India Perfume Market Size & Outlook, 2023-2030
India perfume market, 2018-2030 (US$M)
Related Markets
India perfume market highlights
- The India perfume market generated a revenue of USD 2,243.3 million in 2023 and is expected to reach USD 3,750.4 million by 2030.
- The India market is expected to grow at a CAGR of 7.6% 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.
Perfume market data book summary
| Market revenue in 2023 | USD 2,243.3 million |
| Market revenue in 2030 | USD 3,750.4 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Premium |
| Fastest growing segment | Mass |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 4.2% of the global perfume market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China perfume market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,750.4 million by 2030.
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Perfume Market Scope
Perfume Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 50.8% in 2023. Horizon Databook has segmented the India perfume market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
India has been one of the fastest-growing consumer markets globally, moving from an informal and unorganized market to an organized retail market, particularly in major cities and tier II cities & towns in the country.
Personal care industry is one of the rapidly growing consumer goods sectors in India with a strong potential for the U.S. companies. Perfume market in India has shown continued strong growth with increasing shelf space in retail stores and boutiques that stock both mass as well as premium perfumes from around the world.
Growing organized retail sector, emergence of a young urban population with rising disposable income in various Indian cities, growth in the number of working women, mounting aspirations, changing lifestyles, increased affordability of lifestyle-oriented and luxury products, and greater product choice and availability considering the growth of the e-commerce market in India are the main factors driving the demand for various perfumes among consumers.
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Our clientele includes a mix of perfume market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India perfume market , including forecasts for subscribers. This country databook contains high-level insights into India perfume market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India perfume market size, by product, 2018-2030 (US$M)
India Perfume Market Outlook Share, 2023 & 2030 (US$M)
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