According to IMARC Group’s recently published report titled “Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, the market value is projected to reach US$ 49.4 Billion by 2025, at a projected CAGR of 3.4% over the forecast period., according to the latest report by IMARC Group.
A perfume is a fragrant liquid that is prepared by combining various essential oils, fixatives and solvents to provide a pleasant smell. It is also manufactured using spices, woods, flowers, fruits, leaves, roots, balsams, gums and animal secretions. It signifies the personality, style and individuality of the user. A good perfume can influence the mood, behavior, and emotions of an individual.
Global Perfume Market Trends:
The growing trend of personal grooming represents one of the major factors, which is escalating the demand for premium and exotic perfumes across the globe. Apart from this, several key players in the industry are offering innovative fragrances that are produced from organic substances to expand their existing consumer base. They are also investing in creative promotional campaigns to boost their sales. Some of the factors bolstering the market growth are rapid urbanization, changing lifestyles, rising population, inflating income levels and increasing influence of social media.
Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/perfume-manufacturing-plant/requestsample
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Summary:
On the basis of the type, the market has been bifurcated into premium and mass perfume products, wherein the premium perfume products represent the most popular segment.
Based on categories, female fragrances exhibit a clear dominance in the market. Other major categories include male and unisex fragrances.
On the basis of distribution channels, the market has been divided into specialty stores, departmental stores, online stores, hypermarkets and supermarkets, and others. Amongst these, specialty stores account for the majority of the total market share.
On the geographical front, Brazil holds the leading position in the market. Some of the other key regions include the United States, France, Germany and Russia.
The competitive landscape of the market has been examined in the report with the detailed profiles of the key players. Some of these players include Avon Products, Inc. (AVP), NATURA COSMÉTICOS S/A (NYSE: NTCO), Chanel S.A., Coty Inc., LVMH Group and L’Oréal S.A.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/perfume-manufacturing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1 6317911145
Address:30 N Gould St, Ste R
City: Sheridan
State: WY 82801
Country: United States
Website: https://www.imarcgroup.com/