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Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global perfume market reached a value of US$ 32.8 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 6.15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Perfumes are composed of fragrances or essential oils which are used to provide a pleasant smell. Some of the common natural ingredients utilised in the production of perfumes include spices, woods, flowers, grasses, fruits, resins, leaves, roots, balsams, gums and animal secretions. Perfumes signify a person’s style, individuality and personality and a good scent can influence mood, behaviour, perception, emotions and human thoughts. Nowadays, the manufacturing of perfumes has evolved into a mainstream business in the personal care and cosmetics industry. 

The global perfume market is gaining traction owing to the rising trend of personal grooming along with the increasing demand for youth-oriented as well as exotic fragrances. Moreover, the product diversification by manufacturers is attracting a larger consumer-base. Apart from this, increasing consumer spending on luxury fragrances on account of inflating income levels and improving standards of living are further boosting the sales of perfumes. Other major factors propelling the demand for perfumes worldwide are rapid urbanisation, increasing population and aggressive advertising by the manufacturers. However, the availability of counterfeit products represents one of the major challenges faced by the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global perfume market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on category, perfume type and distribution channel.

Breakup by Perfume Type:

  • Premium Perfume Products
  • Mass Perfume Products
     

Based on perfume type, the market has been segmented as premium and mass perfume products. Currently, premium perfume products dominate the market, holding the largest share.

Breakup by Category:

  • Female Fragrances
  • Male Fragrances
  • Unisex Fragrances
     

On the basis of category, female fragrances lead the market, accounting for the majority of the market share. They are followed by male and unisex fragrances.

Breakup by Distribution Channel:

  • Speciality stores
  • Departmental stores
  • Online stores
  • Hypermarkets & supermarkets 
  • Others
     

On the basis of distribution channel, the market has been segmented into speciality stores, departmental stores, online stores, hypermarkets & supermarkets and others. Currently, speciality stores dominate the market, holding the largest share.

Regional Insights:

  • Brazil
  • United States
  • Germany
  • France
  • Russia
     

Region-wise, the market has been segmented into Brazil, the United States, France, Germany and Russia. Amongst these, Brazil represents the largest market, accounting for majority of the global market.

Competitive Landscape

The competitive landscape of the market has also been examined with some of the key players being Avon Products Inc., Natura Cosméticos SA, Chanel SA, Coty Inc., LVMH and L'Oréal SA.

This report provides a deep insight into the global perfume industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a perfume manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the perfume industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Perfume Type, Category, Distribution Channel, Region
Region Covered  Brazil, United States, Germany, France, Russia
Companies Covered Avon Products Inc., Natura Cosméticos SA, Chanel SA, Coty Inc., LVMH and L'Oréal SA.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2499
Corporate License $ 2999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Perfume Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Region
    5.5    Market Breakup by Perfume Type
    5.6    Market Breakup by Category
    5.7    Market Breakup by Distribution Channel
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10   Value Chain Analysis
        5.10.1    Raw Material Procurement
        5.10.2    Manufacturers
        5.10.3    Distributors
        5.10.4    Exporters
        5.10.5    Retailers
        5.10.6    End-Consumers
    5.11    Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Rivalry
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12   Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1 Brazil
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2 United States
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3 Germany
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4 France
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5 Russia
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market by Perfume Type
    7.1 Premium Perfume Products
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2 Mass Perfume Products
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market by Category
    8.1 Female Fragrances
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2 Male Fragrances
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3 Unisex Fragrances
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Competitive Landscape
    9.1    Competitive Structure
    9.2    Major Players
10  Perfume Manufacturing Process
    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11  Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Machinery
    11.4    Raw Materials Requirements and Expenditures
    11.5    Packaging Requirements and Expenditures
    11.6    Transportation Requirements and Expenditure
    11.7    Utilities Requirements
    11.8    Manpower Requirements and Expenditures
    11.9    Other Capital Investments
12  Perfume Manufacturing Plant: Loans and Financial Assistance
13  Perfume Manufacturing Plant: Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation
    13.5    Depreciation
    13.6    Income Projections
    13.7    Expenditure Projections
    13.8    Financial Analysis
    13.9    Profit Analysis
14  Key Player Profiles
    14.1    Avon Products Inc.
    14.2    Natura Cosméticos SA
    14.3    Chanel SA
    14.4    Coty Inc.
    14.5    LVMH
    14.6    L'Oréal SA 


List of Figures

Figure 1: Global Perfume Market: Major Drivers and Challenges
Figure 2: Global: Perfume Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Perfume Production: Breakup by Country (in %), 2020
Figure 4: Global: Perfume Market: Breakup by Perfume Type (in %), 2020
Figure 5: Global: Perfume Market: Breakup by Category (in %), 2020
Figure 6: Global: Perfume Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Perfume Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Perfume Industry: SWOT Analysis
Figure 9: Global: Perfume Industry: Value Chain Analysis
Figure 10: Global: Perfume Industry: Porter’s Five Forces Analysis
Figure 11: Brazil: Perfume Market (in Billion US$), 2015 & 2020
Figure 12: Brazil: Perfume Market Forecast (in Billion US$), 2021-2026
Figure 13: United States: Perfume Market (in Billion US$), 2015 & 2020
Figure 14: United States: Perfume Market Forecast (in Billion US$), 2021-2026
Figure 15: Germany: Perfume Market (in Billion US$), 2015 & 2020
Figure 16: Germany: Perfume Market Forecast (in Billion US$), 2021-2026
Figure 17: France: Perfume Market (in Billion US$), 2015 & 2020
Figure 18: France: Perfume Market Forecast (in Billion US$), 2021-2026
Figure 19: Russia: Perfume Market (in Billion US$), 2015 & 2020
Figure 20: Russia: Perfume Market Forecast (in Billion US$), 2021-2026
Figure 21: Global: Perfume (Premium Products) Market (in Billion US$), 2015 & 2020
Figure 22: Global: Perfume (Premium Products) Market Forecast (in Billion US$), 2021-2026
Figure 23: Global: Perfume (Mass Products) Market (in Billion US$), 2015 & 2020
Figure 24: Global: Perfume (Mass Products) Market Forecast (in Billion US$), 2021-2026
Figure 25: Global: Perfume (Female Fragrances) Market (in Billion US$), 2015 & 2020
Figure 26: Global: Perfume (Female Fragrances) Market Forecast (in Billion US$), 2021-2026
Figure 27: Global: Perfume (Male Fragrances) Market (in Billion US$), 2015 & 2020
Figure 28: Global: Perfume (Male Fragrances) Market Forecast (in Billion US$), 2021-2026
Figure 29: Global: Perfume (Unisex Fragrances) Market (in Billion US$), 2015 & 2020
Figure 30: Global: Perfume (Unisex Fragrances) Market Forecast (in Billion US$), 2021-2026
Figure 31: Perfume Manufacturing: Detailed Process Flow
Figure 32: Perfume Manufacturing Process: Conversion Rates of Feedstocks
Figure 33: Perfume Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 34: Perfume Industry: Profit Margins at Various Levels of the Supply Chain
Figure 35: Perfume Manufacturing Plant: Breakup of Production Costs (in %)


List of Tables

Table 1: Global Perfume Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Perfume Market Forecast: Breakup by Region (in Billion US$), 2021-2026
Table 3: Global: Perfume Market Forecast: Breakup by Perfume Type (in Billion US$), 2021-2026
Table 4: Global: Perfume Market Forecast: Breakup by Category (in Billion US$), 2021-2026
Table 5: Global: Perfume Market Forecast: Breakup by Distribution Channel (in Billion US$), 2021-2026
Table 6: Global: Perfume Market: Competitive Structure
Table 7: Global: Perfume Market: Major Players
Table 8: Perfume Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Perfume Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Perfume Manufacturing Plant: Machinery Costs (in US$)
Table 11: Perfume Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 12: Perfume Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Perfume Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Details of Financial Assistance Offered by Financial Institutions
Table 15: Perfume Manufacturing Plant: Capital Costs (in US$)
Table 16: Perfume Manufacturing Plant: Techno-Economic Parameters
Table 17: Perfume Manufacturing Plant: Taxation (in US$)
Table 18: Perfume Plant: Depreciation (in US$)
Table 19: Perfume Manufacturing Plant: Income Projections (in US$)
Table 20: Perfume Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Perfume Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Perfume Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Perfume Manufacturing Plant: Profitability Analysis (in US$)

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Key Question Answered in this Report

 

The global perfume market was valued at US$ 32.8 Billion in 2020.

 

We expect the global perfume market to exhibit a CAGR of 6.15% during 2021-2026.

The growing consumer consciousness towards personal grooming along with the improving living standards represent some of the factors driving the global perfume market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and disrupted supply chains of perfumes.

Based on the perfume type, the global perfume market can be bifurcated into premium perfume products and mass perfume products. Currently, premium perfume products hold the majority of the total market share.

 

Based on the category, the global perfume market has been divided into female fragrances, male fragrances, and unisex fragrances. Among these, female fragrances currently represent the largest market segment.

 

Based on the distribution channel, the global perfume market can be segmented into specialty stores, departmental stores, online stores, hypermarkets & supermarkets, and others. Currently, specialty stores hold the largest market share.

On a regional level, the market has been classified into Brazil, United States, France, Germany, and Russia, where Brazil currently dominates the global market.

 

 

Some of the major players in the global perfume market include Avon Products Inc., Natura Cosméticos SA, Chanel SA, Coty Inc., LVMH, and L’Oréal SA.

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