The latest report by IMARC Group, the global perfume market reached a value of around US$ 39 Billion in 2018. A perfume is a combination of essential oils and aroma compounds which gives a pleasant smell to an individual’s body. Plants like sandalwood, rosemary, jasmine, cinnamon and rose are the primary sources of essential oils which provide a distinctive aroma to a perfume. Apart from this, various natural ingredients like flowers, grasses, spices, fruits, woods, roots, resins, balsams, leaves, gums and animal secretions are also used in perfume production. In addition to this, several synthetic compounds, alcohol and water are employed as additives.
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Market Trends:
A rise in the trend of personal grooming amongst the young generation has been witnessed which is increasing the demand for exotic and youth-oriented fragrances. Additionally, inflating disposable incomes and increasing urbanization have led to rapid changes in the lifestyles of the urban population. These factors are propelling the sales of luxury goods including perfumes.
Moreover, several manufacturers are offering high-quality products at affordable prices to target the mass market which is catalyzing the growth of the perfume industry across the globe. They are also improving the product packaging by introducing fragrances in rollerballs and mini bottle sprays. Further, the capital investment required for setting up a perfume manufacturing plant is relatively low which is attracting new entrants. Due to these factors, the global perfume market value is projected to reach US$ 48 Billion by 2024, at a CAGR of 3.6% over the forecast period.
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Table of Contents
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Perfume Industry
6 Performance of Key Regions
7 Market by Perfume Type
8 Market by Category
9 Competitive Landscape
10 Perfume Manufacturing Process
11 Project Details, Requirements and Costs Involved
12 Perfume Manufacturing Plant: Loans and Financial Assistance
13 Perfume Manufacturing Plant: Project Economics
14 Key Player Profiles
Some of the major players operating in the industry include:
1. Procter & Gamble (NYSE: PG)
2.Avon Products Inc. (NYSE: AVP)
3. Natura Cosméticos SA (BVMF: NATU3)
4. Coty Inc (NYSE: COTY)
5. Estée Lauder (NYSE: EL)
6. LVMH (OTCMKTS: LVMUY)
7. Chanel SA, L’Oréal Groupe
8. Botica Comercial Farmacêutica Ltda.
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IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the lobster industry, which has enabled the clients to set up and expand their businesses successfully.
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