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The global perfume market reached approximately USD 51.08 Billion in 2024. The market is further expected to grow at a CAGR of 5.50%, reaching a value of approximately USD 87.25 Billion by 2034. The perfume market has experienced remarkable growth due to beautiful fragrances in demand among consumers. Luxury and premium perfumes are especially preferred by consumers looking for unique, exotic fragrances. The personal care and cosmetics industry has thrived amid this trend, wherein perfumes have played an integral part in personal care regimes. With the interest in unique scents ever-increasing, both mainstream and niche brands are adding to their portfolios to provide every variation. As per the market research, the industry is expected to witness growth due to the increasing inclination towards luxury items and the consumers’ growing preference for personal grooming experiences. The global market is fierce, as new offerings in terms of fragrance compositions and packaging are undertaken to make perfumes more appealing around the world.
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Historical Year
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Globalisation has broadened consumer exposure to diverse cultures, leading to appreciation for fragrances that incorporate regional and traditional ingredients.
The market is supported by personalised solutions offered by leading brands, enabling a wider clientele base.
Eco-consciousness is driving the demand for sustainable and ethically sourced ingredients, as well as eco-friendly packaging solutions.
Key companies in the global perfume market include L'Oréal, Estée Lauder, Coty, Procter & Gamble, and Chanel. These brands dominate the market to a considerable extent. For instance, L'Oréal and Estée Lauder hold significant shares due to their extensive portfolios and global reach. Luxury and niche brands also contribute to market diversity and growth.
Some of the prominent players in the global perfume market include:
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global perfume market reached approximately USD 51.08 Billion in 2024.
The market is projected to grow at a CAGR of 5.50% in the forecast period of 2025 and 2034.
Key drivers include rising disposable incomes, growing demand for luxury, celebrity endorsements, and e-commerce expansion.
The key trends in the perfume market include the growing research and development activities by the market players to innovate fragrances and enhance the quality of packaging, thriving e-commerce sector, and rising investment towards social media marketing.
Parfum, Eau De Cologne (EDC), Eau De Parfum (EDP), and Eau De Toilette (EDT) are the different types included in the market report.
Premium product and mass product are the segments of market based on product.
Men and women are the different end-users included in the market report.
The key companies in the market include LVMH Moët Hennessy - Louis Vuitton, The Estée Lauder Companies Inc, L'Oréal S.A., Shiseido Co., Ltd., Beiersdorf AG, Amorepacific Corporation, Calvin Klein Inc., Guccio Gucci S.p.A., Giorgio Armani S.p.A., Coty Inc., Yardley London, Revlon Consumer Products Corporation, The Avon Company, CHANEL, Puig, Givaudan, Hermès, and KERING, among others.
Women have dominated the global perfume market.
The online distribution channel is expected to witness the fastest growth over the forecast period.
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