The North America Perfumes And Deodorants Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027).
Perfumes & deodorants manufacturers are delivering a broad range of unique products like herbal perfumes, pocket perfumes, and among others, which is contributing to the demand for the products around the globe. Moreover, many manufacturers are framing strategies to carry out innovative branding & marketing of their products that would further fuel the growth of the perfumes and deodorants market during the forecast period.
There are many key brands of perfumes & deodorants, which are developing their products by considering the consumers’ taste & preferences. Some companies are targeting the male segment of the market by launching fragrances, which are stronger and more masculine. For which, perfumes & deodorants which are more citrusy, woody, and amber-oriented, are majorly manufactured to target male consumers. On contrary, companies majorly develop floral & oriental notes perfumes and deodorants to attract female consumers across the globe.
The high-income level of the population in this region and the rising awareness among people regarding hygiene management are opening new growth avenues for the key market players. In addition, the increasing demand for perfumes & deodorants in the countries like the US and Canada are surging the overall growth of the regional market.
Additionally, the growing popularity of functional products among the consumers in the US is encouraging the key players to expand their product portfolio to use antiperspirants as a compound in their products, which are effective on a person for a longer period. Moreover, the increasing demand for various organic & plant-based products is also estimated to bolster the growth of the perfumes & deodorants market.
The US market dominated the North America E-commerce Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,359.8 million by 2027. The Canada market is experiencing a CAGR of 8.8% during (2021-2027). Additionally, The Mexico market would witness a CAGR of 7.9% during (2021-2027).
Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Pharmacies, E-commerce and Other Distribution Channels. Based on Type, the market is segmented into Deodorants and Perfumes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Perfumes and Deodorants Market is Estimated to Reach USD 89.2 Billion by 2027 at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Unilever PLC, LVMH SE, Beiersdorf AG, L'Oreal Group, Estee Lauder Companies, Inc., Firmenich S.A., Revlon, Inc. (MacAndrews & Forbes), Giorgio Armani S.p.A, PVH Corporation (Calvin Klein), and Burberry Group PLC.
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