Luxury Perfume Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Luxury perfumes have unique fragrances and are highly desirable. They are exclusively manufactured with rare fragrances and the finest ingredients, which make a person unique and appealing. The fragrances used in luxury perfumes are more sophisticated with subtle tones and perfect balance. Manufacturers also focus on the design of scent bottles to make the luxury perfumes more premium and exclusive.
MARKET DYNAMICS
At present, people are highly brand conscious and tend to spend heavily on premium goods. These are the crucial factors driving the growth of the luxury perfume market. Moreover, the emerging trend of gifting exclusive perfumes on special occasions such as festivals, birthdays, anniversaries, etc., is also expected to boost the product demand over the forecast period. Furthermore, the growing influence of celebrities and social media influencers on the shopping patterns of consumers is also anticipated to contribute to the demand for luxury perfumes in the forthcoming years. Additionally, manufacturers offer customized fragrances and packaging, which is expected to create potential growth opportunities for luxury perfumes in the global market.
MARKET SCOPE
The "Global Luxury Perfume Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the luxury perfume market with detailed market segmentation by end user and distribution channel. The global luxury perfume market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading luxury perfume market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global luxury perfume market is segmented into end user and distribution channel. By end user, the luxury perfume market is bifurcated into men, women, and unisex. By distribution channel, the luxury perfume market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury perfume market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The luxury perfume market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the luxury perfume market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the luxury perfume market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury perfume market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The luxury perfume market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the luxury perfume market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the luxury perfume market in these regions.
MARKET PLAYERS
The report covers vital developments in the luxury perfume market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury perfume market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury perfume in the global market. Below mentioned is the list of few companies engaged in the luxury perfume market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury perfume market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- L&L Luxury Company Ltd.
- Pheonix Fragrance Ltd.
- Guccio Gucci S.p.A.
- Louis Vitton
- Clive Christian
- Floris London
- Giorgio Armani S.p.A.
- Creed Boutique, LLC
- Estée Lauder Companies Inc.
- Hermès International S.A.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Luxury Perfume Market - By End User
1.3.2 Luxury Perfume Market - By Distribution Channel
1.3.3 Luxury Perfume Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LUXURY PERFUME MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LUXURY PERFUME MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LUXURY PERFUME MARKET - GLOBAL MARKET ANALYSIS
6.1. LUXURY PERFUME - GLOBAL MARKET OVERVIEW
6.2. LUXURY PERFUME - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LUXURY PERFUME MARKET - REVENUE AND FORECASTS TO 2028 - END USER
7.1. OVERVIEW
7.2. END USER MARKET FORECASTS AND ANALYSIS
7.3. MEN
7.3.1. Overview
7.3.2. Men Market Forecast and Analysis
7.4. WOMEN
7.4.1. Overview
7.4.2. Women Market Forecast and Analysis
7.5. UNISEX
7.5.1. Overview
7.5.2. Unisex Market Forecast and Analysis
8. LUXURY PERFUME MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. supermarkets and hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. specialty stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. online retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. others Market Forecast and Analysis
9. LUXURY PERFUME MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Luxury Perfume Market Overview
9.1.2 North America Luxury Perfume Market Forecasts and Analysis
9.1.3 North America Luxury Perfume Market Forecasts and Analysis - By End User
9.1.4 North America Luxury Perfume Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Luxury Perfume Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Luxury Perfume Market
9.1.5.1.1 Canada Luxury Perfume Market by End User
9.1.5.1.2 Canada Luxury Perfume Market by Distribution Channel
9.1.5.2 Mexico Luxury Perfume Market
9.1.5.2.1 Mexico Luxury Perfume Market by End User
9.1.5.2.2 Mexico Luxury Perfume Market by Distribution Channel
9.1.5.3 US Luxury Perfume Market
9.1.5.3.1 US Luxury Perfume Market by End User
9.1.5.3.2 US Luxury Perfume Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Luxury Perfume Market Overview
9.2.2 Europe Luxury Perfume Market Forecasts and Analysis
9.2.3 Europe Luxury Perfume Market Forecasts and Analysis - By End User
9.2.4 Europe Luxury Perfume Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Luxury Perfume Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Luxury Perfume Market
9.2.5.1.1 Germany Luxury Perfume Market by End User
9.2.5.1.2 Germany Luxury Perfume Market by Distribution Channel
9.2.5.2 France Luxury Perfume Market
9.2.5.2.1 France Luxury Perfume Market by End User
9.2.5.2.2 France Luxury Perfume Market by Distribution Channel
9.2.5.3 Italy Luxury Perfume Market
9.2.5.3.1 Italy Luxury Perfume Market by End User
9.2.5.3.2 Italy Luxury Perfume Market by Distribution Channel
9.2.5.4 United Kingdom Luxury Perfume Market
9.2.5.4.1 United Kingdom Luxury Perfume Market by End User
9.2.5.4.2 United Kingdom Luxury Perfume Market by Distribution Channel
9.2.5.5 Russia Luxury Perfume Market
9.2.5.5.1 Russia Luxury Perfume Market by End User
9.2.5.5.2 Russia Luxury Perfume Market by Distribution Channel
9.2.5.6 Rest of Europe Luxury Perfume Market
9.2.5.6.1 Rest of Europe Luxury Perfume Market by End User
9.2.5.6.2 Rest of Europe Luxury Perfume Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Luxury Perfume Market Overview
9.3.2 Asia-Pacific Luxury Perfume Market Forecasts and Analysis
9.3.3 Asia-Pacific Luxury Perfume Market Forecasts and Analysis - By End User
9.3.4 Asia-Pacific Luxury Perfume Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Luxury Perfume Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Luxury Perfume Market
9.3.5.1.1 Australia Luxury Perfume Market by End User
9.3.5.1.2 Australia Luxury Perfume Market by Distribution Channel
9.3.5.2 China Luxury Perfume Market
9.3.5.2.1 China Luxury Perfume Market by End User
9.3.5.2.2 China Luxury Perfume Market by Distribution Channel
9.3.5.3 India Luxury Perfume Market
9.3.5.3.1 India Luxury Perfume Market by End User
9.3.5.3.2 India Luxury Perfume Market by Distribution Channel
9.3.5.4 Japan Luxury Perfume Market
9.3.5.4.1 Japan Luxury Perfume Market by End User
9.3.5.4.2 Japan Luxury Perfume Market by Distribution Channel
9.3.5.5 South Korea Luxury Perfume Market
9.3.5.5.1 South Korea Luxury Perfume Market by End User
9.3.5.5.2 South Korea Luxury Perfume Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Luxury Perfume Market
9.3.5.6.1 Rest of Asia-Pacific Luxury Perfume Market by End User
9.3.5.6.2 Rest of Asia-Pacific Luxury Perfume Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Luxury Perfume Market Overview
9.4.2 Middle East and Africa Luxury Perfume Market Forecasts and Analysis
9.4.3 Middle East and Africa Luxury Perfume Market Forecasts and Analysis - By End User
9.4.4 Middle East and Africa Luxury Perfume Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Luxury Perfume Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Luxury Perfume Market
9.4.5.1.1 South Africa Luxury Perfume Market by End User
9.4.5.1.2 South Africa Luxury Perfume Market by Distribution Channel
9.4.5.2 Saudi Arabia Luxury Perfume Market
9.4.5.2.1 Saudi Arabia Luxury Perfume Market by End User
9.4.5.2.2 Saudi Arabia Luxury Perfume Market by Distribution Channel
9.4.5.3 U.A.E Luxury Perfume Market
9.4.5.3.1 U.A.E Luxury Perfume Market by End User
9.4.5.3.2 U.A.E Luxury Perfume Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Luxury Perfume Market
9.4.5.4.1 Rest of Middle East and Africa Luxury Perfume Market by End User
9.4.5.4.2 Rest of Middle East and Africa Luxury Perfume Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Luxury Perfume Market Overview
9.5.2 South and Central America Luxury Perfume Market Forecasts and Analysis
9.5.3 South and Central America Luxury Perfume Market Forecasts and Analysis - By End User
9.5.4 South and Central America Luxury Perfume Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Luxury Perfume Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Luxury Perfume Market
9.5.5.1.1 Brazil Luxury Perfume Market by End User
9.5.5.1.2 Brazil Luxury Perfume Market by Distribution Channel
9.5.5.2 Argentina Luxury Perfume Market
9.5.5.2.1 Argentina Luxury Perfume Market by End User
9.5.5.2.2 Argentina Luxury Perfume Market by Distribution Channel
9.5.5.3 Rest of South and Central America Luxury Perfume Market
9.5.5.3.1 Rest of South and Central America Luxury Perfume Market by End User
9.5.5.3.2 Rest of South and Central America Luxury Perfume Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LUXURY PERFUME MARKET, KEY COMPANY PROFILES
11.1. L AND L LUXURY COMPANY LTD
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PHEONIX FRAGRANCE LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GUCCIO GUCCI SPA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LOUIS VITTON
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CLIVE CHRISTIAN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FLORIS LONDON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GIORGIO ARMANI SPA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CREED BOUTIQUE LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ESTéE LAUDER COMPANIES INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HERMèS INTERNATIONAL SA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. L and L Luxury Company Ltd
2. Pheonix Fragrance Ltd
3. Guccio Gucci SpA
4. Louis Vitton
5. Clive Christian
6. Floris London
7. Giorgio Armani SpA
8. Creed Boutique LLC
9. Estée Lauder Companies Inc
10. Hermès International SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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