NEW YORK, Nov. 3, 2023 /PRNewswire/ —
Luxury perfume market insights –
- Vendors: 15+, Including Amorepacific Group Inc., Burberry Group Plc, Clive Christian Perfume Ltd., Coty Inc., L and L LUXURY CO. LTD., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, PVH Corp., Shiseido Co. Ltd., The Estee Lauder Co. Inc., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: End-user (women, men, and unisex), Distribution channel (offline and online), and Geography (Europe, North America, APAC, MEA, and South America)
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The luxury perfume market size is estimated to grow by USD 4.20 billion from 2020 to 2025 at a CAGR of 6.09% according to Technavio. The major key drivers are:
- Increase in demand from the millennial population
- Replenishing personal grooming
- Influential endorsements from celebrities and social media
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Luxury perfume market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
- For highlights on customer landscape analysis, download a sample!
Luxury perfume market – Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors including –
- Amorepacific Group Inc. – The company offers luxury perfumes through its brands like Fradore, Mamonde, and more.
- Burberry Group Plc – The company offers a wide range of luxury perfumes with the finest craftsmanship and design.
- Clive Christian Perfume Ltd. – The company offers a wide range of luxury perfumes such as X Feminine, Matsukita, and others.
- Coty Inc. – The company offers luxury perfumes under the brand name Tiffany and Co.
Luxury perfume market – Market Dynamics
KEY Challenges –
- Competition from products that are available at affordable prices
- Counterfeit products available in the market
- Increasing demand for body sprays, deodorants, and deo-sticks
The luxury perfume market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
What are the key data covered in this luxury perfume market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the luxury perfume market between 2021 and 2025
- Precise estimation of the size of the luxury perfume market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the luxury perfume market industry across Europe, North America, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of luxury perfume market vendors
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Related Reports:
- The deodorants market is estimated to grow at a CAGR of 6.78% between 2022 and 2027. The size of the market is forecast to increase by USD 13.19 billion. The market is segmented by end-user (men and women), product (deodorant sprays, roll-on deodorants, sticks and solid deodorants, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
- The perfume market size in India is expected to increase by USD 1.02 billion from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 14.89%. The market is segmented by distribution channel (online and offline) and type (deodorant and perfume).
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-User
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
