$4.8bn
$XXX.Xm
10,489
223
$XXX.Xm
Many consumers consider perfumes to be a premium product. Because of this, changes in disposable income and consumer confidence directly impact perfume sales. During the initial stages of the pandemic, consumers were highly uncertain about the economy's future, pushing many to lower discretionary spending and harming perfume sales. Although multiple rounds of stimulus checks led to rising demand in 2021, the heightened inflation and elevated interest rates resulted in further revenue drops. Although increasing disposable income and lower inflationary pressure have allowed revenue to expand, it remains below pre-pandemic levels. Revenue has been falling at an estimated CAGR of 2.2% to $4.8 billion through 2029, including a 1.0% rise that year alone.
Industry revenue has declined at a CAGR of 2.2 % over the past five years, to reach an estimated $4.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Coty Inc. | 919.3 | 118.8 | 12.9 | |
Loreal | 773.9 | 157.1 | 20.3 | |
Estee Lauder Companies Inc. | 462.9 | 33.6 | 7.3 |
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Industry revenue is measured across several distinct product and services lines, including Extrait de Parfum, Eau de Parfum and Eau de Toilette. Extrait de Parfum is the largest segment of the Perfume & Fragrance Manufacturing in the US.
Eau de Parfum (EDP) is the most popular product category in the industry
Companies in this industry manufacture men’s and women’s perfumes and fragrances. Perfume is a mixture of fragrant essential oils and aroma compounds, fixatives and solvents used to give the human body a pleasant scent.
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NAICS 32562 - Perfume & Fragrance Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
European brands satisfy more than half of domestic demand. France's historical and central role in the perfume industry significantly contributes to this dominance.
Learn about an industry's products and services, markets and trends in international trade.
Perfumes are categorized by their fragrance concentration. Those with higher concentrations have more fragrance oils and less alcohol, making them last longer and allowing pr...
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Manufacturers near downstream markets can save on transportation costs. Due to its proximity to these markets, the West is an attractive location for perfume producers aiming...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Large manufacturers are well-known among consumers. Their long-standing market presence grants them economies of scale and scope, creating significant barriers for new entran...
Learn about the performance of the top companies in the industry.
Coty, L'Oreal and Estée Lauder are the largest perfume producers. Though there are many perfume brands, most are produced under license by a few leading fragrance companies.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The FDA regulates manufacturers to ensure compliance with laws regarding product manufacturing, labeling and marketing. The agency enforces these rules to protect consumers a...
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Volatile sales hamper profit growth. Fluctuations in demand for domestic perfumes have kept profit relatively stable despite weakening demand for new fragrances.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Perfume & Fragrance Manufacturing in the US industry in United States is $4.8bn in 2024.
There are 223 businesses in the Perfume & Fragrance Manufacturing in the US industry in United States, which has grown at a CAGR of 1.7 % between 2019 and 2024.
The market size of the Perfume & Fragrance Manufacturing in the US industry in United States has been declining at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Perfume & Fragrance Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Perfume & Fragrance Manufacturing market in United States are Coty Inc., Loreal and Estee Lauder Companies Inc.
Manufacturing eau de parfum and Manufacturing eau de toilette are part of the Perfume & Fragrance Manufacturing in the US industry.
The company holding the most market share in United States is Coty Inc..
The level of competition is high and steady in the Perfume & Fragrance Manufacturing in the US industry in United States.