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:
|
By Product Type: |
Parfum or de parfum
Eau de Parfum
Eau de Toilette
Eau de Cologne
Others
|
|
By Consumer Group: |
Men
Women
Unisex
|
|
By Distribution Channel: |
Online Retail Stores
Offline Retail Stores
Multiple Brand Stores
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Fragrances and Perfumes Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Fragrances and Perfumes Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Parfum or de parfum
7.4. Eau de Parfum
7.5. Eau de Toilette
7.6. Eau de Cologne
7.7. 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, 2020-2026
8.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Consumer Group, 2027-2033
8.3. Men
8.4. Women
8.5. 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, 2020-2026
9.2. North America Fragrances and Perfumes Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Online Retail Stores
9.4. Offline Retail Stores
9.5. 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 America
11.3.1. Canada
11.3.2. Mexico
11.3.3. United States
11.3.4. Cuba
11.3.5. Panama
11.3.6. Greenland
11.3.7. Rest of North America
12. Company Profile
12.1. BURBERRY
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CALVIN KLEIN
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. CHANEL
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. DIOR
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. GUCCI
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. JO MALONE
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. MARC JACOBS
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. VERSACE
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. YVES SAINT LAURENT
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. 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.
