South Korea Perfume Market 2024

Description

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Market Overview

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The perfume market in South Korea was estimated at USD 995 million in 2023 and is expected to hit USD 1,535 million by 2029, registering a CAGR of 7.5% from 2024 to 2029 as per the latest market estimates. Consumer demand for personalized and bespoke fragrances is on the rise, leading to growth in the customized perfume sector. Perfume brands are capitalizing on this trend by introducing innovative products that address individual tastes and preferences. Personalized perfume consultations and bespoke scent creation services are among the offerings that enhance consumer engagement and satisfaction.

The report provides a comprehensive overview of the South Korea perfume industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as gender, price range, packaging, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the perfume industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the perfume industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.

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Market Segmentation

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The perfume market in South Korea is segmented as below:
Gender: men, women, and unisex
Price range: premium products, and mass products
Packaging: glass bottles, plastic bottles, and others (crystal, metal, etc.)
Distribution channel: department stores, health and beauty stores, direct selling, e-commerce, and others

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

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Competitive Landscape

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The South Korea perfume market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players The Estee Lauder Companies Inc., Chanel S.A., PUIG SL, Diptyque SA, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Coty Inc., L’Oreal S.A., Amorepacific Corporation, Lush Retail Ltd., VF Corporation, Inter Parfums Inc., LG Household & Health Care Ltd., Natura & Co, Hermes International SCA.

The report is an indispensable tool for companies and organizations operating in the perfume industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the perfume market.

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Why Buy This Report?

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Provide statistical data or estimations for the South Korea perfume market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the perfume market in South Korea
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the perfume market in South Korea looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities

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Table of Contents

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TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. South Korea Perfume Market – Gender Analysis
3.1 Men
3.2 Women
3.3 Unisex
4. South Korea Perfume Market – Price Range Analysis
4.1 Premium products
4.2 Mass products
5. South Korea Perfume Market – Packaging Analysis
5.1 Glass bottles
5.2 Plastic bottles
5.3 Others (crystal, metal, etc.)
6. South Korea Perfume Market – Distribution Channel Analysis
6.1 Department stores
6.2 Health and beauty stores
6.3 Direct selling
6.4 E-commerce
6.5 Others
7. Company Profiles
7.1 The Estee Lauder Companies Inc.
7.2 Chanel S.A.
7.3 PUIG SL
7.4 Diptyque SA
7.5 LVMH Moet Hennessy Louis Vuitton SA (LVMH)
7.6 Coty Inc.
7.7 L’Oreal S.A.
7.8 Amorepacific Corporation
7.9 Lush Retail Ltd.
7.10 VF Corporation
7.11 Inter Parfums, Inc.
7.12 LG Household & Health Care, Ltd.
7.13 Natura & Co
7.14 Hermes International SCA
DISCLAIMER

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Companies Mentioned

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The Estee Lauder Companies Inc.
Chanel S.A.
PUIG SL
Diptyque SA
LVMH Moet Hennessy Louis Vuitton SA (LVMH)
Coty Inc.
L’Oreal S.A.
Amorepacific Corporation
Lush Retail Ltd.
VF Corporation
Inter Parfums, Inc.
LG Household & Health Care, Ltd.
Natura & Co
Hermes International SCA

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