North America Fragrances and Perfumes Market Growth, Size, Trends, Demand and Future Outlook
North America Fragrances and Perfumes Market Size- By Product Type, By Consumer Group, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FMCG24122 | Pages: 1 - 152 | Formats*: |
| Category : Consumer & Retail | |||
North America Fragrances and Perfumes Market Introduction and Overview
According to SPER Market Research, the North America Fragrances and Perfumes Market is estimated to reach USD 8.78 billion by 2033 with a CAGR of 3.31%.
The report includes an in-depth analysis of the North America Fragrances and Perfumes Market, including market size and trends, product mix, applications, and supplier analysis. Fragrances and perfumes are aromatic substances made by skillfully combining natural and artificial elements to produce pleasing fragrances. Usually made up of solvents, fixatives, aroma compounds, and essential oils, they are designed to produce pleasing and lingering scents. Perfumes and fragrances find their way into a wide range of products, from everyday clothing to special occasion items, personal hygiene products, home goods, and ambient aromas. Complex smell profiles are revealed over time by a painstaking process of balancing top, middle, and base notes in perfume manufacturing. These items arouse feelings, memories, and a sense of identity in addition to improving personal grooming.
- February 2024: “Oud Wood Intense,†a new luxury fragrance brand by Tom Ford, was introduced. Richer, deeper secrets are featured in this new addition, which is meant to complement the brand’s current Oud Wood Collection. With touches of Vanilla and spices, the fragrance is a subtle blend of oud, sandalwood, and patchouli.
- March 2024: In honour of its founder Gabrielle Chanel, Chanel unveiled a limited-edition fragrance called “Gabrielle Essence,†which pays homage to the brand’s history. This new fragrance combines orange blossom, ylang-ylang, and jasmine with a hint of creamy sandalwood and vanilla to create a contemporary take on traditional flower.
Market Opportunities and Challenges
Opportunities- The growing disposable income of customers is one of the main factors propelling the perfume market. Customers are willing to spend more on personal grooming products, such as perfumes, when their disposable income rises. Additionally, perfumes have grown to be a necessary component of everyday grooming regimens, which has fueled industry expansion. In the upcoming years, it is also anticipated that the demand for perfumes would be driven by the growing appeal of high-end and luxurious fragrances, particularly among younger consumers.
Challenges- The growing trend of natural and organic fragrances is one of the major market challenges for fragrances and perfumes market. As consumers become increasingly aware of the negative consequences of synthetic smells, natural and organic perfumes are becoming more popular. In the upcoming years, it is anticipated that the sales of synthetic perfumes would be impacted by this trend towards natural fragrances. The market's expansion is further hampered by the high cost of raw materials and the strict laws governing the use of specific compounds in perfumes.
Market Competitive Landscape
The North America Fragrance and Perfumes Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Burberry, Calvin Klein, Chanel, Dior, Gucci, Jo Malone, Marc Jacobs, Tom Ford, Versace, and Yves Saint Laurent, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Consumer Group, By Distribution Channel |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America |
| Companies Covered | Burberry, Calvin Klein, Chanel, Dior, Gucci, Jo Malone, Marc Jacobs, Tom Ford, Versace, and Yves Saint Laurent. |
COVID-19 Impact on North America Fragrances and Perfumes Market
For a short period the COVID-19 pandemic had a detrimental effect on the market for perfume and scents. Lockdowns were implemented in an effort to stop the coronavirus from spreading. Travel restrictions and supply chain interruptions resulted from this, which had an impact on product availability and manufacture. Furthermore, the demand for perfumes is greatly impacted by the closure of businesses during lockdown. But as economies began to recover, there was an upsurge in perfume sales online, which helped the market expand.
Key Target Audience:
- Luxury Consumers
- Young Professionals
- Millennials and Gen Z
- Gift Shoppers
- Fashion Enthusiasts
- Health and Wellness Seekers
- Frequent Travelers
Our in-depth analysis of the North America Fragrances and Perfumes Market includes the following segments:
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| By Consumer Group: |
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| By Distribution Channel: |
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Key Topics Covered in the Report:
- North America Fragrances and Perfumes Market Size (FY’2024-FY’2033)
- Overview of North America Fragrances and Perfumes Market
- Segmentation of North America Fragrances and Perfumes Market by Product Type (Parfum or de parfum, Eau de Parfum, Eau de Toilette, Eau de Cologne, Others)
- Segmentation of North America Fragrances and Perfumes Market by Consumer Group (Men, Women, Unisex)
- Segmentation of North America Fragrances and Perfumes Market by Distribution Channel (Online Retail Stores, Offline Retail Stores, Multiple Brand Stores)
- Statistical Snap of North America Fragrances and Perfumes Market
- Expansion Analysis of North America Fragrances and Perfumes Market
- Problems and Obstacles in North America Fragrances and Perfumes Market
- Competitive Landscape in the North America Fragrances and Perfumes Market
- Impact of COVID-19 and Demonetization on North America Fragrances and Perfumes Market
- Details on Current Investment in North America Fragrances and Perfumes Market
- Competitive Analysis of North America Fragrances and Perfumes Market
- Prominent Players in the North America Fragrances and Perfumes Market
- SWOT Analysis of North America Fragrances and Perfumes Market
- North America Fragrances and Perfumes Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Fragrances and Perfumes Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Fragrances and Perfumes Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Fragrances and Perfumes Market
7. North America Fragrances and Perfumes Market, By Product Type (USD Million) 2020-2033
7.1. North America Fragrances and Perfumes Market Size, Share and Forecast, By Product Type, 2020-20267.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Product Type, 2027-20337.3. Parfum or de parfum7.4. Eau de Parfum7.5. Eau de Toilette7.6. Eau de Cologne7.7. Others
8. North America Fragrances and Perfumes Market, By Consumer Group (USD Million) 2020-2033
8.1. North America Fragrances and Perfumes Market Size, Share and Forecast, By Consumer Group, 2020-20268.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Consumer Group, 2027-20338.3. Men8.4. Women8.5. Unisex
9. North America Fragrances and Perfumes Market, By Distribution Channel (USD Million) 2020-2033
9.1. North America Fragrances and Perfumes Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Online Retail Stores9.4. Offline Retail Stores9.5. Multiple Brand Stores
10. North America Fragrances and Perfumes Market Forecast, 2020-2033 (USD Million)
10.1. North America Fragrances and Perfumes Market Size and Market Share
11. North America Fragrances and Perfumes Market, By Region, 2020-2033 (USD Million)
11.1. North America Fragrances and Perfumes Market Size and Market Share By Region (2020-2026)11.2. North America Fragrances and Perfumes Market Size and Market Share By Region (2027-2033)11.3. North America11.3.1. Canada11.3.2. Mexico11.3.3. United States11.3.4. Cuba11.3.5. Panama11.3.6. Greenland11.3.7. Rest of North America
12. Company Profile
12.1. BURBERRY12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. CALVIN KLEIN12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. CHANEL12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. DIOR12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. GUCCI12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. JO MALONE12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. MARC JACOBS12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. VERSACE12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. YVES SAINT LAURENT12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Fragrances and Perfumes Market CAGR of 3.31% during the forecast period.
You can get the sample pages by clicking the link - Click Here
North America Fragrances and Perfumes Market size is USD 8.78 billion from 2024 to 2033.
North America Fragrances and Perfumes Market segment is Covered By Product Type, By Consumer Group, By Distribution Channel.
The North America region is anticipated to have the highest market share in the North America Fragrances and Perfumes Market.
The key players in the market include Companies Covered Burberry, Calvin Klein, Chanel, Dior, Gucci, Jo Malone, Marc Jacobs, Tom Ford, Versace, and Yves Saint Laurent.
Perfumes and fragrances find their way into a wide range of products, from everyday clothing to special occasion items, personal hygiene products, home goods, and ambient aromas.
North America Fragrances and Perfumes Market is projected to reach USD 8.78 billion by 2033, growing at a CAGR of 3.31% during the forecast period.
North America Fragrances and Perfumes Market grew in market size from 2023. The Market is expected to reach USD 8.78 billion by 2033, at a CAGR of 3.31% during the forecast period.
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