South Korea Fragrances and Perfumes Market Trends, Share, Demand, Revenue and Future Outlook
South Korea Fragrances and Perfumes Market Growth, Size, Trends Analysis- By Product, By Type, By Consumer Group, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: FMCG24183 | Pages: 1 - 107 | Formats*: |
| Category : Consumer & Retail | |||
South Korea Fragrances and Perfumes Market Introduction and Overview
According to SPER Market Research, the South Korea Fragrances and Perfumes Market is estimated to reach USD 834.59 million by 2033 with a CAGR 5.49%.
The report includes an in-depth analysis of the South Korea Fragrances and Perfumes Market, including market size and trends, product mix, distribution channels, and supplier analysis. A perfume is a liquid with a pleasant scent that is made from essential oils that are taken from aromatic plants or chemicals. Perfumes and fragrances have become essential items in daily life and have subtly enhanced people's grooming practices. The top, middle, and base notes make up its three structural components. It is a combination of compounds that gives off a distinct odor. These are classified according to the supported hydrocarbon concentration: parfum (20–30%), eau de toilette (5–15%), eau de cologne (2–4%), eau de parum (15–20%), and eau fraiche (1–3%). They are produced by natural action, collection, extraction, blending, and aging of the product and come in a variety of formats and concentrations.
Market Opportunities and Challenges
Opportunities: The global market is greatly influenced by changing fashion trends, and major manufacturers are focusing on developing and releasing perfumes that are unique and appealing to a wide range of consumers. The growing global demand for perfume products created with natural ingredients is also anticipated to present significant growth potential for the industry. The growing popularity of custom perfumes is also expected to spur the expansion of the South Korean fragrance and perfume industry. Previously considered a luxury, the perfume has now become an important part of one's self-expression. Personalized scents complete the world of personalization, and bespoke items like suits and shirts have become more and more popular as people look for their own unique style.
Challenges: The South Korean fragrances and perfumes market faces several challenges that impact its growth and competitiveness. One significant hurdle is the intense competition from both local and international brands, which drives innovation but also saturates the market. Additionally, consumer preferences are rapidly evolving, with a growing demand for personalized and niche fragrances that can be hard for established brands to keep pace with. Regulatory challenges also play a role, as the industry must navigate complex safety standards and ingredient restrictions. Furthermore, economic factors, such as fluctuations in disposable income and changing spending habits, can affect consumer purchasing behavior.
Market Competitive Landscape
The Fragrances and Perfumes Market in South Korea is highly fragmented. Some of the market key player are Bulgari S.p.A, Burberry Limited, CHANEL, Christian Dior SE, ELCA Korea Co., Ltd., Gianni Versace S.r.l., PUIG, S.L., The Estée Lauder Companies Inc., Tom Ford International Llc, 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, By Type, By Consumer Group, By Distribution Channel |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Bulgari S.p.A, Burberry Limited, CHANEL, Christian Dior SE, ELCA Korea Co., Ltd., Gianni Versace S.r.l., PUIG, S.L., The Estée Lauder Companies Inc., Tom Ford International Llc, Others. |
COVID-19 Impact on South Korea Fragrances and Perfumes Market
The COVID-19 epidemic had a major effect on South Korea's fragrance and perfume industry, changing consumer habits and buying habits. At first, social isolation and lockdown procedures led to fewer people entering retail establishments, which decreased sales. For personal care products, many customers resorted to online purchasing, which fueled the expansion of e-commerce platforms. Furthermore, while conventional luxury perfumes saw a downturn, the market for scented personal care products and sanitizers surged due to greater health and hygiene awareness.
Key Target Audience
- Gender-Based Segmentation
- Age Groups
- Income Levels
- Lifestyle Segments
- Geographic Regions
- Occasion-Based Consumers
- Health-Conscious Consumers
Our in-depth analysis of the South Korea Fragrances and Perfumes Market includes the following segments:
| By Product: | |
| By Type: | |
| By Consumer Group: | |
| By Distribution Channel: | |
| By Region: |
Key Topics Covered in the Report
- South Korea Fragrances and Perfumes Market Size (FY’2024-FY’2033)
- Overview of South Korea Fragrances and Perfumes Market
- Segmentation of South Korea Fragrances and Perfumes Market By Product {(Parfum or Extrait, Eau de Parfum (EDP), Eau de Toilette (EDT), Others}
- Segmentation of South Korea Fragrances and Perfumes Market By Type (Natural, Synthetic)
- Segmentation of South Korea Fragrances and Perfumes Market By Consumer Group (Men, Women, Unisex)
- Segmentation of South Korea Fragrances and Perfumes Market By Distribution Channel (Supermarkets and Hypermarkets, Convenience Store, Online, Others)
- Expansion Analysis of South Korea Fragrances and Perfumes Market
- Problems and Obstacles in South Korea Fragrances and Perfumes Market
- Competitive Landscape in the South Korea Fragrances and Perfumes Market
- Impact of COVID-19 and Demonetization on South Korea Fragrances and Perfumes Market
- Details on Current Investment in South Korea Fragrances and Perfumes Market
- Competitive Analysis of South Korea Fragrances and Perfumes Market
- Prominent Players in the South Korea Fragrances and Perfumes Market
- SWOT Analysis of South Korea Fragrances and Perfumes Market
- South Korea 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 South Korea 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. South Korea Fragrances and Perfumes Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Fragrances and Perfumes Market
7. South Korea Fragrances and Perfumes Market, By Product (USD Million) 2020-2033
7.1. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Product, 2020-20267.2. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Product, 2027-20337.3. Parfum or Extrait7.4. Eau de Parfum (EDP)7.5. Eau de Toilette (EDT)7.6. Others
8. South Korea Fragrances and Perfumes Market, By Type (USD Million) 2020-2033
8.1. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Type, 2020-20268.2. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Type, 2027-20338.3. Natural8.4. Synthetic
9. South Korea Fragrances and Perfumes Market, By Consumer Group (USD Million) 2020-2033
9.1. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Consumer Group, 2020-20269.2. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Consumer Group, 2027-20339.3. Men9.4. Women9.5. Unisex
10. South Korea Fragrances and Perfumes Market, By Distribution Channel (USD Million) 2020-2033
10.1. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Distribution Channel, 2020-202610.2. South Korea Fragrances and Perfumes Market Size, Share and Forecast, By Distribution Channel, 2027-203310.3. Supermarkets and Hypermarkets10.4. Convenience Store10.5. Online10.6. Others
11. South Korea Fragrances and Perfumes Market Forecast, 2020-2033 (USD Million)
11.1. South Korea Fragrances and Perfumes Market Size and Market Share
12. South Korea Fragrances and Perfumes Market, By Region, 2020-2033 (USD Million)
12.1. South Korea Fragrances and Perfumes Market Size and Market Share By Region (2020-2026)12.2. South Korea Fragrances and Perfumes Market Size and Market Share By Region (2027-2033)12.3. France12.4. Germany12.5. Italy12.6. Spain12.7. United Kingdom12.8. Rest of Europe
13. Company Profile
13.1. Bulgari S.p.A
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Burberry Limited
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. CHANEL
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Christian Dior SE
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. ELCA Korea Co., Ltd.
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Gianni Versace S.r.l.
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. PUIG, S.L.
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. The Estée Lauder Companies Inc.
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Tom Ford International Llc
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Others
14. Conclusion
15. Reference Links
16. 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
South Korea Fragrances and Perfumes Market is projected to reach USD 834.59 million by 2033, growing at a CAGR of 5.49% during the forecast period.
South Korea Fragrances and Perfumes Market grew in Market size from 2022. The Market is expected to reach USD 834.59 million by 2033, at a CAGR of 5.49% during the forecast period.
South Korea Fragrances and Perfumes Market CAGR of 5.49% during the forecast period.
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South Korea Fragrances and Perfumes Market size is USD 834.59 million from 2024 to 2033.
South Korea Fragrances and Perfumes Market Segment is covered By Product, By Type, By Consumer Group, By Distribution Channel.
The Asia-Pacific is anticipated to have the highest Market share in the South Korea Fragrances and Perfumes Market .
The key players in the Market include Companies Covered Bulgari S.p.A, Burberry Limited, CHANEL, Christian Dior SE, ELCA Korea Co., Ltd., Gianni Versace S.r.l., PUIG, S.L., The Estée Lauder Companies Inc., Tom Ford International Llc, Others.
Perfumes and fragrances have become essential items in daily life and have subtly enhanced people's grooming practices.
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