Global Luxury Perfume Market, By End User (Men, Women, Unisex), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online retail, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Luxury Perfume Market
The luxury perfume market is expected to witness market growth at a rate of 6.20% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 21479.82 million by 2028. Data Bridge Market Research report on luxury perfume market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization is escalating the growth of luxury perfume market.
Luxury perfumes refer to the type of perfumes that possess unique fragrances and are highly desirable. These products are exclusively manufactured with rare fragrances, along with finest ingredients, that makes an individual unique and appealing. Luxury perfumes are produced with fragrances that are more sophisticated with subtle tones and perfect balance. Manufacturers focus on the design of scent bottles for making the luxury perfumes more premium and exclusive.
The rise in the popularity of the luxury perfume, among population especially in younger generation acts as one of the major factors driving the growth of luxury perfume market. The increase in influence of social media on shopping habits, along with celebrity’s endorsement, and rise in trend of gifting exclusive perfumes on special occasions such as festivals, birthdays, and anniversaries, among others accelerate the market growth. The increase in the beauty consciousness among people and large preference for luxury lifestyle and products further influence the market. Additionally, changing lifestyles, wide availability of products by huge brands and surge in the disposable income of people positively affect the luxury perfume market. Furthermore, innovations in the product and customized fragrances and packaging extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high cost associated with the luxury perfume is expected to obstruct the market growth. The availability of counterfeit products is projected to challenge the luxury perfume market in the forecast period of 2021-2028.
This luxury perfume market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on luxury perfume market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Luxury Perfume Market Scope and Market Size
The luxury perfume market is segmented on the basis of end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of end user, the luxury perfume market is segmented into men, women and unisex.
- On the basis of distribution channel, the luxury perfume market is segmented into supermarkets and hypermarkets, specialty stores, online retail and others.
Luxury Perfume Market Country Level Analysis
The luxury perfume market is segmented into is analyzed and market size, volume information is provided by country, end user and distribution channel as referenced above.
The countries covered in the global luxury perfume market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the luxury perfume market due to the high focus on personalization in product offering and popularity of lighter-scented luxury perfumes within the region. Europe is expected to witness high growth during the forecast period of 2021 to 2028 because of the presence of various industry players in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Luxury Perfume Market Share Analysis
The luxury perfume market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to luxury perfume market.
The major players covered in the luxury perfume market report are Chanel SA, LVMH, Burberry, Estée Lauder Inc., Elizabeth Arden, Inc., DOLCE&GABBANA, Tommy Hilfiger licensing, LLC, Lacome, NARS, Christian Dior SE, Laura Mercier Cosmetics, Charlotte Tilbury Beauty Ltd., Chanel, Estee Lauder Companies Inc., LOreal S.A, Tatcha LLC, Giorgio Armani S.p.A, Biotherm, Guerlain, Shiseido Company Limited, Givenchy, Estee Lauder Companies Inc., Yves Saint Laurent Beaute, Shiseido Company Limited, Burt’s Bees, Inc., Arbonne International, LLC, and Puig SL, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.