Perfume and Fragrance Market Size | Professional and In-Depth Global Forecast Report To 2023

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Perfume and Fragrance Market Segmental Analysis:

Among the ingredients of perfume & fragrance, synthetic segment is accounting for 76% followed by natural ingredients accounting for 24% of the global perfume & fragrance market. The segment is projected to register a healthy CAGR of 5.69% during the forecast period 2017-2023. Furthermore, the demand for natural ingredients in perfumes is increasing the growth of the perfume & fragrance market.

Among the type, includes eau de parfum segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 6.33% during the given period due to increased use of perfumes, spray deodorants, incense and body care products. Increase in the consumer awareness for personal hygiene is primarily driving the growth of this segment.

Among the consumer group, women segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 5.67% during the given period. However, demand for perfume & fragrances is expected to increase for the men’s category owing to introduction of new perfumes & deodorants for men and also increasing consumer awareness regarding beauty & cosmetics products.

Among the distribution channel, store based segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 5.71% during the given period.

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Top Companies:

  • Elizabeth Arden, Inc. (U.S.),
  • Loreal (France),
  • Shiseido (Japan),
  • IFF (U.S.),
  • Chanel (France),
  • Estee Lauder (U.S.),
  • Avon (U.S.), Vivenza (Kuwait),
  • Royal Beauty Group Co.(Kuwait),
  • AlQuraishi Fragrances (Kuwait),
  • Reehat Al Atoor (Bahrain),
  • Asghar Ali Co. W.L.L.(Bahrain), 

and many more..

Market Analysis:

Perfume and fragrance is a mixture of chemical compounds characterized by olfactory properties. Perfumes are formulated using a mixture of aroma chemicals extracted from natural or synthetic ingredients. Fragrance is combined in order to impart distinctive odors into the preparations. Perfume and fragrance products are used to get rid of undesirable body odor, produced due to sweating. Perfume and fragrance products majorly include eau de parfum, eau de toilette, eau de cologne and eau fraiche.

Owing to increasing health consciousness, consumers are found to have a high demand for natural ingredients for perfume & fragrance products. Rising health worries among the consumers about the disadvantages of synthetically manufactured perfume & fragrances has an encouraging impact on the use of natural ingredients in the perfume & fragrance market. The rising consumers’ inclination for natural perfume & fragrances will be considered one of the major drivers for perfume & fragrance products market. Nevertheless, all the factors are augmenting perfume & fragrance market to grow at the CAGR of 6.00% during the forecast period of 2017-2023.

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Moreover, increasing consumer awareness regarding health & wellness, and their growing interest to adopt natural ingredients in perfume & fragrance consumer goods over the synthetically prepared perfume & fragrance products is also considered to be a key factor in the growth of the global perfume & fragrance market.

Geographical Overview:

The global perfume & fragrance market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).

Among these, Europe region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 5.27% during the review period. This is attributed to the high usage of perfumes, cosmetics, incense, body care products. Among the European countries, France is majorly driving the market of perfume & fragrances in this region. However, Asia Pacific region is expected to grow with a CAGR of 8.0% during the review period. In Asia Pacific region, India is expected to hold 17% market share in the year 2017.\

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