NEW YORK, Dec. 9, 2021 /PRNewswire/ -- The perfume market share growth in India by the online segment will be significant for revenue generation. Changes in shopping preferences have propelled the sales of perfumes through the online channel. Presently, most consumers make their purchase decisions based on online research through websites, blogs, and social media. Strong infrastructure for the penetration of e-commerce services has also propelled the preference for the online distribution channel. The increasing Internet penetration and the rising use of smartphones are driving the growth of this format. Owing to the growing sales of perfumes online, vendors are expanding their online presence across India as well as internationally.

The global perfume market in India is expected to grow by USD 1.02 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 14.89% as per the latest report by Technavio 

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Read the 120-page report with TOC on "Perfume Market in India Analysis Report by Distribution Channel (online and offline) and Type (deodorant and perfume), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. 

The perfume market in India is driven by the increasing demand from the millennial population. However, the factors such as counterfeit products available in the market may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This perfume market analysis report of India also provides detailed information on other upcoming trends  that will have a far-reaching effect on the market growth

Some of the key Perfume in India Players:

The perfume market in India is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Avon Products Inc.
• Beiersdorf AG
• CavinKare Pvt. Ltd.
• Emami Ltd.
• Hindustan Unilever Ltd.
• ITC Ltd.
• Marico Ltd.
• McNROE Consumer Products Pvt. Ltd
• The Raymond Corp.
• VINI INTERNATIONAL FZE

The perfume market in India forecast report by Technavio offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

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Perfume Market In India Distribution Channel Outlook (Revenue, USD bn, 2021-2026)

• Online - size and forecast 2021-2026
• Offline - size and forecast 2021-2026

Perfume Market In India Type Outlook (Revenue, USD bn, 2021-2026)

• Deodorant - size and forecast 2021-2026
• Perfume - size and forecast 2021-2026

The report provides an accurate prediction of the contribution of all the segments to the growth of the perfume market size in India and actionable market insights on each segment.

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Luxury Perfume Market -The luxury perfume market share is expected to increase by USD 4.20 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.09%. Download a free sample now!

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SOURCE Technavio