The global perfumes & deodorants market size is expected to reach USD 84.08 billion by 2032, according to a new study by Polaris Market Research. The report “Perfumes & Deodorants Market Share, Size, Trends, Industry Analysis Report, By Type (Perfumes and Deodorants); By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Recently, there has been a surge in demand for organic and natural products globally, with consumers displaying an increased awareness of the contents of their personal care items, particularly in the fragrance sector. Organic perfumes are created using 100% natural ingredients, usually from plants. A natural perfume must contain at least 80% certified organic components to qualify as organic.
Well-known perfumes and deodorant brands frequently use scent marketing tactics to sway customer purchase decisions. Scent marketing (also referred to as aroma marketing or olfactory marketing) is a technique that uses pleasant fragrances to enhance the retail customer experience. It has been proven to increase foot traffic and encourage customers to purchase products they value.
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While perfume and deodorant brands have traditionally offered distinct products for men and women, recent years have seen a rise in several brands launching gender-neutral products to target both male and female consumer segments. For instance, in August 2019, Italian luxury fashion brand Gucci released a new line of gender-neutral or unisex fragrances called Mineral Aromatic. Such trends will continue over the forecast period as brands seek to innovate their products to remain competitive.
Perfumes & Deodorants Market Report Highlights
Polaris Market Research has segmented the Perfumes & Deodorants market report based on type, distribution channel, and region:
Perfumes & Deodorants, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Perfumes & Deodorants, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
Perfumes & Deodorants, Regional Outlook (Revenue - USD Billion, 2019 - 2032)