This report provides exclusive insights into the COVID-19 impact on the Luxury Perfume Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Luxury Perfume Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Luxury Perfume Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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.
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
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.
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.