Global Perfume & Fragrances Research Report- Forecast to 2023

Publisher : Market Research Future Publication Date : Nov 08, 2017

Number of Pages : 195 Subcategory : Personal Care
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  • Description

    Product Description

    The Global Perfume & Fragrance Market has witnessed continued demand during the last few years and is projected to reach USD 64.6 billion at a CAGR of 6.00% by 2023 in terms of value. Perfume & Fragrance market has witnessed substantial innovation in terms of new product launches along with research & development and collaboration by the industrial players. Also, the overall increasing disposable income of the consumer and their evolving buying pattern over the past few years which, in turn, has led to a surge in the sales of perfume & fragrance during the forecast period.
    Globalization and urbanization has significantly affected the composition of consumption basket of consumers and has influenced their buying behaviour and the urban life encourages the consumers to segregate the priority and non-priority goods for themselves. Also, in developing economies especially India and China, major factors such as growing number of affluent and middle class, rising household disposable income and higher luxury spending have also contributed to rising sales of perfumes in these economies. The emergence of consumer-oriented societies along with the spread of consumerism and evolving consumerist attitudes in GCC region has further reinforced the potential of growth of perfume industry. For instance, spread of consumerism in Saudi Arabia is a result of a complex of global and local factors and the emergence and spread of commercial television and the internet, innovative marketing strategies, relentless and manipulative advertising, urbanization, and proliferating shopping centres and emulation of the Western culture have significantly resulted in growing demand of luxury goods such as perfumes.
    Niche fragrances continue to dominate and gain attention majorly from millennial population. There is continuous upsurge in demand for niche scents & aroma, and personalisation trend is fuelling the sales of perfumes as younger consumers are demanding a more personalized shopping experience. Personalization is a critical trend to capture the minds and wallets of consumers as they want to opt for unique and more personalised products which can make them stand out in the crowd.
    Multinational beauty conglomerates such as Shiseido, Estée Lauder, L’Oréal, Revlon, Coty and Interparfums produce perfumes under license whereas, few luxury consumer goods companies, including Hermès and Balmain, produce fragrances in-house. Most of the market players focus on innovation and navigating their offerings and make it more diversified. Strategic investments in in-store technology by the industrial players is also helping the companies to tailor their product offerings to suit the consumer demand.
    The strategic sales plan of perfume manufacturers, especially with luxury brands include use of online channels for marketing along with product promotion through sponsoring events and using other platform for promotion. Mid-priced and economy brands also focus on choosing right marketing strategies which gives out a clear to target audience and which is not aggressive to deliver anti-social message.
    Today, perfumes are available with low concentration of fragrance oils such as eau de cologne and eau fraiche, aiming to increase the number of consumers who use perfumes on a daily basis. With increasing frequency of perfume use resulting in creating huge demand for perfume packaging in the coming years.



    Key Players
    The leading market players in the global Perfume & fragrances market primarily are 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), Rasasi Perfumes Industry LLC (UAE), Arabian Oud (Saudi Arabia), Swiss Arabian Perfume Grp (UAE), Atyab Al Marshoud (Kuwait), Al Shaya (Kuwait), Ajmal Perfume (UAE), Abdulsamad Al Qurashi (Saudi Arabia).
    Study Objectives of Perfume & fragrances Market Forecast to 2023
    • Detailed analysis for individual micro and macro markets for Perfume & fragrances
    • To estimate market size by Product Type, Ingredient, Consumer Group, Distribution Channel and Region
    • To understand the supply and demand dynamics of Perfume & fragrances
    • Company profiling of major players & competitive positioning for the Perfume & fragrances market
    • Value chain analysis and supply chain analysis of perfume & fragrances
    • Analysis of historical market trends, and technologies, and current government regulatory requirements related to Perfume & fragrances market
    Target Audience
    • Perfume manufacturers
    • Fragrances manufacturers
    • Food Service industries
    • Retailers and wholesalers
    • Traders, importers and exporters


    Key Findings
    • The Global perfume & fragrances market is projected to reach USD 64.6 billion by the end of 2023
    • Among the product type, Eau de Parfum segment will dominate the Perfume & Fragrance market and is projected to reach USD 33.49 billion by 2023 at a CAGR of 6.33% in terms of value. Eau de Toilette segment is projected to grow at the substantial CAGR of 6.16% to reach USD 20.02 billion by 2023.
    • Among the consumer group, women segment will dominate the Perfume & Fragrance market and is projected to reach USD 37.24 billion by 2023 at a CAGR of 5.67% in terms of value. Men segment is projected to grow at the substantial CAGR of 6.53% to reach USD 23.85 billion by 2023.
    Regional and Country Analysis of perfume & fragrances market development and demand Forecast to 2022 Market
    As per the MRFR analysis, the Global Perfume & Fragrance market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe region is accounting for 35.98% market proportion in the year of 2017 in the global Perfume & Fragrance market and it is estimated to retain its dominance throughout the forecast period of 2017-2023. However, Asia Pacific region is projected to expand at a high pace as compare to the other region and will register a healthy CAGR of 6.20% during the forecast period. Increasing middle income population group with more disposable income, continuous urbanization in developing economies are anticipated to fuel the sales of Perfume & Fragrance in Asia Pacific region. Also, perfumes have experienced significant product innovations over the last few years in Asia Pacific region which in turn accelerates the sales of Perfume & Fragrance in the near future.
    The reports also cover country level analysis:
    • North America
    o US
    o Canada
    o Mexico

    • Europe
    o Germany
    o U.K.
    o France
    o Italy
    o Spain
    o Rest of Europe

    • Asia – Pacific
    o China
    o India
    o Japan
    o Australia & New Zealand
    o ASEAN Countries
    o Rest of Asia Pacific

    • Latin America
    • Middle East
    o U.A.E.
    o K.S.A.
    o Bahrain
    o Kuwait
    o Oman
    o Qatar
    o Rest of Middle East
    • Africa



  • Table of Content

    Global Perfume & Fragrances Research Report- Forecast to 2023

    1 Report Prologue 19
    2 Introduction 21
    2.1 Definition 21
    2.1.1 Perfumes & fragrances 21
    2.1.2 History of Fragrances 21
    2.2 Scope of the Study 22
    2.2.1 Research Methodology 22
    2.3 Assumptions 22
    2.4 Limitations 22
    2.5 Market Structure 23
    2.5.1 Global Perfumes & Fragrances Market, By Product Type 23
    2.5.2 Global Perfumes & Fragrances Market, By Ingredient 23
    2.5.3 Global Perfumes & Fragrances Market, By Consumer Group 23
    2.5.4 Global Perfumes & Fragrances Market, By Distribution Channel 23
    2.5.5 Global Perfumes & Fragrances Market, By Region 23
    3 Research Methodology 24
    3.1 Research Process 24
    3.2 Primary Research 26
    3.3 Secondary Research 27
    3.4 Forecast Model 28
    4 Premium Insights 29
    4.1 Global Perfumes & fragrances Market: Market Mapping & Research Methodology 29
    4.2 Market Overview: Global Perfumes & fragrances Market 30
    4.3 Industry Trends and Market Environment: Global Perfumes & fragrances Market 30
    4.4 Perfumes & Fragrance Industry Analysis: Data Points Considered For GCC 31
    5 Market Dynamics 33
    5.1 Introduction 33
    5.2 Drivers 34
    5.2.1 Urbanization and changing lifestyle 34
    5.2.2 Strong Performance of Retail Sector 34
    5.2.3 Industrial Players partnering with e-commerce companies 35
    5.2.4 Trend of product traceability and concerns over product safety 37
    5.2.5 Gifting Culture 37

    5.3 Restraints 38
    5.3.1 Stringent Regulations 38
    5.3.2 Huge investment in marketing 38
    5.3.3 Continuous product development with changing consumer preference 39
    5.4 Opportunities 39
    5.4.1 Value proposition (Personalized and unique fragrances) 39
    5.4.2 Huge investments in R&D leading to innovation and new product developments 39
    5.4.3 Explosion of social media and use of right marketing strategies 40
    5.4.4 Attractive packaging to attract consumers 40
    5.5 Challenges 41
    5.5.1 Certification and product labelling 41
    5.5.2 Close competition from other brands 41
    5.5.3 Allergies & intolerance 42
    6 Mega Trends 43
    6.1 Trade (Import-export) Analysis 43
    6.1.1 Perfumes & Toilet Waters Export Analysis 43
    6.1.2 Perfumes & Toilet Waters Import Analysis 44
    6.2 Trends in Perfumes & Fragrances Market 46
    6.3 Macroeconomic indicators analysis 48
    7 Market Factor Analysis 54
    7.1 Introduction 54
    7.2 Value Chain Analysis 54
    7.3 Supply Chain Analysis 56
    7.4 Porter's Five Forces 57
    7.4.1 Porter's 5 Forces Analysis: Perfumes & Fragrances Market 57
    7.4.2 Threat of New Entrants 57
    7.4.3 Threat of Substitutes 58
    7.4.4 Bargaining Power of Buyers 58
    7.4.5 Bargaining Power of Suppliers 58
    7.4.6 Intensity of Rivalry 59
    8 Global Perfume & Fragrance Market, By Type 60
    8.1 Introduction 60
    8.2 Global Perfume & Fragrance Market Segmentation, By Type 60
    8.2.1 Eau de Parfum 60
    8.2.2 Eau de Toilette 60
    8.2.3 Eau de Cologne 60
    8.2.4 Eau Fraiche 60
    8.2.5 Others 60

    9 Global Perfume & Fragrance Market, By Ingredients 62
    9.1 Introduction 62
    9.2 Global Perfume & Fragrance Market Segmentation, By Ingredients 62
    9.2.1 Natural 62
    9.2.2 Synthetic 62
    10 Global Perfume & Fragrance Market, By Consumer Group 64
    10.1 Introduction 64
    10.2 Global Perfume & Fragrance Market- By Consumer Group 64
    10.2.1 Men 64
    10.2.2 Women 64
    10.2.3 Unisex 64
    11 Global Perfume & Fragrance Market, By Distribution Channel 66
    11.1 Introduction 66
    11.2 Global Perfume & Fragrance Market Segmentation, By Distribution Channel 66
    11.2.1 Store based 66
    11.2.2 Non-Store based 67
    12 Global Perfume & Fragrance Market, By Region 69
    12.1 Global Perfume & Fragrance Market, By Region 69
    13 North America Perfume & Fragrance Market Analysis 71
    13.1 North America Perfume & Fragrance Market, By Country 71
    13.2 North America Perfume & Fragrance Market, By Product Type 72
    13.3 North America Perfume & Fragrance Market, By Ingredient 73
    13.4 North America Perfume & Fragrance Market, By Consumer Group 73
    13.5 North America Perfume & Fragrance Market, By Distribution Channel 74
    13.6 U.S. 75
    13.7 Canada 79
    13.8 Mexico 82
    14 Europe Perfume & Fragrance Market Analysis 86
    14.1 Europe Perfume & Fragrance Market, By Country 86
    14.2 Europe Perfume & Fragrance Market, By Product Type 87
    14.3 Europe Perfume & Fragrance Market, By Ingredient 88
    14.4 Europe Perfume & Fragrance Market, By Consumer Group 89
    14.5 Europe Perfume & Fragrance Market, By Distribution Channel 90
    14.6 U.K. 91
    14.7 Germany 94
    14.8 France 97
    14.9 ITALY 101
    14.10 Spain 104
    14.11 Rest of Europe 107
    15 Asia Pacific Perfume & Fragrance Market Analysis 111
    15.1 Asia Pacific Perfume & Fragrance Market, By Country 111
    15.2 Asia Pacific Perfume & Fragrance Market, By Product Type 112
    15.3 Asia Pacific Perfume & Fragrance Market, By Ingredient 113
    15.4 Asia Pacific Perfume & Fragrance Market, By Consumer Group 113
    15.5 Asia Pacific Perfume & Fragrance Market, By Distribution Channel 114
    15.6 China 115
    15.7 India 119
    15.8 Japan 122
    15.9 Australia & New Zealand 125
    15.10 ASEAN Countries 129
    15.11 Rest of Asia Pacific 132
    16 Latin America Perfume & Fragrance Market Analysis 136
    16.1 Introduction 136
    16.2 Latin America Perfume & Fragrance Market, By Product Type 136
    16.3 Latin America Perfume & Fragrance Market, By Ingredient 137
    16.4 Latin America Perfume & Fragrance Market, By Consumer Group 138
    16.5 Latin America Perfume & Fragrance Market, By Distribution Channel 139
    17 Middle East Perfume & Fragrance Market Analysis 140
    17.1 Middle East Perfume & Fragrance Market, By Country 140
    17.2 Middle East Perfume & Fragrance Market, By Product Type 141
    17.3 Middle East Perfume & Fragrance Market, By Ingredient 142
    17.4 Middle East Perfume & Fragrance Market, By Consumer Group 143
    17.5 Middle East Perfume & Fragrance Market, By Distribution Channel 144
    17.6 U.A.E. 145
    17.7 K.S.A. 148
    17.8 Bahrain 152
    17.9 Kuwait 155
    17.10 Oman 159
    17.11 Qatar 162
    17.12 Rest of Middle East 165
    18 Africa Perfume & Fragrance Market Analysis 169
    18.1 Introduction 169
    18.2 Africa Perfume & Fragrance Market, By Product Type 169
    18.3 Africa Perfume & Fragrance Market, By Ingredient 170
    18.4 Africa Perfume & Fragrance Market, By Consumer Group 171
    18.5 Africa Perfume & Fragrance Market, By Distribution Channel 172
    19 Competitive Landscape 173
    20 Major Manufacturers Analysis of Perfumes & fragrances 176
    20.1 Elizabeth Arden, Inc. 176
    20.1.1 Company Overview 176
    20.1.2 Financials 176
    20.1.3 Products 176
    20.1.4 Strategy 176
    20.1.5 Key Developments 176
    20.2 Loreal 177
    20.2.1 Company Overview 177
    20.2.2 Financials 177
    20.2.3 Products 177
    20.2.4 Strategy 177
    20.2.5 Key Developments 177
    20.3 Shiseido 178
    20.3.1 Company Overview 178
    20.3.2 Financials 178
    20.3.3 Products 178
    20.3.4 Strategy 178
    20.3.5 Key Developments 178
    20.4 IFF 179
    20.4.1 Company Overview 179
    20.4.2 Financials 179
    20.4.3 Products 179
    20.4.4 Strategy 179
    20.4.5 Key Developments 179
    20.5 Chanel 180
    20.5.1 Company Overview 180
    20.5.2 Financials 180
    20.5.3 Products 180
    20.5.4 Strategy 180
    20.5.5 Key Developments 180
    20.6 Estee Lauder 181
    20.6.1 Company Overview 181
    20.6.2 Financials 181
    20.6.3 Products 181
    20.6.4 Strategy 181
    20.6.5 Key Developments 181

    20.7 Avon 182
    20.7.1 Company Overview 182
    20.7.2 Financials 182
    20.7.3 Products 182
    20.7.4 Strategy 182
    20.7.5 Key Developments 182
    20.8 Vivenza 183
    20.8.1 Company Overview 183
    20.8.2 Financials 183
    20.8.3 Products 183
    20.8.4 Strategy 183
    20.8.5 Key Developments 183
    20.9 Royal Beauty Group Co. 184
    20.9.1 Company Overview 184
    20.9.2 Financials 184
    20.9.3 Products 184
    20.9.4 Strategy 184
    20.9.5 Key Developments 184
    20.10 AlQuraishi Fragrances 185
    20.10.1 Company Overview 185
    20.10.2 Financials 185
    20.10.3 Products 185
    20.10.4 Strategy 185
    20.10.5 Key Developments 185
    20.11 Reehat Al Atoor 186
    20.11.1 Company Overview 186
    20.11.2 Financials 186
    20.11.3 Products 186
    20.11.4 Strategy 186
    20.11.5 Key Developments 186
    20.12 Asghar Ali Co. W.L.L. 187
    20.12.1 Company Overview 187
    20.12.2 Financials 187
    20.12.3 Products 187
    20.12.4 Strategy 187
    20.12.5 Key Developments 187
    20.13 Rasasi Perfumes Industry LLC 188
    20.13.1 Company Overview 188
    20.13.2 Financials 188
    20.13.3 Products 188
    20.13.4 Strategy 188
    20.13.5 Key Developments 188

    20.14 Arabian Oud 189
    20.14.1 Company Overview 189
    20.14.2 Financials 189
    20.14.3 Products 189
    20.14.4 Strategy 189
    20.14.5 Key Developments 189
    20.15 Swiss Arabian Perfume Grp 190
    20.15.1 Company Overview 190
    20.15.2 Financials 190
    20.15.3 Products 190
    20.15.4 Strategy 190
    20.15.5 Key Developments 190
    20.16 Atyab Al Marshoud 191
    20.16.1 Company Overview 191
    20.16.2 Financials 191
    20.16.3 Products 191
    20.16.4 Strategy 191
    20.16.5 Key Developments 191
    20.17 Al Shaya 192
    20.17.1 Company Overview 192
    20.17.2 Financials 192
    20.17.3 Products 192
    20.17.4 Strategy 192
    20.17.5 Key Developments 192
    20.18 Ajmal Perfume 193
    20.18.1 Company Overview 193
    20.18.2 Financials 193
    20.18.3 Products 193
    20.18.4 Strategy 193
    20.18.5 Key Developments 193
    20.19 Abdulsamad Al Qurashi 194
    20.19.1 Company Overview 194
    20.19.2 Financials 194
    20.19.3 Products 194
    20.19.4 Strategy 194
    20.19.5 Key Developments 194

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