A recent report published by Infinium Global Research on luxury perfume market provides in-depth analysis of segments and sub-segments in the global as well as regional luxury perfume market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional luxury perfume market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global luxury perfume market. According to the report, the global luxury perfume market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.

Market Insight

Perfumes are a mixture of fragrant essential oil or aroma compounds. Luxury perfumes have rare ingredients, unparalleled craftsmanship, and dazzling details of the fragrances. Perfumes are gaining importance in the cosmetics and personal care industry. The trend of personal grooming and demand for exotic fragrances propels the expansion of the luxury perfume market.

The rising brand consciousness led to an increased demand for luxury perfumes. The growing expenditure for luxury goods among millennial complement the growth of luxury perfume market. Further, the easy availability of various luxury perfumes through online platforms favors the sales of luxury perfumes. The increasing adoption of the trend among consumers to gift luxury perfumes contributes to the growth of the luxury perfume market. Additionally, the surge in demand for luxury goods promotes the expansion of the luxury perfume market. The growing influence of social media on shopping habits and celebrity endorsement stimulates the expansion of the luxury perfume market. The rise in the per capita income of consumers prefers the quality products. In addition, high investments in advertisements and promotions attract consumers towards the products. On the flip side, some allergies with the use of luxury perfumes hamper the growth of the luxury perfume market. Moreover, new product launches with different fragrances create numerous opportunities in the global luxury perfume market.

Geographically, the global luxury perfume market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a dominant share in the global luxury perfume market. The market players in North America are focused on personalization in product offerings contributing to the growth of the luxury perfume market in the region. Asia-Pacific region is anticipated to have the fastest CAGR in the global luxury perfume market over the forecast period. The companies are adopting partnerships strategies with the e-commerce retail stores that strengthen the distribution channel in Asia-Pacific led to the expansion of the luxury perfume market in the region. Europe has a significant share in the global luxury perfume market owing to the popular fragrances available in the countries in Europe.

Segment Covered

The report on global luxury perfume market covers segments such as price, end-user, and distribution channel. On the basis of price, the sub-markets include $50 - $100, $100 - $200, and above $200. On the basis of end-user, the sub-markets include male, female, and unisex. On the basis of distribution channel, the sub-markets include specialty store, and online store.

Companies Profiled:

The report provides profiles of the companies in the market such as Pheonix Fragrance Ltd., Guccio Gucci S.p.A., Giorgio Armani S.p.A., Clive Christian Perfume, Floris London, Louis Vuitton, L&L Luxury Company Ltd., Creed Boutique, LLC, Hermes International S.A., The Estee Lauder Companies Inc., and Other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of luxury perfume market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.