Europe Fragrance and Perfume Market Growth, Size, Trends, Demand, Share and Future Outlook
Europe Fragrance and Perfume Market Size- By Product Type, By Consumer Group, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: FMCG2483 | Pages: 1 - 155 | Formats*: |
| Category : Consumer & Retail | |||
Europe Fragrance and Perfume Market Introduction and Overview
According to SPER Market Research, the Europe Fragrance and Perfume Market is estimated to reach USD 23.98 billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Fragrance and Perfume Market, including market size and trends, product mix, distribution channels, and supplier analysis. Perfumes and fragrances have totally altered how people personal nurture themselves. These were once seen to be a luxury item for the wealthy, but over time, the ordinary populace has learned to rely on them for everyday needs. Additionally, these goods are utilized to showcase originality, independence, and personal flair. The demand for these products is rising because to the increasing significance of fragrance and the constantly evolving fashion trends.
- Mood Scentz and Givaudan, a fragrance and cosmetic product company, launched a taste creation program for fragrances and mouthwash in November 2022. The MoodScentz+ assist in creating customized solutions to meet the evolving needs of customers. It enables flavorists and perfumers of oral care items to create goods that pleasantly amplify feelings.
- Firmenich SA announced the release of Magical Botanical flavors in December 2021. The new flavor, which is well-known for its curative and immunity-boosting qualities, is centered around culinary herbs and botanical ingredients.
Market Opportunities and Challenges
Opportunities: Growing Number of Millennials and Generation Z. As Gen Z customers join the workforce, expensive brands like Chanel, Dior, Prada, and La Mer are attracting their attention and dollars. There are about 60 million Gen Z consumers. About 60% of Gen Z was classified as economically well, meaning that all of their bills were paid for and they still had money left over to save or treat themselves to indulgences. Luxury is more common in their life than it was in earlier generations thanks to social media, influencers, and celebrities. Gen-Z and millennials define luxury as elegance; they place more emphasis on values than price. Furthermore, Essential oils have been used for about 6,000 years to enhance one's health or mood. Aromatherapy, also referred to as essential oil therapy, is a collection of conventional, complementary, and alternative therapies that employ aromatic plant compounds, such as essential oils.
Challenges: Growing Consumer Demand for Fragrance-Free Products It seems that consumers are asking for products without fragrances more and more, whether they are for personal care or home cleaning. Some believe they are obtaining a more natural product this way. Many people get symptoms similar to allergies after coming into contact with scent chemicals, albeit not everyone experiences the same reaction. Consequently, there are now more businesses selling fragrance-free goods. While unscented and fragrance-free are sometimes used interchangeably, they are not the same. There are no artificial or natural fragrance elements in fragrance-free goods. Conversely, unscented products don't usually smell particularly good, but they could contain fragrance ingredients that mask or balance out the smells of other things.
Market Competitive Landscape
A few major companies control a sizable portion of the European perfume and fragrance market. Among them are Symrise AG, Sensient Technologies, International Flavors & Fragrances, Firmenich SA, Givaudan, and others. In order to maintain their competitiveness, these well-known businesses are concentrating on creating novel goods by aiming for fresh recipes for natural food flavors and perfumes.
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 | Germany, France, Italy, Spain, UK, Rest of Europe |
| Companies Covered | BASF SE, Corbion N.V, European Flavours & Fragrances PLC, Firmenich SA, Givaudan, International Flavors & Fragrances Inc, Kerry Group PLC, Nactarome SP, Sensient Technologies Corporation, Symrise AG,Others |
COVID-19 Impact on Europe Fragrance and Perfume Market
The COVID-19 epidemic has had a major impact on Europe's fragrance and perfume sector, bringing with it both potential and challenges. Lockdowns, social distancing tactics, and economic unpredictability caused a significant shift in consumer behaviour. Sales of high-end perfumes and fragrances fell as a result of many consumers cutting back on their discretionary spending. Physical retail establishments, such as upscale department stores and shops selling niche fragrances, experienced closures or decreased foot traffic, which further dampened sales.
Key Target Audience:
- Retailers and Distributors
- Manufacturers and Suppliers
- Marketing and Advertising Agencies
- Fragrance Designers and Perfumers
Our in-depth analysis of the Europe Fragrance and Perfume 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:
- Europe Fragrance and Perfume Market Size (FY’2024-FY’2033)
- Overview of Europe Fragrance and Perfume Market
- Segmentation of Europe Fragrance and Perfume Market By Product Type (Parfum or De parfum, Eau De Parfum, Eau De Toilette, Eau De Cologne, Others)
- Segmentation of Europe Fragrance and Perfume Market By Consumer Group (Men, Women, Unisex)
- Segmentation of Europe Fragrance and Perfume Market By Distribution Channel (Online Retail Stores, Offline Retail Stores)
- Expansion Analysis of Europe Fragrance and Perfume Market
- Problems and Obstacles in Europe Fragrance and Perfume Market
- Competitive Landscape in the Europe Fragrance and Perfume Market
- Impact of COVID-19 and Demonetization on Europe Fragrance and Perfume Market
- Details on Current Investment in Europe Fragrance and Perfume Market
- Competitive Analysis of Europe Fragrance and Perfume Market
- Prominent Players in the Europe Fragrance and Perfume Market
- SWOT Analysis of Europe Fragrance and Perfume Market
- Europe Fragrance and Perfume 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 analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Fragrance and Perfume 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. Europe Fragrance and Perfume Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Fragrance and Perfume Market
7. Europe Fragrance and Perfume Market, By Product Type (USD Million)
7.1. Europe Fragrance and Perfume Market Value Share and Forecast, By Product Type, 2024-20337.2. Parfum or De parfum7.3. Eau De Parfum7.4. Eau De Toilette7.5. Eau De Cologne7.6. Others
8. Europe Fragrance and Perfume Market, By Consumer Group (USD Million)
8.1. Europe Fragrance and Perfume Market Value Share and Forecast, By Consumer Group, 2024-20338.2. Men8.3. Women8.4. Unisex
9. Europe Fragrance and Perfume Market, By Distribution Channel (USD Million)
9.1. Europe Fragrance and Perfume Market Value Share and Forecast, By Distribution Channel, 2024-20339.2. Online Retail Stores9.3. Offline Retail Stores9.3.1. Supermarkets/Hypermarkets9.3.2. Specialty Stores9.3.3. Convenience Stores9.3.4. Others
10. Europe Fragrance and Perfume Market Forecast, 2020-2033 (USD Million)
10.1. Europe Fragrance and Perfume Market Size and Market Share
11. Europe Fragrance and Perfume Market, By Product Type, 2020-2033 (USD Million)
11.1. Europe Fragrance and Perfume Market Size and Market Share By Product Type (2020-2026)11.2. Europe Fragrance and Perfume Market Size and Market Share By Product Type (2027-2033)
12. Europe Fragrance and Perfume Market, By Consumer Group, 2020-2033 (USD Million)
12.1. Europe Fragrance and Perfume Market Size and Market Share By Consumer Group (2020-2026)12.2. Europe Fragrance and Perfume Market Size and Market Share By Consumer Group (2027-2033)
13. Europe Fragrance and Perfume Market, By Distribution Channel, 2020-2033 (USD Million)
13.1. Europe Fragrance and Perfume Market Size and Market Share By Distribution Channel (2020-2026)13.2. Europe Fragrance and Perfume Market Size and Market Share By Distribution Channel (2027-2033)
14. Europe Fragrance and Perfume Market, By Region, 2020-2033 (USD Million)
14.1. Europe Fragrance and Perfume Market Size and Market Share By Region (2020-2026)14.2. Europe Fragrance and Perfume Market Size and Market Share By Region (2027-2033)14.3. Germany14.4. France14.5. Italy14.6. Spain14.7. UK14.8. Rest of Europe
15. Company Profile
15.1. BASF SE15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Corbion N.V.15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments15.3. European Flavours & Fragrances PLC15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments15.4. Firmenich SA15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments15.5. Givaudan15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments15.6. International Flavors & Fragrances Inc15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments15.7. Kerry Group PLC15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments15.8. Nactarome SPA15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Sensient Technologies Corporation15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments15.10. Symrise AG15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
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
Europe Fragrance and Perfume Market is projected to reach USD 23.98 billion by 2033, growing at a CAGR of XX% during the forecast period.
Europe Fragrance and Perfume Market size from 2022. The Market is expected to reach USD 23.98 billion by 2033, at a CAGR of XX% during the forecast period.
Europe Fragrance and Perfume Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Fragrance and Perfume Market size is 23.98 billion from 2024 to 2033.
Europe Fragrance and Perfume Market Segment is covered By Product Type, By Consumer Group, By Distribution Channel.
The Europe is anticipated to have the highest market share in the Europe Fragrance and Perfume Market.
"The key players in the market include Companies Covered BASF SE, Corbion N.V, European Flavours & Fragrances PLC, Firmenich SA, Givaudan, International Flavors & Fragrances Inc, Kerry Group PLC, Nactarome SP, Sensient Technologies Corporation, Symrise AG,Others.
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Additionally, these goods are utilized to showcase originality, independence, and personal flair. The demand for these products is rising because to the increasing significance of fragrance and the constantly evolving fashion trends.
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