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市场调查报告书
商品编码
1661591
印度的香水市场评估:各香水类型,各香氛类型,男女,各价格市场区隔,包装各尺寸,各流通管道,各地区,机会及预测,2018~2032年India Perfume Market Assessment, By Perfume Type; By Fragrance Type; By Gender; By Price Segment; By Pack Size; By Distribution Channel, By Region, Opportunities and Forecast, FY2018-FY2032F |
2024 年印度香水市场价值为 2.81 亿美元,预计到 2032 年将成长到 8.733 亿美元,在 2025 年至 2032 年的预测期内复合年增长率为 15.23%。由于有抱负的中产阶级人口不断增长、可支配收入不断提高、千禧世代的香水支出增加以及消费者生活方式偏好的改变,印度香水市场正在快速增长。
参与运动和瑜伽等体力活动的增加、生活方式的改变、对个人护理的关注、高购买力平价以及由于支持轻鬆访问和快速获取的电子商务平台的出现而导致千禧一代的需求不断增长,都导致了印度香水使用量的增加。过去几年中,许多本土品牌已在印度大众市场推出,为用户提供实惠的价格和多功能性。印度香料协会已註册了超过 6,000 种香料成分。
印度是亚太地区继中国和日本之后的第三大香水市场。自古以来,香水就被用来刺激嗅觉、营造氛围、抑制异味,也被证明具有治疗效果。专家主要根据酒精和香水油的混合比例来决定,分别是10%和20%的香水油溶解在酒精中。香水市场的零售模式随着时间的推移而不断演变,成熟品牌和新时代品牌在市场上有着不同的定位。
上述公司不依市场占有率排序,并且可能会根据研究工作期间获得的资讯进行更改。
India Perfume Market was valued at USD 281 million in FY2024 and will grow to USD 873.3 million by FY2032; exhibiting a CAGR of 15.23% during the forecast period between FY2025 and FY2032F. The perfume market in India is rapidly growing driven by the country's increasing aspirational middle-class population, higher disposable income, higher propensity to spend on fragrances by the millennials segment of the population and changing lifestyle preferences of the consumers.
The increasing demand from the millennial due to increase in physical activities such as participation in sports or yoga, lifestyle changes, focus on personal care, high purchasing parity and the advent of e-commerce platforms supporting ease of access and quick availability are all the factors that contribute to the growing usage of perfume in India. In the recent times, India has witnessed numerable home-grown brands being launched in the mass segment bringing in affordability and wider application amongst the users. There are more than 6,000 ingredients for fragrances listed with Fragrances and Flavours Association of India.
India is the third-largest market for perfumes in the Asia-Pacific region after China and Japan. Perfumes have been used since ancient times due to its properties of olfaction and creating an atmosphere of realm, supress foul odours and many proven therapeutic benefits as well. The experts determine the blending proportion of perfume oil with alcohol with majorly dissolving between 10% and 20% perfume oils in alcohol. The perfume market has evolved over time with respect to the retailing formats and mature and new age brands have differentiated positioning in the market.
Novel Product Launches
The introduction of new fragrances and products in the country by both nationally and internationally recognized brands is expanding the variety available to consumers. These launches often feature unique scent profiles that cater to diverse preferences of the customers, enhancing consumer interest and providing lucrative growth opportunities for the market. For instance, in September 2024, SKINN, the fragrance division of the Titan Company Limited announced the launch of their new affordable fragrance line, 24 seven. With this launch, the company aims to reach 2.5 million customers by the end of FY2025.
The Millennials - Indian Trendsetters
Perfumes, earlier deemed to be used only for special occasions are now a part of everyday personal grooming. Millennials are more focused on enhancing the personality and use products of high social worth. As of 2021, millennials comprise around 34% of India's total population with an average age of 28.4 years majorly contributing to the workforce population as well. Since the wallet share of this segment in India is increasing, it is proving to be a crucial consumer segment in driving the growth of perfume market.
Perfume brands offer differentiated SKUs to cater to a wide cohort at various price points. The use of fragrances among millennials has increased significantly as a result of internet accessibility. This generation loves internet shopping since they are tech-savvy and more inclined to stick with a certain brand when buying grooming products like perfumes.
Public Figure Endorsements
More than one-third marketers may spend more than 60% of marketing budgets on digital platforms as stated in a report by Mobile Marketing Association. Instagram and Youtube ads are among the major platforms used by the companies of perfume segment with latter having a higher share in terms of usability.
Key players have been actively investing in digital marketing channels recently to increase product awareness leveraging the capabilities on campaigns on social media and influencer marketing. Therefore, e-commerce has become a successful means for perfume suppliers to connect with a large audience. Some merchants are even selling specially formulated perfumes to cater to each customer's preference in an effort to increase sales. It is hoped that these improvements, supported by robust advertising efforts, will maintain customer attention over time.
Impact of COVID-19 on India Perfume Market
Similar to other businesses, the Indian perfume industry was significantly impacted by the pandemic. There was a paradigm shift in the demand patterns of the consumers. The retail establishments, which were the main outlets for the sale of perfumes-were forced to close as a result of strict lockdown policies and limitations on meetings and restricted mobility implemented by the Government of India. As a result, there was a decrease in both demand and sales. However, the Indian perfume manufacturers and retailers adjusted to the adverse situation by concentrating on online sales. As customers shifted to online purchasing to avoid being exposed to the virus, several businesses experienced a huge spike in their e-commerce sales. Given that the transition to online shopping is here to stay, this tendency is likely to persist long after the epidemic has subsided.
Key Player Landscape and Outlook
With the advent of technology and increased consumption, India's traditional fragrance sector has seen significant changes. The perfume market is currently expected to grow and provide numerous opportunities for new players to thrive. Few companies are aiming to raise money to fund their expansion plans. For instance, Mama earth's parent company, Honasa Consumer, has submitted the required paperwork to the market regulator in order to raise money through an IPO (initial Public offering).
Companies mentioned above DO NOT hold any order as per market share and can be changed during course of work