Perfumes are defined as a mixture of essential oils and/or aroma compounds along with alcohol and/or water. The word ‘perfume’ is derived from Latin words ‘per’ and ‘fumum’, which means ‘through smoke’.
The global perfume market was valued at around US$ 47.0 billion in 2019 and is expected to exhibit a CAGR of 5.9% over the forecast period (2020-2027), to surpass US$ 74.1 billion by 2027.

Among regions, Asia Pacific held dominant position in the global perfume market in 2019, accounting for 29.5% market share, in terms of volume, followed by Europe and North America, respectively.

Market Dynamics
On the basis of product type, the global perfume market is segmented into Eau de Parfum, Eau de Toilette, Eau de Cologne, and Eau Fraiche. In 2019, the Eau de Parfum segment accounted for the highest market share, in terms of revenue, owing to easy availability of perfumes in different price ranges which is driving demand for perfumes.

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Detailed Segmentation:
• Global Perfume Market, By Product Type:
◦ Eau de Parfum
◦ Eau de Toilette
◦ Eau de Cologne
• Global Perfume Market, By Demographics:
◦ Men’s Perfume
◦ Women’s Perfume
◦ Unisex Perfume
• Global Perfume Market, By Ingredient Type:
◦ Natural
◦ Synthetic
Major Keyplayers: Estee Lauder Companies Inc., LVMH, Coty Inc., L’Oreal, Elizabeth Arden, Inc., Shiseido Co., Ltd., Puig, Perfumania Holdings Inc., Avon Products, Inc., and Hermes.

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