Perfume market size, demand, competitive analysis, regional growth and forecast by 2026
According to the latest report of the IMARC group, entitled “Perfume market: global industry trends, share, size, growth, opportunities and forecast 2021-2026The global perfume market reached a value of $ 32.8 billion in 2020. Perfumes are composed of perfumes and essential oils, which provide a pleasant scent to the individual. Some of the common natural ingredients used in the production of perfumes include flowers, fruits, herbs, leaves, spices, antlers, roots, balms, gums, resins, and animal secretions. It means a person’s style, personality and individuality and a good scent can influence human mood, emotions, behavior, perception and thoughts. Currently, the production of perfumes has become a mainstream activity in the personal care and cosmetics industry.
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The emerging trend of personal care, along with the growing demand for exotic and youth-oriented fragrances, is primarily driving the global fragrance market. In addition, the growing demand for luxury perfumes due to rising incomes and rising living standards of consumers further drives the growth of the market. Additionally, many key players are introducing rich fragrances with natural ingredients such as oud, musk, amber, and exotic flowers to expand their consumer base. Various other factors, including the easy availability of products on online retail channels, aggressive promotional activities on social media platforms, and the growth of the female labor force, are expected to further stimulate the global perfume market in the years to come. Looking ahead, the market is expected to show moderate growth in 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
- Avon Products Inc.
- Natura Cosméticos SA
- Chanel SA
- Coty Inc.
- L’Oréal SA.
Breakdown by type of fragrance:
- High-end perfume products
- Mass perfume products
Breakdown by category:
- Feminine perfumes
- Male fragrances
- Unisex fragrances
Breakdown by distribution channel:
- Specialty stores
- Department stores
- Online stores
- Hypermarkets and supermarkets
- United States
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market factors and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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