The Global Perfumes Market Report by The Business Research Company covers perfumes market drivers and restraints, perfumes market size, major players, and the impact of COVID-19 on the perfumes market.
The perfumes manufacturing market consists of the sales of perfumes. Perfume is a mixture of fragrant essential oils or aroma compounds, fixatives and solvents which give a pleasant scent to the human body, animals, food, objects, and living-spaces.
Rapid growth in millennial population is expected to drive the perfumes market.
The global perfumes market is expected to grow from $43.47 billion in 2020 to $50.7 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $69.92 billion in 2025 at a CAGR of 8%.
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Some perfumes market trends include the growing preference by consumers for natural fragrances. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying natural product and 44% prefer natural ingredient perfumes. Perfume manufacturing companies are focusing on development of natural fragrances for perfumes due to rising concerns of allergic reaction and toxins in synthetic ingredients.
Global perfumes market segments include:
1) By Product: Mass, Premium.
2) By End User: Women, Men.
3) By Distribution Channel: Offline, Online.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Perfumes Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides perfumes market overviews, analyzes and forecasts market size, share, perfumes market players, perfumes market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The perfumes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Perfumes Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Coty Inc., Shiseido Company Limited, L’Oral SA, LVMH Mot Hennessy Louis Vuitton SE, Revlon Inc., Avon Products Inc., Abdul Samad Al Qurashi, Este Lauder Companies Inc., Oriflame Holding AG, Chanel SA, Elizabeth Arden Inc., Natura Cosmticos SA, Herms International SA, Inter Parfums Inc., PDC Brands, Puig SL, Christian Dior, Calvin Klein, Vivenza, Royal Beauty Group Co., AlQuraishi Fragrances, Reehat Al Atoor, Asghar Ali Co. W.L.L., Rasasi Perfumes Industry LLC, Arabian Oud, Swiss Arabian Perfume Grp, Atyab Al Marshoud, Al Shaya, Ajmal Perfume, Abdulsamad Al Qurashi.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The perfumes Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The perfumes Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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