The Global Perfume Market is likely to gain impetus from the rising initiatives by the industry giants to create various innovative products. One of the main concerns of consumers today is perfume longevity. Therefore, renowned companies are investing huge sums in the research and development activities to provide long-lasting perfumes and attract more consumers. Fortune Business Insights™ provided this information in a recently published study, titled, “Perfume Market Size, Share & Industry Analysis, By Type (Extrait de Parfum, Eau de Perfume, Eau de Toilette, Eau de Cologne, and Eau Fraiche), Product (Mass and Premium), End-User (Men and Women), Distribution Channel (Online and Offline), and Regional Forecasts, 2019 – 2026.”As per the study, The Perfume Market Size is projected to reach USD 56,983 million by 2026, exhibiting a CAGR of 4.8% during the forecast period. However, it stood at USD 39,406 million in 2018.

What Does This Report Contain?

• Significant transformations in market dynamics.
• A comprehensive backdrop analysis consisting of the evaluation of the parent market.
• List of the emerging niche segments and regional analysis.
• In-depth information about the perfume market trends, growth drivers, barriers, opportunities, and challenges

  Increasing Demand for Premium Quality Perfumes to Favor Growth in Asia Pacific

  In terms of region, the market is grouped into Asia Pacific, Europe, the Middle East and Africa, North America, and South America. Out of these, Asia Pacific is anticipated to exhibit the fastest growth stoked by rising working-class populaces, increasing awareness programsaboutpersonal hygiene, high levels of disposable incomes, and surging young population. Apart from these, several existing companies present in this region are working persistently to create new products in developing countries, such as China and India, to gain traction.

  Amongst all the countries in this region, China is likely to experience huge growth potential in the coming years. This growth is attributable to the rapid shift of consumers towards premium quality perfumes. North America, on the other hand, held USD 13,720 million perfume market share in the year 2018. The region would showcase a steady growth owing to the skyrocketing demand for high-end perfume and flourishing economy.

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