PUBLISHER: TechNavio | PRODUCT CODE: 1384510
PUBLISHER: TechNavio | PRODUCT CODE: 1384510
The luxury perfume market is forecasted to grow by USD 5,591.72 mn during 2023-2028, accelerating at a CAGR of 6.71% during the forecast period. The report on the luxury perfume market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in demand from millennials, rising focus on and importance of personal grooming, and influential endorsements by celebrities on social media.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.34% |
CAGR | 6.71% |
Incremental Value | $5591.72mn |
Technavio's luxury perfume market is segmented as below:
By Distribution Channel
By End-user
By Geographical Landscape
This study identifies the rising purchase of perfumes for gifting purposes as one of the prime reasons driving the luxury perfume market growth during the next few years. Also, product bundling and availability of natural, customized, and unisex perfumes will lead to sizable demand in the market.
The report on the luxury perfume market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury perfume market vendors that include Amorepacific Corp., Capri Holdings Ltd., Cartier SA, Chanel Ltd., Clive Christian Perfume Ltd., Coty Inc., Giorgio Armani S.p.A., Hermes International SA, IDAM Natural Wellness Pvt. Ltd., L and L LUXURY CO. LTD., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, PVH Corp., Ralph Lauren Corp., Revlon Inc., Shiseido Co. Ltd., The Donna Karan Company Store LLC, The Estee Lauder Companies Inc., Tom Ford International LLC, and Byredo Group. Also, the luxury perfume market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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