Fragrance Market was valued at US$ 24.50 Bn. in 2022. Global Fragrance Market size is expected to grow at a CAGR of 9.17% through the forecast period.Fragrance Market Overview:
Fragrance is a mixture of essential oils or aroma compounds, fixatives, and solvents that is used to give the human body, animals, food, objects, and any living area a pleasant scent. Depending on the intended use, the fragrance business produces several kinds of perfume. It is customary to use body lotion, eau de toilette, and bath oils in the morning, followed by perfume in the afternoon. Compared to other scented goods, perfume may maintain its aroma for a longer period of time. The report explores the Fragrance Market's segments (Product, Distribution Channel, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Fragrance Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Fragrance Market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Impact of Covid-19 on Fragrance Market:
In addition to having a detrimental effect on the global industry for scents and perfumes, COVID-19 has also created chances for several private entrepreneurs to enter the market and meet the inflated demand. Additionally, COVID-19 has caused a significant shift in consumer behaviour since, in low-stock environments, consumers in developing nations are less brand loyal and more open to experimenting with new brands. According to L'Oréal, the closure of millions of points of sale (specialty shops, perfumeries, department stores, airport stores, etc.) had a significant impact on consumer demand for beauty and personal care products, including fragrance and perfume. This led to a real supply crisis rather than a demand one, with consumers temporarily unable to buy goods and services.Fragrance Market Dynamics:
Over the past few years, there have been significant product advancements in the perfume sector. Natural and renewable resources are increasingly being used. The availability of fragrances in convenient spray and rollerball forms, in addition to the traditional packaging techniques, is expected to boost the growth of the worldwide perfumes market throughout the course of the projected period. Deodorants and fragrances have effortlessly evolved into necessary daily personal care items, contributing significantly to personal grooming. Spending on personal care goods for better health hygiene rises in growing nations like China, India, Indonesia, Thailand, and Indonesia as consumers' disposable income rises. The demand for personal grooming goods is also driven by an increasing percentage of working women and awareness of cosmetic items. The market awareness of scent items has increased thanks to increased investment by FMCG businesses like P&G and Unilever on attractive packaging, advertising, and promotional activities. It is predicted that a key market driver will be the Distribution Channel development of fragrance items like sprays, candles, incense sticks, & gels in the domestic sector. Also, it is predicted that the market would grow as consumers shift their preferences toward aromatherapy. Increasing Expenditure on Advertisement and Promotion: The market is expanding due to R&D and advertising. To sway consumers' purchasing decisions, important players are investing on these factors. Additionally, the increasing importance of social media and celebrity endorsement is changing how major market participants approach their advertising campaigns. In order to increase sales of perfumes and fragrances, cosmetics and perfume businesses are increasingly integrating photos and videos to their websites. Some online cosmetics stores also give customers the option of having their scents and fragrances personalised. To draw customers to digital platforms, the major market participants are actively investing in advertising and promotion. Millennials' rising perfume consumption is anticipated to fuel market expansion: Growing online retail saturation, product-driven strategies by major global companies, accessibility of perfumes in a variety of price ranges, and rising consumer spending on personal and beauty care products are key factors anticipated to propel the growth of the global perfumes market over the course of the forecast period. However, a number of problems, including the availability of fake goods and the use of dangerous chemicals, are anticipated to restrain market expansion throughout the projection period. Customized fragrances and the use of renewable ingredients in perfume production are two trends that are increasingly popular on the worldwide perfume industry. In order to meet consumer demand for natural perfumes with microbiological bases, international perfume manufacturers are now offering this service.Fragrance Market Segment Analysis:
Based on Distribution channel, the online channels segment is projected to witness a CAGR of 7.2 percent from 2023 to 2029. The development of the industry is anticipated to be aided by the rising adoption of smartphones and high-speed internet during the forecast period. In addition, the field of online sales is being boosted by the hassle-free purchasing, availability of a broad choice of products, & simple delivery.
Fragrance Market Regional Insights:
North America region dominated the market with xx % share in 2022. Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period. Major manufacturers are launching new products to gain a competitive edge. According to their preferred smell, consumers are increasingly choosing skincare, haircare, deodorants, toiletries, makeup, perfumes, and oral cosmetics. Given that smell is one of the most essential factors consumers take into account when choosing cosmetics and toiletry items, fragrance compounds play a significant role in these goods' composition. Asia Pacific is the region with the strongest growth, with a CAGR of xx% between 2023 and 2029. To meet the growing demand for their products, many companies are introducing new ones in developing nations like India and China. The objective of the report is to present a comprehensive analysis of the Global Fragrance Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Fragrance Market dynamic, structure by analyzing the market segments and projecting the Fragrance Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Fragrance Market make the report investor’s guide.Fragrance Market Scope: Inquire before buying
Global Fragrance Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 24.50 Bn. Forecast Period 2023 to 2029 CAGR: 9.17% Market Size in 2029: US $ 45.29 Bn. Segments Covered: by Product Deodorants Perfumes by End-user Men Women Unisex by Distribution Channel Online Supermarkets Hypermarkets Fragrance Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Fragrance Market, Key Players are
1. L'Oréal S.A 2. Kering S.A. 3. CHANEL International B.V. 4. Unilever 5. LVMH Group 6. The Procter & Gamble Company 7. Givaudan 8. Revlon, Inc. 9. Firmenich International SA 10. Estee Lauder Companies Inc. 11. Giorgio Armani S.p.A. 12. Coty Inc. Frequently Asked Questions: 1] What segments are covered in the Global Fragrance Market report? Ans. The segments covered in the Fragrance Market report are based on Product, end-user and Distribution Channel. 2] Which region is expected to hold the highest share in the Global Fragrance Market? Ans. North America region is expected to hold the highest share in the Fragrance Market. 3] What is the market size of the Global Fragrance Market by 2029? Ans. The market size of the Fragrance Market by 2029 is expected to reach US$ 45.29 Bn. 4] What is the forecast period for the Global Fragrance Market? Ans. The forecast period for the Fragrance Market is 2023-2029. 5] What was the market size of the Global Fragrance Market in 2022? Ans. The market size of the Fragrance Market in 2022 was valued at US$ 24.50 Bn.
1. Fragrance Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Fragrance Market: Dynamics 2.1. Fragrance Market Trends by Region 2.1.1. North America Fragrance Market Trends 2.1.2. Europe Fragrance Market Trends 2.1.3. Asia Pacific Fragrance Market Trends 2.1.4. Middle East and Africa Fragrance Market Trends 2.1.5. South America Fragrance Market Trends 2.2. Fragrance Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Fragrance Market Drivers 2.2.1.2. North America Fragrance Market Restraints 2.2.1.3. North America Fragrance Market Opportunities 2.2.1.4. North America Fragrance Market Challenges 2.2.2. Europe 2.2.2.1. Europe Fragrance Market Drivers 2.2.2.2. Europe Fragrance Market Restraints 2.2.2.3. Europe Fragrance Market Opportunities 2.2.2.4. Europe Fragrance Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Fragrance Market Drivers 2.2.3.2. Asia Pacific Fragrance Market Restraints 2.2.3.3. Asia Pacific Fragrance Market Opportunities 2.2.3.4. Asia Pacific Fragrance Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Fragrance Market Drivers 2.2.4.2. Middle East and Africa Fragrance Market Restraints 2.2.4.3. Middle East and Africa Fragrance Market Opportunities 2.2.4.4. Middle East and Africa Fragrance Market Challenges 2.2.5. South America 2.2.5.1. South America Fragrance Market Drivers 2.2.5.2. South America Fragrance Market Restraints 2.2.5.3. South America Fragrance Market Opportunities 2.2.5.4. South America Fragrance Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Fragrance Industry 2.8. Analysis of Government Schemes and Initiatives For Fragrance Industry 2.9. Fragrance Market Trade Analysis 2.10. The Global Pandemic Impact on Fragrance Market 3. Fragrance Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Fragrance Market Size and Forecast, by Product (2022-2029) 3.1.1. Deodorants 3.1.2. Perfumes 3.2. Fragrance Market Size and Forecast, by End-user (2022-2029) 3.2.1. Men 3.2.2. Women 3.2.3. Unisex 3.3. Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 3.3.1. Online 3.3.2. Supermarkets 3.3.3. Hypermarkets 3.4. Fragrance Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Fragrance Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Fragrance Market Size and Forecast, by Product (2022-2029) 4.1.1. Deodorants 4.1.2. Perfumes 4.2. North America Fragrance Market Size and Forecast, by End-user (2022-2029) 4.2.1. Men 4.2.2. Women 4.2.3. Unisex 4.3. North America Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 4.3.1. Online 4.3.2. Supermarkets 4.3.3. Hypermarkets 4.4. North America Fragrance Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Fragrance Market Size and Forecast, by Product (2022-2029) 4.4.1.1.1. Deodorants 4.4.1.1.2. Perfumes 4.4.1.2. United States Fragrance Market Size and Forecast, by End-user (2022-2029) 4.4.1.2.1. Men 4.4.1.2.2. Women 4.4.1.2.3. Unisex 4.4.1.3. United States Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.1.3.1. Online 4.4.1.3.2. Supermarkets 4.4.1.3.3. Hypermarkets 4.4.2. Canada 4.4.2.1. Canada Fragrance Market Size and Forecast, by Product (2022-2029) 4.4.2.1.1. Deodorants 4.4.2.1.2. Perfumes 4.4.2.2. Canada Fragrance Market Size and Forecast, by End-user (2022-2029) 4.4.2.2.1. Men 4.4.2.2.2. Women 4.4.2.2.3. Unisex 4.4.2.3. Canada Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.2.3.1. Online 4.4.2.3.2. Supermarkets 4.4.2.3.3. Hypermarkets 4.4.3. Mexico 4.4.3.1. Mexico Fragrance Market Size and Forecast, by Product (2022-2029) 4.4.3.1.1. Deodorants 4.4.3.1.2. Perfumes 4.4.3.2. Mexico Fragrance Market Size and Forecast, by End-user (2022-2029) 4.4.3.2.1. Men 4.4.3.2.2. Women 4.4.3.2.3. Unisex 4.4.3.3. Mexico Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 4.4.3.3.1. Online 4.4.3.3.2. Supermarkets 4.4.3.3.3. Hypermarkets 5. Europe Fragrance Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Fragrance Market Size and Forecast, by Product (2022-2029) 5.2. Europe Fragrance Market Size and Forecast, by End-user (2022-2029) 5.3. Europe Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4. Europe Fragrance Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.1.2. United Kingdom Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.1.3. United Kingdom Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.2. France 5.4.2.1. France Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.2.2. France Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.2.3. France Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.3. Germany 5.4.3.1. Germany Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.3.2. Germany Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.3.3. Germany Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.4.2. Italy Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.4.3. Italy Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.5. Spain 5.4.5.1. Spain Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.5.2. Spain Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.5.3. Spain Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.6.2. Sweden Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.6.3. Sweden Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.7.2. Austria Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.7.3. Austria Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Fragrance Market Size and Forecast, by Product (2022-2029) 5.4.8.2. Rest of Europe Fragrance Market Size and Forecast, by End-user (2022-2029) 5.4.8.3. Rest of Europe Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6. Asia Pacific Fragrance Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Fragrance Market Size and Forecast, by Product (2022-2029) 6.2. Asia Pacific Fragrance Market Size and Forecast, by End-user (2022-2029) 6.3. Asia Pacific Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4. Asia Pacific Fragrance Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.1.2. China Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.1.3. China Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.2.2. S Korea Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.2.3. S Korea Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.3.2. Japan Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.3.3. Japan Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.4. India 6.4.4.1. India Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.4.2. India Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.4.3. India Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.5.2. Australia Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.5.3. Australia Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.6.2. Indonesia Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.6.3. Indonesia Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.7.2. Malaysia Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.7.3. Malaysia Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.8.2. Vietnam Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.8.3. Vietnam Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.9.2. Taiwan Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.9.3. Taiwan Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Fragrance Market Size and Forecast, by Product (2022-2029) 6.4.10.2. Rest of Asia Pacific Fragrance Market Size and Forecast, by End-user (2022-2029) 6.4.10.3. Rest of Asia Pacific Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 7. Middle East and Africa Fragrance Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Fragrance Market Size and Forecast, by Product (2022-2029) 7.2. Middle East and Africa Fragrance Market Size and Forecast, by End-user (2022-2029) 7.3. Middle East and Africa Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 7.4. Middle East and Africa Fragrance Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Fragrance Market Size and Forecast, by Product (2022-2029) 7.4.1.2. South Africa Fragrance Market Size and Forecast, by End-user (2022-2029) 7.4.1.3. South Africa Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Fragrance Market Size and Forecast, by Product (2022-2029) 7.4.2.2. GCC Fragrance Market Size and Forecast, by End-user (2022-2029) 7.4.2.3. GCC Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Fragrance Market Size and Forecast, by Product (2022-2029) 7.4.3.2. Nigeria Fragrance Market Size and Forecast, by End-user (2022-2029) 7.4.3.3. Nigeria Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Fragrance Market Size and Forecast, by Product (2022-2029) 7.4.4.2. Rest of ME&A Fragrance Market Size and Forecast, by End-user (2022-2029) 7.4.4.3. Rest of ME&A Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 8. South America Fragrance Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Fragrance Market Size and Forecast, by Product (2022-2029) 8.2. South America Fragrance Market Size and Forecast, by End-user (2022-2029) 8.3. South America Fragrance Market Size and Forecast, by Distribution Channel(2022-2029) 8.4. South America Fragrance Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Fragrance Market Size and Forecast, by Product (2022-2029) 8.4.1.2. Brazil Fragrance Market Size and Forecast, by End-user (2022-2029) 8.4.1.3. Brazil Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Fragrance Market Size and Forecast, by Product (2022-2029) 8.4.2.2. Argentina Fragrance Market Size and Forecast, by End-user (2022-2029) 8.4.2.3. Argentina Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Fragrance Market Size and Forecast, by Product (2022-2029) 8.4.3.2. Rest Of South America Fragrance Market Size and Forecast, by End-user (2022-2029) 8.4.3.3. Rest Of South America Fragrance Market Size and Forecast, by Distribution Channel (2022-2029) 9. Global Fragrance Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Fragrance Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. L'Oréal S.A 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Kering S.A. 10.3. CHANEL International B.V. 10.4. Unilever 10.5. LVMH Group 10.6. The Procter & Gamble Company 10.7. Givaudan 10.8. Revlon, Inc. 10.9. Firmenich International SA 10.10. Estee Lauder Companies Inc. 10.11. Giorgio Armani S.p.A. 10.12. Coty Inc. 11. Key Findings 12. Industry Recommendations 13. Fragrance Market: Research Methodology 14. Terms and Glossary