Philippines Perfume Market 2024

Description

According to the latest data, the market size of the perfume industry in Philippines is expected to rise by USD 93.4 million with a CAGR of 7.5% by the end of 2029. Philippines’s rapid urbanization is resulting in a denser population of affluent consumers in metropolitan regions. This urban demographic, with its heightened exposure to international trends, shows a marked preference for premium and niche fragrances. Furthermore, brands are capitalizing on sophisticated marketing strategies, including celebrity endorsements and social media campaigns, to generate aspirational appeal. These campaigns effectively resonate with consumers who are heavily influenced by global fashion and lifestyle trends.

The report offers a comprehensive evaluation of the Philippines perfume market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as gender, price range, packaging, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the perfume industry.

Market Segmentation

The perfume market in Philippines is classified into the following segments:
Gender: men, women, unisex
Price range: premium products, mass products
Packaging: glass bottles, plastic bottles, others (crystal, metal, etc.)
Distribution channel: supermarkets and hypermarkets, department stores, health and beauty stores, direct selling, e-commerce, others

The Philippines perfume market is segmented on the basis of gender, price range, packaging, and distribution channel. Based on gender, the perfume market in Philippines is categorized into men, women, and unisex. On the basis of price range, the perfume market in Philippines has been segmented into premium products, and mass products. By packaging, the perfume market in Philippines has been segmented into glass bottles, plastic bottles, and others (crystal, metal, etc.). Based upon distribution channel, the perfume market in Philippines is also categorized into supermarkets and hypermarkets, department stores, health and beauty stores, direct selling, e-commerce, and others.

Competitive Landscape

The Philippines perfume market is highly competitive. The prominent players operating in the Philippines perfume market include Natura & Co, LVMH Moet Hennessy Louis Vuitton SA (LVMH), The Estee Lauder Companies Inc., Chanel S.A., Revlon Inc., Clarins SA, L’Oreal S.A., Coty Inc., Personal Collection Direct Selling Inc., Hermes International SCA, GROUPE BERDOUES Parfums et Cosmetiques, Inter Parfums Inc., Laurice El Badry Rahme Ltd., Euroitalia S.R.L.

The report presents a detailed analysis of the Philippines perfume market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Philippines perfume market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines perfume market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines perfume market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewPhilippines perfume market – gender analysis
Philippines perfume market – price range analysis
Philippines perfume market – packaging analysis
Philippines perfume market – distribution channel analysis
Key players and market share
– Natura & Co
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
– The Estee Lauder Companies Inc.
– Chanel S.A.
– Revlon, Inc.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Philippines perfume market 2019-2029
Chart Philippines perfume market, net growth, 2019-2029
Chart Philippines perfume market, growth rates, 2019-2029
Table Philippines perfume market by gender, 2019-2029
Chart Philippines perfume market by gender, CAGR historic and forecast, 2019-2029
Chart Philippines perfume market by gender, 2019-2029
Table Philippines perfume market by price range, 2019-2029
Chart Philippines perfume market by price range, CAGR historic and forecast, 2019-2029
Chart Philippines perfume market by price range, 2019-2029
Table Philippines perfume market by packaging, 2019-2029
Chart Philippines perfume market by packaging, CAGR historic and forecast, 2019-2029
Chart Philippines perfume market by packaging, 2019-2029
Table Philippines perfume market by distribution channel, 2019-2029
Chart Philippines perfume market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Philippines perfume market by distribution channel, 2019-2029
Table Philippines perfume market share (%), by companies, 2019-2023
Chart Philippines perfume market, by companies, 2023
Table Philippines perfume market share (%), by brands, 2019-2023
Chart Philippines perfume market, by brands, 2023
Table Philippines – population (millions) and forecast
Table Philippines – consumer price index (CPI) and forecast
Table Philippines – gross domestic product and forecast
Table Philippines perfume market: spend as a proportion of GDP (%)
Table Philippines perfume market: consumption per capita (population)