The luxury perfume market is expected to grow at a CAGR of 6.2% during the forecast period (2020-2027).
- Growing brand awareness and increasing spending on luxury goods among millennials has supported the market growth in recent years. Due to the strong demand from the younger generation, the key players are now offering various offers on their products as well as personalized luxury perfume packaging. This strategy makes the products quite affordable and supports the growth of the market.
- In addition, the growing tendency among consumers to buy luxury perfumes as a gift is further influencing the sales of luxury perfumes across the world.
- In addition, the growing influence of social media on shopping habits, celebrity endorsement is likely to support the growth of the luxury perfume market in the years to come. In addition, easy availability of luxury perfumes in various regions via the online platform influences the sales of luxury perfumes in recent years.
To note: Since the outbreak of the COVID-19 virus in December 2019, the epidemic has spread to almost every country in the world, with the World Health Organization (WHO) announcing the 2019 coronavirus disease (COVID-19) like a pandemic. Our research report on Luxury Fragrances Market shows that successful companies seek growth in all dimensions, namely core, geographic, upstream and downstream expansion of the value chain and in adjacent spaces.
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Luxury perfume market: landscape of competition
-Detailed profiles of luxury perfume vendors have been provided in the report to assess their finances, key product offerings, recent developments and strategies
-The Luxury Perfumes market is fragmented due to the presence of several players. Competition is expected to intensify in the coming years due to the entry of several local players.
The main players operating in the global luxury perfumes market are: Chanel, Estee Lauder, Guccio Gucci, Hermes, Ralph Lauren, Annick Goutal, Baccarat, Clive Christian, Dior, DKNY, JAR, Jean Patou,, praju, others.
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Luxury Perfume Market, By Product Type:
Luxury Fragrances Market, By Application:
Luxury perfume market, by geography
Middle East and Africa
Based on regional analysis, the global luxury perfume market is divided into North America, Europe, Asia-Pacific, South America, Middle East and Africa. It also explains the revenue and volume analysis of each region and their respective countries for the forecast years. It also contains the volume and revenue by country from 2016 to 2021.
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Scope of the report
A new study on the Global Luxury Perfume Market has been published by Stats and Research (SNR). It presents a wealth of information on key market dynamics including market drivers, trends and challenges as well as the global Luxury Perfume market structure across the globe. An SNR study offers valuable insights into the global luxury perfume market to illustrate the growth of the market during the forecast period 2021-2027.
A unique research methodology has been used by SNR to conduct comprehensive research on the growth of the global Luxury Perfumes market. It is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions drawn.
The SNR study on the Global Luxury Perfume Market comprises information categorized into six sections – product, application, distribution channel, and region. Changing industry trends and other crucial market dynamics associated with these sections of the Luxury Perfume market are discussed in detail.
1. Analysis of macroeconomic and microeconomic factors
2. Analysis of product trends
3. Statistical tools
4. Trend projection
5. Exponential smoothing
Scope of customization
Free customization of the report (equivalent to up to 4 working days for the analyst) with purchase. Addition or modification of national, regional and segmental scope
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