Fragrances and Perfumes Market Size Forecast 2020 to 2024 | Industry Top Key Players, Trends, Dynamics, Growth Statistics, Opportunities by Business Plans

Fragrances and Perfumes

New Research Report on “Fragrances and Perfumes Market” presents an in-depth analysis of Fragrances and Perfumes which includes market size, share, growth, and demand forecast until 2024 (in USD billion). The report sheds light on latest market developments and prominent trends of the market. Fragrances and Perfumes market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Fragrances and Perfumes market report also includes new upcoming technology of Fragrances and Perfumes Industry that will help our clients.

Fragrances and Perfumes Market Covers Major Key Players:

Fragrances and Perfumes Market Covers manufacturers on the basis of market status, production, consumption, and forecast details.

  • Coty Inc.
  • Shiseido Company Limited
  • L’Oral SA
  • LVMH Mot Hennessy Louis Vuitton SE
  • Revlon Inc.
  • Avon Products Inc.
  • Abdul Samad Al Qurashi
  • Herms International SA
  • Este Lauder Companies Inc.
  • Oriflame Holding AG
  • Inter Parfums Inc.
  • PDC Brands

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    Market Overview:

  • The fragrances and perfumes market was valued at USD 52.7 billion in 2018 and is expected to be worth USD 72.3 billion by 2024, registering a CAGR of 5.5% during the forecast period, 2019 to 2024. Key players in the market studied are focusing on developing natural fragrances, primarily due to the rising concerns regarding an issue related to synthetic fragrances, such as allergies and toxins. For instance, LUXE brand is positioning itself as a natural fragrance brand and is collaborating with celebrities for product endorsement. Increasing consumer expenditure on personal care products and rising awareness regarding the therapeutic benefits associated with fragrance are driving the market’s growth. The growing popularity of perfumes and increasing demand for higher fragrance concentration are driving the sales of parfums (pure perfume), which have 15% to 40% fragrance concentration.<

    Scope of the Report:

    Fragrances and perfumes have improved the grooming habits of individuals and have become important products of day-to-day life. Perfume and fragrance products are used to relieve unpleasant body smell produced due to sweating.

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    Key Market Trends:

    Increasing Expenditure on Advertisement and Promotion

    R&D and advertisements are driving the growth of the market studied. Key players are investing in these factors, in order to influence the consumer purchase decisions. The rising influence of social media and celebrity endorsement is impacting the advertisement strategies adopted by key market players. Key market players are heavily investing in advertisement and promotion, in order to attract consumers on the digital platform. For instance, L’Oréal developed a tool known as the dubbed cockpit, which measures the ROI and productivity of its media investments in real time. This enables better decision-making while formulating performance strategies. In 2017, L’Oreal spent USD 9.16 billion on advertisement and promotional activities, an increase of 4.91%, during the period between 2014 to 2017.
    Asia Pacific Has the Largest Market Revenue

    With increasing disposable income, more local consumers pursue quality products, especially young consumers, which are increasingly crucial for improved consumption. This shows a shift from mass to premium fragrances. Perfumes and fragrances play an increasingly important role in the growth of luxury brands, especially in China, driven by emerging middle-class consumers and millennials who pursue high-end lifestyles. Premium women’s fragrances remained as the most important type, within fragrances and perfume in India. This sector is expected to grow in the forecasted period. With the introduction of perfumes with synthetic ingredients, other products (such as attars) are facing tough competition. This synthetic perfumes segment takes over a major market share.

    Fragrances and Perfumes Market Report contents include:

    • Analysis of the laboratory balance market including revenues, future growth, market outlook
    • Historical data and forecast
    • Regional analysis including growth estimates
    • Analyzes the end user markets including growth estimates.
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Market structure, market drivers and restraints.

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    Detailed TOC of Fragrances and Perfumes Market Report 2020-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Drivers
    4.2 Market Restraints
    4.3 Porter Five Forces Framework
    4.3.1 Bargaining Power of Suppliers
    4.3.2 Bargaining Power of Buyers
    4.3.3 Threat of New Entrants
    4.3.4 Threat of Substitute Products and Services
    4.3.5 Degree of Competition

    5.1 Product
    5.1.1 Parfum or de Parfum
    5.1.2 Eau de Parfum (EDP)
    5.1.3 Eau de Toilette (EDT)
    5.1.4 Eau de Cologne (EDC)
    5.1.5 Other Product Types
    5.2 Consumer Group
    5.2.1 Men
    5.2.2 Women
    5.2.3 Unisex
    5.3 Category
    5.3.1 Natural
    5.3.2 Synthetic
    5.4 Distribution Channel
    5.4.1 Offline Retail Stores
    5.4.2 Online Retail Stores
    5.5 Geography
    5.5.1 North America United States Canada Mexico Rest of North America
    5.5.2 Europe Germany United Kingdom France Russia Italy Spain Rest of Europe
    5.5.3 Asia – Pacific China India Japan Australia Rest of Asia – Pacific
    5.5.4 South America Brazil Argentina Rest of South America
    5.5.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa

    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Coty Inc.
    6.3.2 Shiseido Company Limited
    6.3.3 L’Oral SA
    6.3.4 LVMH Mot Hennessy Louis Vuitton SE
    6.3.5 Revlon Inc.
    6.3.6 Avon Products Inc.
    6.3.7 Abdul Samad Al Qurashi
    6.3.8 Herms International SA
    6.3.9 Este Lauder Companies Inc.
    6.3.10 Oriflame Holding AG
    6.3.11 Inter Parfums Inc.
    6.3.12 PDC Brands


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