Perfume Market In India 2023-2027
Technavio has been monitoring the perfume market in India and is forecast to grow by USD 1328.31 mn during 2022-2027, accelerating at a CAGR of 15.23% during the forecast period. Our report on the perfume market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from the millennial population, influential endorsements from celebrities and social media, and replenishing personal grooming.
Technavio's perfume market is segmented as below:
By Distribution Channel
By End-user
This study identifies the high adoption of natural, customized, and unisex perfumes as one of the prime reasons driving the perfume market growth during the next few years. Also, improving living standards driving demand for perfumes and innovative packaging and creatively shaped premium perfume bottles to attract customers will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the perfume market covers the following areas:
- Perfume market sizing
- Perfume market forecast
- Perfume market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading perfume market vendors that include A. A. Attarwala and Co. Pvt. Ltd., ALL GOOD SCENTS, Armaf India, Beiersdorf AG, CavinKare Pvt. Ltd., Emami Ltd., Fragrances Of India, Hindustan Unilever Ltd., Industria de Diseno Textil SA, ITC Ltd., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Marico Ltd., McNROE Consumer Products Pvt. Ltd., Natura and Co Holding SA, Oriental Aromatics Ltd., Symrise AG, The Estee Lauder Co. Inc., Toyota Industries Corp., and Vanesa Cosmetics Pvt. Ltd.. Also, the perfume market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.