Market Overview:
The global luxury fragrance oil 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 across different applications, such as beauty agencies and homecare. Additionally, the growing awareness about the benefits of using essential oils is also propelling the growth of this market. Based on type, the global luxury fragrance oil market has been segmented into compound essential oil and unilateral essential oil. The compound essential oil segment is anticipated to account for a larger share in terms of revenue in 2018 and is projected to grow at a higher CAGR during the forecast period as compared to unilateral essential oils segment. This can be attributed to its various benefits such as aromatherapy, skin care and hair care among others which are driving its demand globally. On basis of application, beauty agencies accounted for majority share in 2017 and it is projected that it will maintain its dominance throughout 2030 owing to increase in number os salons & spas across globe coupled with rising disposable income levels especially in developing countries including India & China .
Product Definition:
Luxury Fragrance Oil is a high-quality fragrance oil that can be used in a variety of applications, such as candles, perfumes, and soaps. It is important for luxury fragrances because it allows people to smell great and feel confident.
Compound Essential Oil:
Compound essential oil is a complex blend of volatile essential oils, fixed oils and carrier molecules which are extracted from plants with the help of distillation. Compound essential oils offer various health benefits apart from being used in personal care products for their fragrance. They have antimicrobial, antifungal, antiviral properties which help to cure several skin problems like acne & dermatitis among others. These also help to reduce stress levels and anxiety along with providing relief from pain caused by inflammation etc.
Unilateral Essential Oil:
Unilateral essential oil is a single essential oil that has high therapeutic value and demand in the fragrance industry. The therapeutic effect of these oils depends on the carrier that holds them. For instance, clove cigarettes are known to contain valuable oils such as clove leaf, cinnamon leaf, tobacco stem and other lesser known herbs.
Application Insights:
The beauty agencies application segment accounted for the largest revenue share of over 40% in 2017. The beauty agencies are increasingly using luxury fragrance oils to enhance their product offering as these oils smell good and also help create an image of a premium product. Increasingly popular social media influencers have influenced the buying decisions of many consumers towards specific products through their blogs, YouTube channels and other online platforms. This has positively impacted the sales generated by beauty agencies across countries such as U.S., China, India, Indonesia etc., where there is a huge demand for personal care products due to increasing middle-class population with higher spending power in these economies over the past few years.
Regional Analysis:
North America was the largest regional market in 2017 owing to high demand from the U.S. and Canada for premium quality products. The region is projected to maintain its dominance over the forecast period due to increasing consumer spending on personal care products, along with growing awareness about organic and natural ingredients among consumers of North America.
Asia Pacific is expected to be one of the fastest-growing markets at a CAGR of XX% from 2018 to 2030 owing an increase in product usage for homecare as well as beauty applications by customers, which will drive growth over the next eight years. In addition, rising disposable income levels coupled with expanding middle class population groups in countries such as China and India are likely boost fragrance oil consumption significantly over this period; thereby driving growth across this region also – except Middle East & Africa (MEA).
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury fragrance oil market is mainly attributed to the increasing disposable income of consumers, especially in developing countries. This has led to an increase in demand for premium and luxury products, including luxury fragrances.
- Rising popularity of online retailing: Another major factor driving the growth of the global luxury fragrance oil market is the rising popularity of online retailing, which offers convenience and a wide range of choices to consumers. This has helped boost sales of premium fragrances significantly in recent years.
- Growing trend towards personalization: A key trend that is benefiting the growth prospects for luxury fragrance oils is the growing trend towards personalization, with more people preferring unique scents that represent their individual personalities or lifestyles. This provides opportunities for players operating in this market to introduce new and innovative products catering to this demand segmentation.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Fragrance Oil Market Research Report
By Type
Compound Essential Oil, Unilateral Essential Oil
By Application
Beauty Agencies, Homecare
By Companies
Young Living, DōTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs, GuruNanda, Aura Cacia, Plant Guru
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Fragrance Oil Market Report Segments:
The global Luxury Fragrance Oil market is segmented on the basis of:
Types
Compound Essential Oil, Unilateral Essential Oil
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
Beauty Agencies, Homecare
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:
- Young Living
- DōTERRA
- Edens Garden
- Radha Beauty
- Majestic Pure
- Now Foods
- ArtNaturals
- Healing Solutions
- Rocky Mountain
- Plant Therapy
- Mountain Rose Herbs
- GuruNanda
- Aura Cacia
- Plant Guru
Highlights of The Luxury Fragrance Oil 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:
- Compound Essential Oil
- Unilateral Essential Oil
- By Application:
- Beauty Agencies
- Homecare
- 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 Oil 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 oil is a type of fragrance oil that is made with high-quality ingredients and has a luxurious, expensive smell. These oils are often used in body care products, such as lotions and creams, because they give the product a luxurious feel.
Some of the major companies in the luxury fragrance oil market are Young Living, DÅTERRA, Edens Garden, Radha Beauty, Majestic Pure, Now Foods, ArtNaturals, Healing Solutions, Rocky Mountain, Plant Therapy, Mountain Rose Herbs, GuruNanda, Aura Cacia, Plant Guru.
The luxury fragrance oil market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Fragrance Oil 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 Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Fragrance Oil 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 Oil 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 Oil Market Size & Forecast, 2018-2028
4.5.1 Luxury Fragrance Oil Market Size and Y-o-Y Growth
4.5.2 Luxury Fragrance Oil Market Absolute $ Opportunity
Chapter 5 Global Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Type
5.2.1 Compound Essential Oil
5.2.2 Unilateral Essential Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Applications
6.2.1 Beauty Agencies
6.2.2 Homecare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Fragrance Oil 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 Oil 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 Luxury Fragrance Oil Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Type
9.6.1 Compound Essential Oil
9.6.2 Unilateral Essential Oil
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 Luxury Fragrance Oil Market Size Forecast by Applications
9.10.1 Beauty Agencies
9.10.2 Homecare
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 Luxury Fragrance Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Type
10.6.1 Compound Essential Oil
10.6.2 Unilateral Essential Oil
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 Luxury Fragrance Oil Market Size Forecast by Applications
10.10.1 Beauty Agencies
10.10.2 Homecare
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 Luxury Fragrance Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Type
11.6.1 Compound Essential Oil
11.6.2 Unilateral Essential Oil
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 Luxury Fragrance Oil Market Size Forecast by Applications
11.10.1 Beauty Agencies
11.10.2 Homecare
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 Luxury Fragrance Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Fragrance Oil 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 Luxury Fragrance Oil Market Size Forecast by Type
12.6.1 Compound Essential Oil
12.6.2 Unilateral Essential Oil
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 Luxury Fragrance Oil Market Size Forecast by Applications
12.10.1 Beauty Agencies
12.10.2 Homecare
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) Luxury Fragrance Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Fragrance Oil 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) Luxury Fragrance Oil Market Size Forecast by Type
13.6.1 Compound Essential Oil
13.6.2 Unilateral Essential Oil
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) Luxury Fragrance Oil Market Size Forecast by Applications
13.10.1 Beauty Agencies
13.10.2 Homecare
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 Oil Market: Competitive Dashboard
14.2 Global Luxury Fragrance Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Young Living
14.3.2 DōTERRA
14.3.3 Edens Garden
14.3.4 Radha Beauty
14.3.5 Majestic Pure
14.3.6 Now Foods
14.3.7 ArtNaturals
14.3.8 Healing Solutions
14.3.9 Rocky Mountain
14.3.10 Plant Therapy
14.3.11 Mountain Rose Herbs
14.3.12 GuruNanda
14.3.13 Aura Cacia
14.3.14 Plant Guru
