Global Perfume and Fragrances Market Size, Share and Trends Analysis Report, By Type (Eau De Parfum, Eau De Toilette, Eau De Cologne, Eau Fraiche, and Others), By Application (Men, Women, and Unisex), and By Distribution Channel (Online and Offline) Forecast Period (2022-2028)

The global Perfume and Fragrances market is anticipated to grow at a CAGR of 5.3 % during the forecast period (2022-2028). Perfumes are composed of fragrances or essential oils that produce a pleasant odor. Some of the most common natural ingredients used in the production of perfumes are spices, woods, flowers, grasses, fruits, resins, leaves, roots, balsams, gums, and animal secretions. The increased use of premium products and constantly changing fashion trends are expected to contribute to the market’s growth during the forecast period. The growing number of hypermarkets, supermarkets, clubhouse stores, convenience stores, and department stores is aiding in the growth of the perfume and fragrances market over the forecast period.

Increased consumer spending on luxury fragrances coupled with rising income levels and rising standards of living, is expected to accelerate the market growth across the globe.  The factors such as rise in the trend of personal grooming, rapid urbanisation, rising population are propelling the perfume and fragrances market forward. Furthermore, The rising consumer preference for online shopping and rising investments in product customization are pushing players to expand and develop their products which is further expected to fuel market growth during the forecast period.

The Asia-Pacific region is expected to hold the considerable share in the perfume and fragrances market during the forecast period due to the growing young population, growing working population, and increasing high disposable income across the region. The North American region is expected to hold the remarkable share in the market due to increased demand for premium products and high economic growth in the region.

Some major players in the market include Elizabeth Arden, L’Oreal, Shiseido, IFF, Chanel, Estee Lauder, Avon, Vivenza, Royal Beauty Group, AlQuraishi Fragrances, and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Naso Profumi launched a genderless fragrance, Sarawak Mazzo (Rs 6,000 for 50ml). It uses a blend of Malaysian Oud as its base.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Elizabeth Arden, L’Oreal, Shiseido, IFF, Chanel, Estee Lauder, Avon, Vivenza, Royal Beauty Group, AlQuraishi Fragrances, and

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Perfume and Fragrances Market Report by Segment

By Type

• Eau De Parfum
• Eau De Toilette
• Eau De Cologne
• Eau Fraiche
• Others

By Application

• Men
• Women
• Unisex

By Distribution Channel

• Online
• Offline

Global Perfume and Fragrances Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa