Global Fragrances and Perfumes Market Growth 2023-2029

Global Fragrances and Perfumes Market Growth 2023-2029

Perfumes and Fragrances are mixture of fragrant essential oils or aroma compounds, fixatives and solvents used to give the human body, animals, food, objects, and living spaces "a pleasant scent."

LPI (LP Information)' newest research report, the “Fragrances and Perfumes Industry Forecast” looks at past sales and reviews total world Fragrances and Perfumes sales in 2022, providing a comprehensive analysis by region and market sector of projected Fragrances and Perfumes sales for 2023 through 2029. With Fragrances and Perfumes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fragrances and Perfumes industry.

This Insight Report provides a comprehensive analysis of the global Fragrances and Perfumes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fragrances and Perfumes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fragrances and Perfumes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fragrances and Perfumes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fragrances and Perfumes.

The global Fragrances and Perfumes market size is projected to grow from US$ 41150 million in 2022 to US$ 52460 million in 2029; it is expected to grow at a CAGR of 52460 from 2023 to 2029.

Custom-made and natural and eco-friendly perfumes are some of the most recent trends in the global fragrance and perfume market. Increase in population especially young population, changing lifestyle, and growing awareness of beauty care products are some of the key factors driving the global fragrance and perfume market. With increase in population there is increasing consumer expenditure on personal and beauty care products. Hence, the global fragrance and perfume market is growing rapidly. Fragrance and perfume providers are becoming more innovative and offering better products at reasonable prices. This is expected to increase the penetration rate of perfumes over the forecast period. The popularity of various premium brands is increasing rapidly among consumers. Increasing customer spending on luxury products due to the increasing disposable income is boosting the growth of the global fragrance and perfume market. Furthermore, usage of scented products for the home is expected to provide a growth opportunity for the global fragrance and perfume market in future. Nonetheless, the usage of chemical materials which may have some side effects and fake cosmetics and toiletry products are expected to hinder the growth of the global fragrance and perfume market during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Fragrances and Perfumes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Eau De Toilette
Parfum
Solid Perfume

Segmentation by application
Online
Retails

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Achovin
GF
Herborist
VIVE
Parizino
Loreal
Coty
CHANEL
AVON
LVMH
Estée Lauder
Puig
Procter & Gamble
Elizabeth Arden
Interparfums
Shiseido
Amore Pacific
ICR Spa
Saint Melin

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fragrances and Perfumes market?

What factors are driving Fragrances and Perfumes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fragrances and Perfumes market opportunities vary by end market size?

How does Fragrances and Perfumes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.