Product Code: ETC021767 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore perfumes and perfumery products market is expected to register a CAGR of 6.3% during the forecast period, 2020-2026. The country`s focus on health and wellness has driven the demand for personal care products such as cosmetics, fragrances, hair care, skin care, and oral hygiene in recent years. This trend is likely to drive further growth in the market over the forecast period. Additionally, an increase in disposable incomes among individuals coupled with changing lifestyles are expected to propel demand for these products further over the foreseeable future. Further factors that will contribute towards this market include increasing online sales channels
Increase in Demand for Luxury Fragrances: Fragrance manufacturers have been focused on introducing new range of luxury fragrances due to growing consumer interest towards premium branded items across different income groups within Singapore society owing to rise in disposable income levels along with rising influence of western culture which is also driving product innovation amongst local companies trying their luck into bringing forth high end offerings into marketplace thus boosting up overall industry growth outlook at present times. Growing Penetration via Online Sales Channels : Rising penetration rate seen amongst consumers looking forward towards buying various perfume related accessories through popular ecommerce portals available within country thereby providing huge opportunity for domestic firms operating within marketspace allowing them access over large number of customers located all around nation while simultaneously helping them reach out more effectively compared before which tend result into higher revenues generated from hereon
High Cost Associated With Perfume Products: Despite growing popularity associated with usage, cost involved behind purchasing fragrance related items continues remain one most prominent challenges faced by vast majority seeking it given highly expensive nature associated herewith making difficult especially when considering low or middle-level wage earners who might not be able afford it on regular basis thus restricting potential customer base size available from current levels.
The leading players operating in this space such as Avon Products Inc., LVMH Mo?t Hennessy Louis Vuitton SE (LVMH), Est?e Lauder Companies Inc., Procter & Gamble Co., and Unilever PLC.
Due to Covid 19 pandemic situation worldwide majority retail stores dealing within sale of perfume based items were forced shut down temporarily impacting sales volume witnessed herewithin while adversely affecting industry revenue generation capacity downwards causing major concern amongst key stakeholders operating therein
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Perfumes and Perfumery Products Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Perfumes and Perfumery Products Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Perfumes and Perfumery Products Market - Industry Life Cycle |
3.4 Singapore Perfumes and Perfumery Products Market - Porter's Five Forces |
3.5 Singapore Perfumes and Perfumery Products Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Singapore Perfumes and Perfumery Products Market Revenues & Volume Share, By End-User, 2020 & 2030F |
3.7 Singapore Perfumes and Perfumery Products Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Perfumes and Perfumery Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Perfumes and Perfumery Products Market Trends |
6 Singapore Perfumes and Perfumery Products Market, By Types |
6.1 Singapore Perfumes and Perfumery Products Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Premium , 2020-2030F |
6.1.4 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Mass, 2020-2030F |
6.2 Singapore Perfumes and Perfumery Products Market, By End-User |
6.2.1 Overview and Analysis |
6.2.2 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Men, 2020-2030F |
6.2.3 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Women, 2020-2030F |
6.2.4 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Unisex, 2020-2030F |
6.3 Singapore Perfumes and Perfumery Products Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Online, 2020-2030F |
6.3.3 Singapore Perfumes and Perfumery Products Market Revenues & Volume, By Offline, 2020-2030F |
7 Singapore Perfumes and Perfumery Products Market Import-Export Trade Statistics |
7.1 Singapore Perfumes and Perfumery Products Market Export to Major Countries |
7.2 Singapore Perfumes and Perfumery Products Market Imports from Major Countries |
8 Singapore Perfumes and Perfumery Products Market Key Performance Indicators |
9 Singapore Perfumes and Perfumery Products Market - Opportunity Assessment |
9.1 Singapore Perfumes and Perfumery Products Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Singapore Perfumes and Perfumery Products Market Opportunity Assessment, By End-User, 2020 & 2030F |
9.3 Singapore Perfumes and Perfumery Products Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Perfumes and Perfumery Products Market - Competitive Landscape |
10.1 Singapore Perfumes and Perfumery Products Market Revenue Share, By Companies, 2023 |
10.2 Singapore Perfumes and Perfumery Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |