market by Product
9.1 Parfum or Extrait
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Eau de Parfum (EDP)
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
9.3 Eau de Toilette (EDT)
9.3.1 Market Share
9.3.2 Historical Trend (2018-2023)
9.3.3 Forecast Trend (2024-2032)
9.4 Others
10 South Korea Fragrances and Perfume Market by Type
10.1 Natural
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Synthetic
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
11 South Korea Fragrances and Perfume Market by Consumer Group
11.1 Men
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Women
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 Unisex
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
12 South Korea Fragrances and Perfume Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Convenience Store
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 3303)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ELCA Korea Co., Ltd.
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 PUIG, S.L.
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 Gianni Versace S.r.l.
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 Burberry Limited
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 CHANEL
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 The Estée Lauder Companies Inc.
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 Christian Dior SE
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 Tom Ford International Llc
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 Bulgari 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 Others
17 Key Trends and Developments in the Market
List of Key Figures and
Tables
1. South Korea Fragrances and Perfume Market: Key Industry Highlights, 2018 and 2032
2. South Korea Fragrances and Perfume Historical Market: Breakup by Product, 2018-2023
3. South Korea Fragrances and Perfume Market Forecast: Breakup by Product, 2024-2032
4. South Korea Fragrances and Perfume Historical Market: Breakup by Type, 2018-2023
5. South Korea Fragrances and Perfume Market Forecast: Breakup by Type, 2024-2032
6. South Korea Fragrances and Perfume Historical Market: Breakup by Consumer Group, 2018-2023
7. South Korea Fragrances and Perfume Market Forecast: Breakup by Consumer Group, 2024-2032
8. South Korea Fragrances and Perfume Historical Market: Breakup by Distribution Channel, 2018-2023
9. South Korea Fragrances and Perfume Market Forecast: Breakup by Distribution Channel, 2024-2032
10. South Korea Fragrances and Perfume Market Structure

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