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Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • February 2019
  • 82 pages
  • ID: 4715154
  • Format: PDF

Summary

Table of Contents

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. According to the latest report by IMARC Group, titled “Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global perfume market reached a value of US$ 38.8 Billion in 2018.

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. Looking forward, the market value is projected to reach US$ 48.0 Billion by 2024, at a projected CAGR of 3.6% over the forecast period.

Market Summary:
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.

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.
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.

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.
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’Oreal Groupe.

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.

Key Questions Answered in This Report:
How has the global perfume market performed so far and how will it perform in the coming years?
What are the key regional markets in the global perfume industry?
What are the major product types in the global perfume industry?
What are the major categories in the global perfume industry?
What are the major distribution channels in the global perfume industry?
What are the various stages in the value chain of the global perfume industry?
What are the key driving factors and challenges in the global perfume industry?
What is the structure of the global perfume industry and who are the key players?
What is the degree of competition in the global perfume industry?
What are the profit margins in the global perfume industry?
What are the key requirements for setting up a perfume manufacturing plant?
How is perfume manufactured?
What are the various unit operations involved in a perfume manufacturing plant?
What is the total size of land required for setting up a perfume manufacturing plant?
What are the machinery requirements for setting up a perfume manufacturing plant?
What are the raw material requirements for setting up a perfume manufacturing plant?
What are the packaging requirements for perfume?
What are the transportation requirements for perfume?
What are the utility requirements for setting up a perfume manufacturing plant?
What are the manpower requirements for setting up a perfume manufacturing plant?
What are the infrastructure costs for setting up a perfume manufacturing plant?
What are the capital costs for setting up a perfume manufacturing plant?
What are the operating costs for setting up a perfume manufacturing plant?
What will be the income and expenditures for a perfume manufacturing plant?
What is the time required to break-even?

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