According to the latest report by IMARC Group, titled ” North America Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the North America perfume market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
How much is the perfume industry worth in North America?
The North America perfume market size reached US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.5 Billion by 2027, exhibiting a growth rate (CAGR) of 3.22% during 2022-2027.
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A Closer Look at the North America Perfume Market 2022-2027
A perfume or fragrance is a liquid mixture that is used by individuals to disperse an alluring smell or pleasant odor. It is formed by combining essential oils derived from several synthetic aromatic compounds, plants, and spices such as sandalwood, rosemary, jasmine, cinnamon, and rose. Perfume assists in improving mental health and social well-being by enhancing the consumers mood, decreasing anxiety and stress, increasing cognitive performance, and promoting sleep. Consequently, perfume is used by consumers to enhance their overall body odor with an appealing scent, with the goal of improving self-appeal and confidence while attending events and social gatherings.
Check Out What’s New in the North America Perfume Market:
The growing trend of personal grooming, as well as the increasing demand for youth-oriented premium products, such as exotic fragrances, are mainly attributing to the North American perfume market growth. Moreover, increased demand for on-the-go, natural, and value-added luxury fragrances, especially amongst the millennials, to enhance their overall aesthetic appeal and competence for different personal and professional occasions is favoring the market growth. This is further supported by the growing income levels and improving consumer living standards. In line with this, the rising demand for a diversity of scents rather than a single signature scent has prompted manufacturers to launch perfumes with innovative fragrances, and attractive packaging solutions are propelling the market growth. Besides this, the easy availability of products on online retail channels, aggressive advertising, ongoing celebrity endorsement, and the extensive usage of perfumes in aromatherapies are influencing product demand in the region.
Competitive Landscape with Key Players:
The competitive landscape of the North America perfume market has been studied in the report with the detailed profiles of the key players operating in the market.
North America Perfume Market Segmentation:
The report has segmented the North America perfume market on the basis of perfume type, category, distribution channel and country.
Based on Perfume Type:
- Premium Perfume Products
- Mass Perfume Products
Based on Category:
- Female Fragrances
- Male Fragrances
- Unisex Fragrances
Based on Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Retailers
- Online Stores
- Others
Based on Country:
- United States
- Canada
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/North-america-perfume-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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