Fragrances Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Global Fragrances Market: By Form (Perfumes, Deodorants, Cologne, Scent, Body Mists, Aftershave, Roll on, Custom-Made), By Aroma (Floral, Oceanic, Oriental, Citrus, Spicy, Woody, Green, Mint, Pungent, Fresh), By Usage (Men, Women, Unisex), By Distribution Channel (Supermarkets, Hypermarkets, Drugstores, Online stores) and Geography

 

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Report

Description

The fragrances market is estimated to be valued at USD 18,643.9 million in 2021 and is poised to grow at a significant CAGR of 4.3% over 2022-2028. Fragrances and perfumes are a mixture of essential oils and aroma compounds with water or alcohol. Some of the common natural ingredients utilized in the production of fragrances include balsams, fruits, grasses, spices, gums, woods, flowers, leaves, resins, roots and animal secretions. The fragrances are widely used for perfumes, deodorants, and other body care and personal care products. These personal care products are widely distributed through supermarkets and hypermarkets, convenience stores, departmental stores, online sales channels, and others. The purchasing of personal care and body care products drastically increased through online sales channels owing to discounts provided by the merchants and better platform to compare the products of multiple brands. Moreover, market players are focusing on R&D and launching new products to maintain the growth in the market. For instance, in January 2020, The Fragrances and Flavours Association of India (FAFAI) hopes to inaugurate its Research and Development (R&D) centre in Mumbai by the end of the year. Personal grooming is becoming more popular, as is the need for youth-oriented and exotic perfumes. Increased consumer spending on luxury scents due to rising income levels and rising living standards is driving perfume sales even further.

Recent Market Developments:

In January 2022, Coty Inc. announced it had started production of the world’s first globally distributed fragrances made using carbon-captured ethanol.

In September 2021, Channel SA launched a sustainable cap for perfume bottles made with Finland’s Sulapac.

Fragrances Market

MARKET SUMMARY
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4.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 4.3%
  • Largest Market– Europe
  • Fastest Growing Market– North-America

Fragrances Market

  • The global fragrances market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of form, aroma, based on the usage, distribution Channel and region.
Key Players
  • Avon Products, Inc
  • Chanel SA
  • Cartier Perfumes International
  • Calvin Klein
  • Cacharel
Fragrances Market

Dynamics

Fashion trends, which are unexpected and always changing, have a major impact on the growth of the fragrances and perfumes business. As a result, prominent market participants are concentrating their efforts on creating intriguing, unique, and innovative scents to appeal to a variety of consumer groups throughout the world. The increased popularity of lighter-scented goods, particularly among millennials, as well as the inexpensive availability of body splashes, body mists, and cologne body sprays, are likely to improve perfume and fragrance product sales in developed countries. Moreover, players are focusing are on expanding production. For instance, in January 2022, Coty Inc. announced it had started production of the world’s first globally distributed fragrances made using carbon-captured ethanol.


North-America Got Significant Share

Fragrances Market

The Europe fragrances market accounts for a significant share and the region is anticipated to grow the at a significant CAGR during the forecast years 2022-2028 owing to the presence of huge number of market players in the region and entry of new market competitors looking to attract more customers to gain more market share. In recent years, the Middle East perfumes market has seen significant expansion in the fragrances market. This is mostly due to the existence of a youthful demographic, an increase in disposable money, and an improvement in living standards.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The fragrances report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Fragrances Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The CAGR of the fragrances market is 4.3% over the forecast period (2022 – 2028)

 

 

Loreal, Givaudan, Kilian, Firmenich, Symrise

 

 

The Asia Pacific is the fastest-growing region for the fragrances market


Report

Company Profile

  • L’Oreal International (France)
  • Elizabeth Arden Inc. (U.S.)
  • Bvlgari Parfums (Italy)
  • Estee Lauder Companies Inc. (U.S.)
  • Coty, Inc. (U.S.)
  • Clarins Fragrance group (France)
  • Beaute Prestige International (France)
  • Avon Products, Inc (U.S.)
  • Chanel SA (France)
  • Cartier Perfumes International (France)
  • Calvin Klein, Inc.(U.S.)
  • Cacharel (France)

Description

The fragrances market is estimated to be valued at USD 18,643.9 million in 2021 and is poised to grow at a significant CAGR of 4.3% over 2022-2028. Fragrances and perfumes are a mixture of essential oils and aroma compounds with water or alcohol. Some of the common natural ingredients utilized in the production of fragrances include balsams, fruits, grasses, spices, gums, woods, flowers, leaves, resins, roots and animal secretions. The fragrances are widely used for perfumes, deodorants, and other body care and personal care products. These personal care products are widely distributed through supermarkets and hypermarkets, convenience stores, departmental stores, online sales channels, and others. The purchasing of personal care and body care products drastically increased through online sales channels owing to discounts provided by the merchants and better platform to compare the products of multiple brands. Moreover, market players are focusing on R&D and launching new products to maintain the growth in the market. For instance, in January 2020, The Fragrances and Flavours Association of India (FAFAI) hopes to inaugurate its Research and Development (R&D) centre in Mumbai by the end of the year. Personal grooming is becoming more popular, as is the need for youth-oriented and exotic perfumes. Increased consumer spending on luxury scents due to rising income levels and rising living standards is driving perfume sales even further.

Recent Market Developments:

In January 2022, Coty Inc. announced it had started production of the world’s first globally distributed fragrances made using carbon-captured ethanol.

In September 2021, Channel SA launched a sustainable cap for perfume bottles made with Finland’s Sulapac.

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