Europe Perfume Market Size & Outlook, 2023-2030
Europe perfume market, 2018-2030 (US$M)
Related Markets
Europe perfume market highlights
- The Europe perfume market generated a revenue of USD 18,897.2 million in 2023.
- The market is expected to grow at a CAGR of 6.1% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 18,897.2 million |
| Market revenue in 2030 | USD 28,657.3 million |
| Growth rate | 6.1% (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, Europe region accounted for 35.2% 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 |
|---|
Europe 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 55.62% in 2023. Horizon Databook has segmented the Europe perfume market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is the largest market for perfumes. Over the past few years, the perfume sector in Europe has witnessed several innovations in terms of product manufacturing & marketing. The perfume industry in Europe employs over 2 million people throughout the supply chain, with over 195,000 direct jobs. Some of the ley perfume manufacturing countries in Europe are Germany, France, the U.K., Italy, and Spain.
Increasing consumer base for perfumes is expected to have a positive impact on the market in this region during the forecast period. Presence of a robust manufacturing base for personal care products in countries such as the U.K., France, and Germany is expected to be a favorable factor for the market.
The European Commission has proposed the Horizon 2020 Strategy with a prime intention to promote the production & consumption of natural ingredients in the chemical, personal care, automotive, and energy sectors.
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Target buyers of Europe 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 Europe perfume market , including forecasts for subscribers. This continent databook contains high-level insights into Europe perfume market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe perfume market size, by country, 2018-2030 (US$M)
Europe Perfume Market Outlook Share, 2023 & 2030 (US$M)
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