Asia Pacific Perfume Market Size & Outlook, 2023-2030
Asia Pacific perfume market, 2018-2030 (US$M)
Related Markets
Asia Pacific perfume market highlights
- The Asia Pacific perfume market generated a revenue of USD 11,105.2 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, premium was the largest revenue generating product in 2023.
- Mass is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 11,105.2 million |
| Market revenue in 2030 | USD 17,362.7 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Premium |
| Fastest growing segment | Mass |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium |
| Key market players worldwide | Avon Products, Coty Inc Class A, Lvmh Moet Hennessy Louis Vuitton SE, The Estee Lauder Companies Inc Class A, Revlon, Puig Brands SA Ordinary Shares - Class B, L'Oreal SA, Shiseido Co Ltd, Givaudan SA, Kering SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.7% of the global perfume market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,362.7 million by 2030.
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Perfume Market Scope
Perfume Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific perfume market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to perfume market will help companies and investors design strategic landscapes.
Premium was the largest segment with a revenue share of 53.65% in 2023. Horizon Databook has segmented the Asia Pacific perfume market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
A rise in the consumption of perfumes can be observed in emerging economies such as China and India. This can be attributed to the increasing number of product (perfume) launches, along with rising concerns pertaining to personal hygiene & health among consumers.
However, high price of premium perfumes compared with mass perfumes is expected to decrease their demand during the forecast period. Moreover, growth in the chemical industry in countries such as India and China, in light of regulatory support, is expected to ensure easy accessibility to raw materials for perfume manufacturers.
This is likely to pose a challenging factor for players in the natural perfume market in Asia Pacific during the forecast period.The perfume industry has been witnessing an exponential growth over the past few years. Mass perfumes constitute the largest category of this industry.
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Target buyers of Asia Pacific perfume market databook
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Our clientele includes a mix of perfume market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific perfume market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific perfume market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific perfume market size, by country, 2018-2030 (US$M)
Asia Pacific Perfume Market Outlook Share, 2023 & 2030 (US$M)
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