How large is the perfume market?
The global perfume market size was estimated at USD 32.50 billion in 2019 and is expected to reach USD 33.69 billion in 2020. What is the perfume market growth? b. The global perfume market is expected to witness a compound annual growth rate of 3.9% from 2019 to 2025 to reach USD 40.91 billion by 2025.
What is the perfume market worth?
1.84 billion British pounds
The total sales value of fragrances in December 2020 was estimated at almost 1.6 billion British pounds, a decrease compared to the previous year. Over the shown period, the market value of fragrances has increased from 1.1 billion British pounds to the highest value in 2019 of 1.84 billion British pounds.
Is the perfume industry growing?
The global perfume market reached a value of US$ 32.8 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 6.15% during 2021-2026. Nowadays, the manufacturing of perfumes has evolved into a mainstream business in the personal care and cosmetics industry.
What percentage of people use perfume?
A study by Statista revealed that 44% of Americans between ages 18 to 29 use perfume daily, while 28% use perfume several times a week, and 8% use perfume once a week. In comparison, 41% of Americans between ages 30 to 49 use perfume daily, while 23% use it several times a week, and 6% use it once a week.
How big is the perfume market in France?
In 2017, France had exported about USD 4.8 billion worth fragrance products to the global market, thereby representing more than 25.0% of the world’s total perfume exports in the same year.
Which is the largest perfume category in the world?
Kindly contact us for the actual market size and trends. Based on perfume type, the market has been segmented as premium and mass perfume products. Currently, premium perfume products dominate the market, holding the largest share. On the basis of category, female fragrances lead the market, accounting for the majority of the market share.
What’s the growth rate of the perfume industry?
The growth has surpassed that of mass fragrance products in the last few years owing to a greater emphasis on quality, personalization, and exclusivity. Premium perfumes are expected to expand at the fastest CAGR of 3.9% from 2019 to 2025 owing to the growing preference for unique, handcrafted, and exotic fragrances.
Which is the second largest fragrance market in the world?
The global fragrance market can be broken down into three categories such as perfume, deodorant and others. Personal care has the second largest market share for fragrance products, following only the household products sector.