United States Fragrances and Perfumes Market Growth, Size, Trends, Revenue and Future Outlook
United States Fragrances and Perfumes Market Size- By Perfume Type, By Category- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FMCG24117 | Pages: 1 - 103 | Formats*: |
| Category : Consumer & Retail | |||
United States Fragrances and Perfumes Market Introduction and Overview
According to SPER Market Research, the United States Fragrances and Perfumes Market is estimated to reach USD 6.65 billion by 2033 with a CAGR 9.33%.
The report includes an in-depth analysis of the United States Fragrances and Perfumes Market, including market size and trends, product mix, distribution channels, and supplier analysis. The purpose of a perfume is to give the body, items, or living places a pleasant and unique scent. It is a fragrant liquid made of a blend of essential oils, aroma compounds, and solvents. The word "per fumum," which comes from the Latin and means "through smoke," has a long and fascinating history. Perfumes were first created hundreds of years ago when aromatic items were burned to release their scent. In order to create a harmonious and long-lasting scent, natural and synthetic chemicals are carefully combined to create fragrances in the current era.
- Coty Inc. released Chloé Rose Naturelle Intense, the first-ever refillable perfume, in November 2022. Several Product Life Cycle Assessment indicators showed decreased environmental consequences from its refillable bottles.
- Coty Inc. debuted the brand-new Gucci Eau de Parfum, Where My Heart Beats, in April 2023. The item is a part of Gucci's Alchemist's Garden collection.
Market Opportunities and Challenges
Opportunities:- Growing Requirement for Exotic Fragrances: Consumer demand for high-end perfumes and scents is rising as a result of rising disposable income. These days, fragrances and perfumes are seen as both fashion statements and personal hygiene items. As a result, there is a growing need for premium, long-lasting fragrances that have a natural base. To create novel scents, industry participants are allocating resources to their R&D divisions. The emergence of social media and celebrity endorsements have an impact on the advertising tactics used by major players in the market. Retailers of makeup and fragrances are putting more and more photos and videos to their websites in an effort to increase sales of perfumes and aromas due to the growth in online sales.
Challenges:- The expansion of the US perfume sector is being hampered by competition from products that are priced more affordably and compete with premium scents. The primary obstacle facing the US perfume market is its high price, which significantly diminishes market size and lowers the likelihood of recurring purchases. There is fierce competition for high-end perfumes from reasonably priced goods. According to statistics from the perfume industry, people who purchase luxury perfumes tend to be from the higher classes; their numbers are significantly smaller than those of the general public and mid-range consumers. Because private brands establish lower prices for perfumes, they are far more popular. The mid-range products are far more popular than the premium ones because of their good quality and cost-effectiveness.
Market Competitive Landscape
The Fragnances and Perfumes in market United States is highly consolidated. Some of the market key players are ALT. Fragrances LLC, BELLEVUE PARFUM USA, Capri Holdings Ltd., Coty Inc., Firmenich SA, Kapoor Luxury Fragrances, PVH Corp., Ralph Lauren Corp., Royal Aroma, Shiseido Co. Ltd., 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 Perfume Type, By Category |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | ALT. Fragrances LLC, BELLEVUE PARFUM USA, Capri Holdings Ltd., Coty Inc., Firmenich SA, Kapoor Luxury Fragrances, PVH Corp., Ralph Lauren Corp., Royal Aroma, Shiseido Co. Ltd., Others. |
COVID-19 Impact on United States Fragrances and Perfumes Market
The COVID-19 pandemic has had a major effect on the US market for fragrances and makeup. Widespread lockdowns and prohibitions on social gatherings caused a significant shift in consumer behaviour. Sales and foot traffic decreased as a result of the closure of non-essential retail establishments like department stores and specialized fragrance stores. In addition, many buyers prioritized necessities above luxury fragrances and other discretionary purchases due to the economic instability brought on by the epidemic. Disruptions to the supply chain, such as production hold-ups and delivery issues, made it harder for the sector to satisfy customer demand. But the market is starting to rebound as immunization rates rise and regulations loosen.
Key Target Audience:
- Corporate Gifting Companies
- Cosmetic Brands and Manufacturers
- Cosmetics and Beauty Retailers
- Department Stores and Specialty Shops
- Event Planners and Wedding Industry
- Fashion and Beauty Enthusiasts
- Gift Shoppers
- Health and Wellness Spas
- Luxury Goods Consumers
- Tourism and Hospitality Industry
- Others
Our in-depth analysis of the United States Fragrances and Perfumes Market includes the following segments:
| By Perfume Type: | |
| By Category: |
Key Topics Covered in the Report
- United States Fragrances and Perfumes Market Size (FY’2024-FY’2033)
- Overview of United States Fragrances and Perfumes Market
- Segmentation of United States Fragrances and Perfumes Market By Perfume Type (Premium Perfume Products, Mass Perfume Products)
- Segmentation of United States Fragrances and Perfumes Market By Category (Female Fragrances, Male Fragrances, Unisex Fragrances)
- Expansion Analysis of United States Fragrances and Perfumes Market
- Problems and Obstacles in United States Fragrances and Perfumes Market
- Competitive Landscape in the United States Fragrances and Perfumes Market
- Impact of COVID-19 and Demonetization on United States Fragrances and Perfumes Market
- Details on Current Investment in United States Fragrances and Perfumes Market
- Competitive Analysis of United States Fragrances and Perfumes Market
- Prominent Players in the United States Fragrances and Perfumes Market
- SWOT Analysis of United States Fragrances and Perfumes Market
- United States 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 source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Fragrances and Perfumes Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Fragrances and Perfumes Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Fragrances and Perfumes Market
7. United States Fragrances and Perfumes Market, By Perfume Type (USD Million) 2020-2033
7.1. United States Fragrances and Perfumes Market Size, Share and Forecast, By Perfume Type, 2020-20267.2. United States Fragrances and Perfumes Market Size, Share and Forecast, By Perfume Type, 2027-20337.3. Premium Perfume Products7.4. Mass Perfume Products
8. United States Fragrances and Perfumes Market, By Category (USD Million) 2020-2033
8.1. United States Fragrances and Perfumes Market Size, Share and Forecast, By Category, 2020-20268.2. United States Fragrances and Perfumes Market Size, Share and Forecast, By Category, 2027-20338.3. Female Fragrances8.4. Male Fragrances8.5. Unisex Fragrances
9. United States Fragrances and Perfumes Market Forecast, 2020-2033 (USD Million)
9.1. United States Fragrances and Perfumes Market Size and Market Share
10. United States Fragrances and Perfumes Market, By Region, 2020-2033 (USD Million)
10.1. United States Fragrances and Perfumes Market Size and Market Share By Region (2020-2026)10.2. United States Fragrances and Perfumes Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Northern Region10.5. Eastern Region
10.6. Western Region
11. Company Profile
11.1. ALT. Fragrances LLC
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. BELLEVUE PARFUM USA
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Capri Holdings Ltd.
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Coty Inc.
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Firmenich SA
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Kapoor Luxury Fragrances
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. PVH Corp.
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Ralph Lauren Corp.
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Royal Aroma
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Shiseido Co. Ltd.
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. Reference Links
14. List of Abbreviations
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
United States Fragrances and Perfumes Market is projected to reach USD 6.65 billion by 2033, growing at a CAGR of 9.33% during the forecast period.
United States Fragrances and Perfumes Market grew in Market size from 2022. The Market is expected to reach USD 6.65 billion by 2033, at a CAGR of 9.33% during the forecast period.
United States Fragrances and Perfumes Market CAGR of 9.33% during the forecast period.
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United States Fragrances and Perfumes Market size is USD 6.65 billion from 2024 to 2033.
United States Fragrances and Perfumes Market Segment is covered By Perfume Type, By Category.
The North America is anticipated to have the highest Market share in the United States Fragrances and Perfumes Market.
The key players in the Market include Companies Covered ALT. Fragrances LLC, BELLEVUE PARFUM USA, Capri Holdings Ltd., Coty Inc., Firmenich SA, Kapoor Luxury Fragrances, PVH Corp., Ralph Lauren Corp., Royal Aroma, Shiseido Co. Ltd., Others.
The purpose of a perfume is to give the body, items, or living places a pleasant and unique scent.
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