Market Overview:
The global luxury perfume 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 perfumes across different regions. Additionally, the growing awareness about the benefits of using luxury perfumes is also propelling the growth of this market. Based on type, the global luxury perfume market has been segmented into eau de toilette and eau de parfum. Eau de toilette dominates this market and is expected to account for a major share during the forecast period. This can be attributed to its light fragrance that does not overpower users’ senses like other types of perfumes do. Additionally, it lasts longer than other types of perfumes and hence is preferred by many consumers worldwide. Based on application, men’s luxury perfume dominates this market followed by women’s luxury perfume segments respectively in terms value share contribution in 2017 . However , over th e co ming years , t he womens ‘luxury perfu me segm ent i s expec ted t o g row at a hig her CAGR as compared to men ‘s lux ury perfu me segm en t dueto increasin g number o f working women an d their rising disposable income levels across different countries .
Product Definition:
Luxury perfume is a high-end fragrance that is meant to convey an air of luxury, wealth, and sophistication. It is often created with rare, expensive ingredients and typically has a higher price tag than other perfumes. Luxury perfume can be used to make an impression at special occasions or to simply make everyday tasks feel more luxurious.
Eau De Toilette:
Eau de toilette, also known as parfum or scented oil, is a light-weight liquid perfume that adheres to the skin. It has been observed that people prefer using eau de toilette than an intense perfume because of its easy application and less obtrusive nature. Eau de toilette contains lower concentration of oils and chemicals as compared to an intense perfume which makes it lighter on the nose and easier on the skin.
Eau De Paefum:
Eau de paefum is a concentrated essence of perfume, extracted from the flower heads of the plant called Paeonia. It is also known as French Perfume or Eau de Toilette (EDT). The concentration obtained is usually more than 90% and has a strong fragrance. Paefum can be used in various applications such as cosmetics, soaps & detergents, incense sticks and even food products.
Application Insights:
For women application held the largest share of more than 60.0% in 2017. This is attributed to growing preference for feminine and floral perfumes among several working class women in emerging economies including India, China and Brazil. Growing demand for eau de parfum as well as eau de toilette by office-goers and female students is expected to boost market growth over the forecast period.
The For Men segment is expected to witness significant growth over the forecast period owing to increasing demand for woody, musky and spicy scents among male consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its position throughout the forecast years owing to high disposable income and preference for products with a longer shelf life. Europe accounted for over 25% of the total share in 2017, which can be attributed to growing product demand from countries including Germany, France, Italy and U.K. Asia Pacific is projected to register fastest growth during the forecast period owing to rising purchasing power of consumers and increasing awareness about these products among men as well as women alike.
Growth Factors:
- Increasing disposable income of consumers: The growth in the luxury perfume market is mainly attributed to the increase in disposable income of consumers, especially in developing countries. This has led to an increase in demand for premium and luxury products, including perfumes.
- Rising popularity of online shopping: The growth of online retailing has provided a convenient platform for consumers to purchase luxury perfumes. This has helped boost the sales of these products significantly.
- Growing trend of gifting perfumes: Perfumes are considered as ideal gifts owing to their affordability and wide range of options available in the market. This is another key factor that is driving the growth of the global luxury perfume market.
- . Proliferation of celebrity fragrances: A large number celebrities are endorsing different brands or launching their own line o fragrances, which is contributing significantly towards the growth o this market segment .This trend is particularly prominent among millennials who account for a major chunk o global luxury perfume sales .
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Perfume Market Research Report
By Type
Eau De Toilette, Eau De Paefum
By Application
For Men, For Women
By Companies
Chanel, Estee Lauder, Guccio Gucci, Hermes, Ralph Lauren, Annick Goutal, Baccarat, Clive Christian, Dior, Dkny, Chanel
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Perfume Market Report Segments:
The global Luxury Perfume market is segmented on the basis of:
Types
Eau De Toilette, Eau De Paefum
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
For Men, For Women
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:
- Chanel
- Estee Lauder
- Guccio Gucci
- Hermes
- Ralph Lauren
- Annick Goutal
- Baccarat
- Clive Christian
- Dior
- Dkny
- Chanel
Highlights of The Luxury Perfume 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 Toilette
- Eau De Paefum
- By Application:
- For Men
- For Women
- 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 Perfume 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 perfume is a type of fragrance that is typically more expensive than other types of fragrances. It often features higher quality ingredients and may be designed to last longer on the skin.
Some of the key players operating in the luxury perfume market are Chanel, Estee Lauder, Guccio Gucci, Hermes, Ralph Lauren, Annick Goutal, Baccarat, Clive Christian, Dior, Dkny, Chanel.
The luxury perfume 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 Perfume 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 Perfume Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Perfume 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 Perfume 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 Perfume Market Size & Forecast, 2018-2028
4.5.1 Luxury Perfume Market Size and Y-o-Y Growth
4.5.2 Luxury Perfume Market Absolute $ Opportunity
Chapter 5 Global Luxury Perfume 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 Perfume Market Size Forecast by Type
5.2.1 Eau De Toilette
5.2.2 Eau De Paefum
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Perfume 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 Perfume Market Size Forecast by Applications
6.2.1 For Men
6.2.2 For Women
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Perfume 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 Perfume 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 Perfume Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Perfume 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 Perfume Market Size Forecast by Type
9.6.1 Eau De Toilette
9.6.2 Eau De Paefum
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 Perfume Market Size Forecast by Applications
9.10.1 For Men
9.10.2 For Women
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 Perfume Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Perfume 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 Perfume Market Size Forecast by Type
10.6.1 Eau De Toilette
10.6.2 Eau De Paefum
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 Perfume Market Size Forecast by Applications
10.10.1 For Men
10.10.2 For Women
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 Perfume Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Perfume 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 Perfume Market Size Forecast by Type
11.6.1 Eau De Toilette
11.6.2 Eau De Paefum
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 Perfume Market Size Forecast by Applications
11.10.1 For Men
11.10.2 For Women
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 Perfume Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Perfume 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 Perfume Market Size Forecast by Type
12.6.1 Eau De Toilette
12.6.2 Eau De Paefum
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 Perfume Market Size Forecast by Applications
12.10.1 For Men
12.10.2 For Women
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 Perfume Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Perfume 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 Perfume Market Size Forecast by Type
13.6.1 Eau De Toilette
13.6.2 Eau De Paefum
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 Perfume Market Size Forecast by Applications
13.10.1 For Men
13.10.2 For Women
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 Perfume Market: Competitive Dashboard
14.2 Global Luxury Perfume Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chanel
14.3.2 Estee Lauder
14.3.3 Guccio Gucci
14.3.4 Hermes
14.3.5 Ralph Lauren
14.3.6 Annick Goutal
14.3.7 Baccarat
14.3.8 Clive Christian
14.3.9 Dior
14.3.10 Dkny
14.3.11 Chanel
