CHANEL announced the launch of a new variant in its popular Chance fragrance line with the brightness of an Eau de Toilette with the heaviness of an Eau de Parfum to raise customer awareness of the well-liked Chance pillar of the French luxury brand in front of the holiday season.
Coty Inc.introduced Chloé Rose Naturelle Intense which has a lower environmental impact for supporting their company strategy “Beauty That Lasts”.
Author Credits: Parul Atri
Report ID: 6022
Published Date: Nov 08, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of perfume is estimated at USD 57.38 billion.
The perfume market size was valued at USD 54.88 billion in 2024 and is likely to cross USD 112.82 billion by 2037, expanding at more than 5.7% CAGR during the forecast period i.e., between 2025-2037. The growing cosmetic industry across the globe, and the increasing popularity of e-commerce will drive the market growth.
Europe industry is set to account for largest revenue share of 35% by 2037, driven by region's expanding export and manufacture of perfumes.
The major players in the market include CHANEL, The Avon Company, Coty Inc., LVMH Moet Hennessy-Louis Vuitton, Givaudan, Hermès, KERING, The Estée Lauder Companies, Revlon, Puig, L'Oréal Groupe