Europe Fragrance and Perfume Market Size- By Product Type, By Consumer Group, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Europe Fragrance and Perfume Market Introduction and Overview
According to SPER market research, ‘Europe Fragrance and Perfume Market Size By Product Type, By Consumer Group, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Fragrance and Perfume Market is predicted to reach USD 23.98 billion by 2033 with a CAGR of XX%.
Perfume and fragrance are essential components of sensory experiences, self-expression, and personal grooming. They include a broad variety of scented products whose aromas are intended to arouse particular feelings, memories, or moods. Fragrances are made up of a variety of substances, such as synthetic molecules produced in laboratories and natural essences taken from fruits, flowers, woods, and spices. While colognes and body sprays have lower fragrance oil concentrations for lighter applications, perfumes, which usually have larger concentrations, give longer-lasting fragrances.
The COVID-19 epidemic has brought up opportunities and challenges for the European fragrance and perfume business. An important shift in consumer behavior was brought about by lockdowns, social distancing tactics, and uncertain economic conditions. Sales of high-end perfumes and scents decreased as a result of many consumers cutting back on their discretionary spending. Sales were further harmed by the closure of physical retail locations, such as upscale department stores and boutiques selling specialized fragrances, and a drop in foot traffic.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product Type, By Consumer Group, By Distribution Channel
Regions covered Germany, France, Italy, Spain, UK, Rest of Europe
Companies CoveredBASF SE, Corbion N.V, European Flavours & Fragrances PLC, Firmenich SA, Givaudan, International Flavors & Fragrances Inc, Kerry Group PLC, Nactarome SP, Sensient Technologies Corporation, Symrise AG,Others
Europe Perfume and Fragrance Market Key Segments CoveredBy Product Type:Based on the Product Type, Europe Fragrance and Perfume Market is segmented as; Parfum or De parfum, Eau De Parfum, Eau De Toilette, Eau De Cologne, Others.
By Consumer Group: Based on the Consumer Group, Europe Fragrance and Perfume Market is segmented as; Men, Women, Unisex.
By Distribution Channel:Based on the Distribution Channel, Europe Fragrance and Perfume Market is segmented as; Online Retail Stores, Offline Retail Stores.