$4.2 Billion Growth Opportunity in Luxury Fragrance Market | Dominated by Amorepacific Group Inc., Burberry Group Plc and Clive Christian Perfume Ltd.

The luxury perfume market is driven by the increase in demand from the millennial population. Millennials are extremely brand conscious and tend to spend more on higher quality products. Also, the population segment is more tech-savvy and is likely to purchase specific toiletries such as perfumes online based on brand loyalty. Additionally, higher disposable incomes allow millennials to spend more on aspirational items like expensive perfumes. This encourages sellers to introduce a variety of luxury fragrances and increase sales. All these factors are driving the growth of the global luxury perfume market.

In addition, personal care replenishment and influential endorsements from celebrities and social media will further accelerate the growth of the global luxury fragrance market.

Some of the main players in luxury perfume:

Amorepacific Group Inc.: The company offers luxury perfumes through its brands like Fradore, Mamonde, etc.

Burberry Group Plc: The company offers a wide range of luxury perfumes with the best craftsmanship and design.

Clive Christian Perfume Ltd. : The company offers a wide range of luxury perfumes such as X Feminine, Matsukita and others.

Coty Inc.: The company offers luxury fragrances under the Tiffany and Co brand.

L and L LUXURY CO. LTD. : The company offers a wide range of luxury fragrances through its Royal Collection.

Luxury Fragrance Market End User Outlook (Revenue, USD Billion, 2020-2025)

  • Women – size and forecast 2020-2025
  • Men – size and forecast 2020-2025
  • Unisex – size and forecast 2020-2025

Luxury Fragrance Market Distribution Channel Outlook (Revenue, USD Billion, 2020-2025)

  • Offline – size and forecast 2020-2025
  • Online – size and forecast 2020-2025

Geographical Outlook of the Luxury Perfume Market (Revenue, Billion USD, 2020-2025)

  • Europe – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • APAC – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025
  • South America – size and forecast 2020-2025

Per end-user, the market witnessed maximum demand from the female segment. Similarly, in terms of distribution channels, the offline segment represents the maximum sales of luxury perfumes.

By geography, Europe is identified as the largest market for the luxury market. The region accounts for 37% of the global market share. Factors such as high standard of living, increased introduction of innovative products, high brand value of the products offered in the market, growing urbanization, and rising household expenditure are driving the growth of the fragrance market. luxury in Europe.

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Related reports:

U.S. Perfume Market by End User and Distribution Channel – Forecast and Analysis 2021-2025

Perfume market in India by Distribution Channel and Type – Forecast and Analysis 2022-2026

Scope of the luxury perfume market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6.09%

Market Growth 2021-2025

$4.20 billion

Market structure

Fragmented

Annual growth (%)

5.95

Regional analysis

Europe, North America, APAC, MEA and South America

Successful market contribution

Europe at 37%

Main consumer countries

United States, China, Germany, United Kingdom and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Amorepacific Group Inc., Burberry Group Plc, Clive Christian Perfume Ltd., Coty Inc., L and L LUXURY CO. LTD., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, PVH Corp., Shiseido Co. Ltd., and The Estée Lauder Co. Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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