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The global perfume market was valued at US$ 33.5 Billion in 2021.
We expect the global perfume market to grow at a CAGR of 6.1% during 2022-2027.
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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