Market Overview:
The global luxury fragrance market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury fragrances among men and women, globally. Additionally, the growing trend of using luxury fragrances as gifts is also propelling the growth of this market. Based on type, the global luxury fragrance market has been segmented into eau de parfum, eau de toilette, eau de cologne, and eau fraiche. Among these segments, the eau de parfum segment is anticipated to account for a major share in terms of revenue in 2018. This can be attributed to its high price point and long-lasting effect as compared to other types of fragrances available in the market. Furthermore, owing to its rising popularity among men and women alike across regions; this segment is projected witness significant growth during the forecast period. On basis application wise Men Fragrance are dominating Global Luxury Fragrance Market with more than 60% Market Share where as Women Fragrance are growing with highest CAGR over Forecast Period .
Product Definition:
Luxury fragrance is a high-end product that is used to scent the body. It can be worn as perfume or cologne and is often made with expensive ingredients. Luxury fragrances are often seen as a status symbol and are popular among celebrities and the wealthy.
Eau de Parfum:
Eau de Parfum is a water-based perfume that contains at least 5% of perfumes. It has been observed that women are more inclined towards this product as compared to men, therefore it has become the most popular category in the luxury fragrance market. Eau de parfum can also be termed as a concentrated essence of perfume; it’s basically an aromatic liquid which consists of oils and alcohols and hence is used for Perfume making.
Eau de Toilette:
Eau de Toilette (EDT) is a lighter, water-based perfume that contains the same amount of fragrance as compared to Eau de Cologne. It has lower concentration than Parfum and usually contain below 30% of alcohol. The product was first introduced in 18th century by the House of Choiseul, an island family in France which owned a perfumery business.
Application Insights:
Men application segment accounted for the largest share of more than 50.0% in 2017. The growing importance of a man's fragrance is driving the demand for luxury perfumes and colognes among women consumers globally. Furthermore, increasing preference towards woody and musky scents is expected to drive men luxury fragrance market over the forecast period.
The children¢â‚¬â„¢s application segment was valued at USD 1,000 million in 2017 owing to high demand from baby product manufacturers worldwide.
Regional Analysis:
North America was the largest regional market in 2017 owing to high product demand. The region is expected to maintain its dominance over the forecast period due to increasing consumer preference for premium products with unique and complex scents. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of rising disposable income, coupled with growing awareness about luxury perfumes among consumers. Moreover, an increase in spending power will boost demand further in developing countries such as India and China, thereby driving growth across this region as well as other regions globally.
The Middle East & Africa (MEA) is anticipated to witness significant growth over the forecast period owing bothto rise in per capita income along with a shift towards more luxurious lifestyles by consumers from basic living standards leading them towards purchasing expensive products including fragrances that are used once.
Growth Factors:
- Increasing disposable income of consumers: The luxury fragrance market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing disposable income of consumers. This is because people are now more willing to spend on high-end products such as luxury fragrances.
- Rising demand for premium and niche fragrances: The demand for premium and niche fragrances is rising among consumers, which is contributing to the growth of the luxury fragrance market. These types of fragrances offer unique aromas that are not found in mass-marketed products, thereby attracting customers looking for something special.
- Proliferation of online retail channels: Online retail channels are proliferating rapidly across the world, providing a convenient platform for purchasing luxury fragrances directly from brands or retailers. This is benefiting the growth prospects of the luxury fragrance market as it allows customers easy access to a wide range of products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Fragrance Market Research Report
By Type
Eau de Parfum, Eau de Toilette, Eau de Cologne, Eau Fraiche, Others
By Application
Men, Women, Children's, Others
By Companies
Avon, Chanel, Coty, LVHM, Elizabeth Arden, Estee Lauder, Gucci Group NV, Gianni Versace, Liz Claiborne, Loreal, Avon, Procter & Gamble, Ralph Lauren, Bulgari
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Fragrance Market Report Segments:
The global Luxury Fragrance market is segmented on the basis of:
Types
Eau de Parfum, Eau de Toilette, Eau de Cologne, Eau Fraiche, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women, Children's, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Avon
- Chanel
- Coty
- LVHM
- Elizabeth Arden
- Estee Lauder
- Gucci Group NV
- Gianni Versace
- Liz Claiborne
- Loreal
- Avon
- Procter & Gamble
- Ralph Lauren
- Bulgari
Highlights of The Luxury Fragrance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Eau de Parfum
- Eau de Toilette
- Eau de Cologne
- Eau Fraiche
- Others
- By Application:
- Men
- Women
- Children's
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Fragrance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury fragrance is a type of perfume that is typically more expensive than other types of perfumes. It often features higher quality ingredients and may be marketed as being for special occasions or for people who are wealthy.
Some of the major companies in the luxury fragrance market are Avon, Chanel, Coty, LVHM, Elizabeth Arden, Estee Lauder, Gucci Group NV, Gianni Versace, Liz Claiborne, Loreal, Avon, Procter & Gamble, Ralph Lauren, Bulgari.
The luxury fragrance market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Fragrance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Fragrance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Fragrance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Fragrance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Fragrance Market Size & Forecast, 2020-2028
4.5.1 Luxury Fragrance Market Size and Y-o-Y Growth
4.5.2 Luxury Fragrance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Eau de Parfum
5.2.2 Eau de Toilette
5.2.3 Eau de Cologne
5.2.4 Eau Fraiche
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.2.3 Children's
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Fragrance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Fragrance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Eau de Parfum
9.6.2 Eau de Toilette
9.6.3 Eau de Cologne
9.6.4 Eau Fraiche
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
9.10.3 Children's
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Eau de Parfum
10.6.2 Eau de Toilette
10.6.3 Eau de Cologne
10.6.4 Eau Fraiche
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
10.10.3 Children's
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Eau de Parfum
11.6.2 Eau de Toilette
11.6.3 Eau de Cologne
11.6.4 Eau Fraiche
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
11.10.3 Children's
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Eau de Parfum
12.6.2 Eau de Toilette
12.6.3 Eau de Cologne
12.6.4 Eau Fraiche
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
12.10.3 Children's
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Eau de Parfum
13.6.2 Eau de Toilette
13.6.3 Eau de Cologne
13.6.4 Eau Fraiche
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
13.10.3 Children's
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Fragrance Market: Competitive Dashboard
14.2 Global Luxury Fragrance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Avon
14.3.2 Chanel
14.3.3 Coty
14.3.4 LVHM
14.3.5 Elizabeth Arden
14.3.6 Estee Lauder
14.3.7 Gucci Group NV
14.3.8 Gianni Versace
14.3.9 Liz Claiborne
14.3.10 Loreal
14.3.11 Avon
14.3.12 Procter & Gamble
14.3.13 Ralph Lauren
14.3.14 Bulgari
