The report provides an overview of current fragrances scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East and Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
The global fragrances sector was valued at $41.9 billion in 2022 and is forecast to record a CAGR of 5.1% during 2022-27, to reach $53.9 billion in 2027. Americas represented the largest region in the industry in 2022, with a value share of 37%, followed by Western Europe with 32.2%. In 2022, female fragrances was the largest category, accounting for 58% of overall global value sales, followed by male fragrances at 34.9%. Among all the categories, unisex fragrances is set to record the fastest value CAGR at 5.2%, during 2022-27. The fragrances sector in the Middle East and Africa is forecast to record the fastest value CAGR at 9.3% over the forecast period. The top five companies in the global fragrances sector together accounted for a value share of 33% in 2022. The sector was led by L'Oréal, which held a share of 9.7%, followed by Coty, and Natura & Co with 7.9% and 5.8% shares, respectively. The other leading companies, LVMH Moet Hennessy - Louis Vuitton, and Chanel, accounted for value shares of 5.1% and 4.5%, respectively, in 2022.
The global fragrances sector was valued at $41.9 billion in 2022 and is forecast to record a CAGR of 5.1% during 2022-27, to reach $53.9 billion in 2027. Americas represented the largest region in the industry in 2022, with a value share of 37%, followed by Western Europe with 32.2%. In 2022, female fragrances was the largest category, accounting for 58% of overall global value sales, followed by male fragrances at 34.9%. Among all the categories, unisex fragrances is set to record the fastest value CAGR at 5.2%, during 2022-27. The fragrances sector in the Middle East and Africa is forecast to record the fastest value CAGR at 9.3% over the forecast period. The top five companies in the global fragrances sector together accounted for a value share of 33% in 2022. The sector was led by L'Oréal, which held a share of 9.7%, followed by Coty, and Natura & Co with 7.9% and 5.8% shares, respectively. The other leading companies, LVMH Moet Hennessy - Louis Vuitton, and Chanel, accounted for value shares of 5.1% and 4.5%, respectively, in 2022.
Key Highlights
Consumers today have become extremely selective when purchasing products in the sector, owing to health considerations. New products in the fragrances sector are being launched with a plethora of health claims such as natural origin, vegan, plant-based, no artificial colors, no genetic modification, and no preservatives. The clean labeling trend, which places emphasis on the transparency of fragrances products with reference to the ingredients used, is growing in the fragrances sector. This is becoming increasingly common in new product launches, with labels claiming the use of natural, wholesome, and simple ingredients that are easy to recognize, in order to appeal to consumers.Scope
This report brings together multiple data sources to provide a comprehensive overview of the global fragrances sector. It includes an analysis on the following:- Sector overview: Provides an overview of current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East & Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, latest developments, and future challenges for each region. This data includes both on-trade and off-trade data
- Change in consumption: Provides a shift in the consumption of fragrances over 2017-27 at global and regional levels
- High-potential countries: Provides a risk-reward analysis of the top four high-potential countries in each region based on market assessment, economic development, governance indicators, socio-demographic factors, and technological infrastructure
- Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2022-27, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for each region. Market size includes both on-trade and off-trade data, while only off-trade data is used in company and brand analysis, distribution analysis, and packaging analysis
- Competitive landscape: Provides an overview of leading brands at a global and regional level, besides analyzing the product profile, country-level presence, market share, and growth of private labels in each region
- Key distribution channels: Provides analysis on the leading distribution channels in the global fragrances sector in 2022. It covers health & beauty stores, direct sellers, parapharmacies/drugstores, “dollar stores”, variety stores & general merchandise retailers, cash & carries and warehouse clubs, convenience stores, department stores, e-retailers, hypermarkets & supermarkets, chemists/pharmacies, and others
- Packaging analysis*: The report provides percentage shares (in 2022) and growth analysis (during 2022-27) for various pack materials, pack types, closures, and primary outer types based on volume sales of fragrance products
Reasons to Buy
- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
- The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
- To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
Table of Contents
- Executive Summary
- Part 1: Sector Overview
- Current Scenario and Future Outlook
- Global Fragrances Sector Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
- Regional Fragrances Overview - What Are the Growth Factors, Latest Developments, and Future Inhibitors?
- Key Challenges in the Global Fragrances Sector
- Part 2: Shift in Health & Beauty Value Share Patterns
- Change in Value Consumption Levels in the Overall Health & Beauty Industry, 2022-27
- Reasons for Shift in Consumption Patterns
- Part 3: Identifying High-Potential Countries
- Analysis of 10 Countries on the Basis of Risk-Reward Analysis (Market Assessment, Economic Development,
- Sociodemographic factors, Governance Indicators, and Technological Infrastructure)
- Part 4: Country Deep-Dive Analysis
- High-Potential Country Analysis
- Future Outlook
- Part 5: Competitive Environment
- Leading Companies by Value - Global
- Leading Companies and Brands Share Analysis - Global
- Leading Companies and Brands Share Analysis by Region
- Part 6: Competitive Landscape - Market Analysis
- Part 7: Market Share of Private Label
- Private Label’s Share Analysis by Region
- Private Label’s Share Analysis by Category
- Part 8: Key Distribution Channels
- Share of Key Distribution Channels - Global and Regional Level
- Part 9: Key Packaging Formats
- Growth Analysis by Key Pack Material and Pack Type
- Growth Analysis by Closure Type and Primary Outer Type
- Part 10: Select Industry Metrics
- Global Patent Filings
- Global Job Analytics
- Global Deals
- Appendix
- Definitions
- About the Publisher
- Change in consumption levels in the overall health & beauty industry, 2017-27
- Change in consumption levels - Asia-Pacific, 2017-27
- Change in consumption levels - Middle East and Africa, 2017-27
- Change in consumption levels - The Americas, 2017-27
- Change in consumption levels - Western Europe, 2017-27
- Change in consumption levels - Eastern Europe, 2017-27
- Identifying high-potential countries, risk-reward analysis - Asia-Pacific
- Identifying high-potential countries, risk-reward analysis - Middle East and Africa
- Identifying high-potential countries, risk-reward analysis - The Americas
- Identifying high-potential countries, risk-reward analysis - Western Europe
- Identifying high-potential countries, risk-reward analysis - Eastern Europe
- Chile: Volume share analysis of top three cities by category (%), 2022
- Canada: Volume share analysis of top 10 cities by category (%), 2022
- UK: Volume share analysis of top 10 cities by category (%), 2022
- Sweden: Volume share analysis of top four cities by category (%), 2022
- Germany: Volume share analysis of top 10 cities by category (%), 2022
- Czech Republic: Volume share analysis of top four cities by category (%), 2022
- Romania: Volume share analysis of top eight cities by category (%), 2022
- China: Volume share analysis of top 10 cities by category (%), 2022
- UAE: Volume share analysis of top five cities by category (%), 2022
- Top five companies’ shares by brand (in value terms) in global fragrances sector, 2022
- Top five companies’ shares by brand (in value terms) in Asia-Pacific fragrances sector, 2022
- Top five companies’ shares by brand (in value terms) in Middle East and Africa fragrances sector, 2022
- Top five companies’ shares by brand (in value terms) in the Americas fragrances sector, 2022
- Top five companies’ shares by brand (in value terms) in Western Europe fragrances sector, 2022
- Top five companies’ shares by brand (in value terms) in Eastern Europe fragrances sector, 2022
- Key brands - female fragrances, 2022
- Key brands - male fragrances, 2022
- Key brands - unisex fragrances, 2022
- Private label’s value and share by region, 2017-22
- Private label’s value and share by category, 2022
- Leading distribution channels by region (% share by value), 2022
- Key categories by value and volume, 2022-27 - Global
- Key categories by value and volume, 2022-27 - Asia-Pacific
- Key categories by value and volume, 2022-27 - Middle East and Africa
- Key categories by value and volume, 2022-27 - Americas
- Key categories by value and volume, 2022-27 - Western Europe
- Key categories by value and volume, 2022-27 - Eastern Europe
- Chile: Category share
- Chile: Consumption by gender
- Chile: Consumption by age group
- Chile: Consumption by education
- Chile: Consumption by degree of urbanization
- Chile: Volume share analysis of top three cities (%), 2017-22
- Canada: Category share
- Canada: Consumption by gender
- Canada: Consumption by age group
- Canada: Consumption by education
- Canada: Consumption by degree of urbanization
- Canada: Volume share analysis of top 10 cities (%), 2017-22
- UK: Category share
- UK: Consumption by gender
- UK: Consumption by age group
- UK: Consumption by education
- UK: Consumption by degree of urbanization
- UK: Volume share analysis of top 10 cities (%), 2017-22
- Sweden: Category share
- Sweden: Consumption by gender
- Sweden: Consumption by age group
- Sweden: Consumption by education
- Sweden: Consumption by degree of urbanization
- Sweden: Volume share analysis of top four cities (%), 2017-22
- Germany: Category share
- Germany: Consumption by gender
- Germany: Consumption by age group
- Germany: Consumption by education
- Germany: Consumption by degree of urbanization
- Germany: Volume share analysis of top 10 cities (%), 2017-22
- Czech Republic: Category share
- Czech Republic: Consumption by gender
- Czech Republic: Consumption by age group
- Czech Republic: Consumption by education
- Czech Republic: Consumption by degree of urbanization
- Czech Republic: Volume share analysis of top four cities (%), 2017-22
- Romania: Category share
- Romania: Consumption by gender
- Romania: Consumption by age group
- Romania: Consumption by education
- Romania: Consumption by degree of urbanization
- Romania: Volume share analysis of top eight cities (%), 2017-22
- China: Category share
- China: Consumption by gender
- China: Consumption by age group
- China: Consumption by education
- China: Consumption by degree of urbanization
- China: Volume share analysis of top 10 cities (%), 2017-22
- Singapore: Category share
- Singapore: Consumption by gender
- Singapore: Consumption by age group
- Singapore: Consumption by education
- Singapore: Consumption by degree of urbanization
- UAE: Category share
- UAE: Consumption by gender
- UAE: Consumption by age group
- UAE: Consumption by education
- UAE: Consumption by degree of urbanization
- UAE: Volume share analysis of top five cities (%), 2017-22
- Leading companies in the global fragrances sector (% share by value), 2022
- Key pack material volume share (%), 2022
- Annual volume growth by pack material (%), 2017-27
- Key pack type volume share (%), 2022
- Annual volume growth by pack type (%), 2017-27
- Key closure type volume share (%), 2022
- Annual volume growth by closure type (%), 2017-27
- Key primary outer type volume share (%), 2022
- Annual volume growth by primary outer type (%), 2017-27
- Global health & beauty industry patent filings, 2022
- Health & beauty industry patent filings by leading companies, 2022
- Total health & beauty industry patent filings for key markets, 2022
- Total job postings in health & beauty industry by company, 2022
- Job postings in health & beauty industry by theme, 2022
- Deals in health & beauty industry by geography, 2022
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- L’Oréal
- Coty
- Natura & Co
- LVMH Moet Hennessy - Louis Vuitton
- Chanel
