Luxury Perfume Market to Reach $ 2.43 Billion by 2024, Chanel Ltd., Compagnie Financière Richemont SA and Coty Inc. Appear as Main Contributors to Growth | Technavio


LONDON–(COMMERCIAL THREAD) – Technavio is monitoring the luxury perfume market and it is expected to grow by $ 2.43 billion in the period 2020-2024, growing at a CAGR of almost 4% during the forecast period. The report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Frequently Asked Questions-

  • What are the major market trends?
  • One of the major trends in the market is personal care replenishment.

  • How fast should the market grow?
  • With a CAGR of nearly 4%, the incremental market growth is expected to reach $ 2.43 billion.

  • Who are the main players in the market?
  • Chanel Ltd., Compagnie Financière Richemont SA, Coty Inc., Hermès International SA, Kering SA, LOreal SA, LVMH Moët Hennessy – Louis Vuitton, PVH Corp., Ralph Lauren Corp. and The Estee Lauder Companies Inc. are among the major players in the market.

  • What are the main drivers and challenges of the market?
  • The demand of the millennial population is one of the main factors driving the market. However, competition from products available at affordable prices limits the growth of the market.

  • What is the size of the European market?
  • The Europe region will contribute 33% of the market growth.

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See a market overview before you buy

The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Chanel Ltd., Compagnie Financière Richemont SA, Coty Inc., Hermès International SA, Kering SA, LOreal SA, LVMH Moët Hennessy – Louis Vuitton, PVH Corp., Ralph Lauren Corp. and The Estee Lauder Companies Inc. are among the major players in the market. The demand of the millennial population will provide immense opportunities for growth. To make the most of opportunities, market sellers should focus more on growth prospects in fast growing segments, while maintaining their positions in slow growing segments.

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Luxury perfumes market 2020-2024: segmentation

The luxury perfume market is segmented as follows:

  • Final user

  • Geography

    • Europe

    • North America

    • APAC

    • AEM

    • South America

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Luxury perfumes market 2020-2024: Scope

Technavio presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources. The Luxury Fragrances Market report covers the following areas:

  • Luxury fragrance market size

  • Luxury fragrance market trends

  • Luxury perfume market analysis

This study identifies the renewal of personal care as one of the main reasons for the growth of the luxury perfume market in the coming years.

Technavio offers three forecast scenarios (optimistic, probable and pessimistic) given the impact of COVID-19. Technavio’s extensive research has had a direct and indirect impact on COVID-19 market research reports.

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Luxury Perfume Market 2020-2024: Highlights

  • Market CAGR during the forecast period 2020-2024

  • Detailed information on the factors that will contribute to the growth of the luxury perfume market over the next five years

  • Estimation of the size of the luxury perfume market and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the luxury perfume market

  • Market Competitive Landscape Analysis and Detailed Supplier Information

  • Full details of the factors that will challenge the growth of sellers in the luxury perfume market

Contents:

Summary

Market landscape

  • Market ecosystem

  • Value chain analysis

Market sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market Outlook: Forecast for 2019 – 2024

Five forces analysis

  • Summary of the five forces

  • The bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new participants

  • The threat of substitutes

  • Threat of rivalry

  • State of the market

Market segmentation by end user

  • Market segments

  • Comparison by end user

  • Women – Market Size and Forecast 2019-2024

  • Men – Market Size and Forecast 2019-2024

  • Unisex Market Size and Forecast 2019-2024

  • Market opportunity by end user

Market segmentation by distribution channel

  • Market segments

  • Comparison by distribution channel

  • Offline – Market Size and Forecast 2019-2024

  • Online – Market Size and Forecast 2019-2024

  • Market opportunity by distribution channel

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market Size and Forecast 2019-2024

  • North America Market Size and Forecast 2019-2024

  • APAC Market Size and Forecast 2019-2024

  • MEA – Market Size and Forecast 2019-2024

  • South America Market Size and Forecast 2019-2024

  • Main leading countries

  • Market opportunity by geography

  • Volume Factors – Demand Driven Growth

  • Market challenges

  • Market trends

Supplier landscape

  • Overview

  • Supplier landscape

  • Landscape disturbance

Supplier analysis

  • Covered suppliers

  • Positioning of sellers in the market

  • Chanel Ltd.

  • Compagnie Financière Richemont SA

  • Coty Inc.

  • Hermès International SA

  • Kering SA

  • LOreal SA

  • LVMH Moët Hennessy – Louis Vuitton

  • PVH Corp.

  • Ralph Lauren Corp.

  • Estée Lauder Companies Inc.

appendix

  • Scope of the report

  • Currency conversion rates for US $

  • Research methodology

  • Abreviations list

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