Attractive Opportunities in Luxury Perfume Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

Attractive Opportunities in Luxury Perfume Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

TownNews.com Content Exchange

NEW YORK, Nov. 25, 2021 /PRNewswire/ -- The luxury perfume market size is set to grow by USD 4.20 bn from 2020 to 2025, according to Technavio. The report offers a detailed analysis of the current global market scenario and the overall market environment. 

Read Free Sample Report to explore growth opportunities in the luxury perfume market

The luxury perfume market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The report also covers the following areas:

Luxury Perfume Market 2021-2025: Segmentation

  • End-user
    • Women
    • Men
    • Unisex
  • Distribution Channel
    • Offline
    • Online
  • Geography
    • Europe
    • North America
    • APAC
    • MEA
    • South America

Download a Free Sample for more information about various market segments

Luxury Perfume Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the luxury perfume market include 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., and The Estee Lauder Co. Inc.

The increase in demand from the millennial population, replenishing personal grooming, and influential endorsements from celebrities and social media will offer immense growth opportunities. However, the competition from products that are available at affordable prices will hamper the market growth.

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!

Luxury Perfume Market 2021-2025: Regional Analysis

Technavio's market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors. This can help organizations in creating efficient business plans. Based on segmentation by geography, the luxury perfume market has been classified into five regions, namely Europe, North America, APAC, MEA, and South America. According to our analysis, Europe is expected to account for 37% of the growth of the market during the forecast period. Germany, the UK, and France are the key countries for the luxury perfume market in Europe. However, the growth of the market in Europe is expected to be slower than the growth of the market in other regions during the forecast period.

Luxury Perfume Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist luxury perfume market growth during the next five years
  • Estimation of the luxury perfume market size and its contribution to the parent market
  • Forecast on upcoming trends and changes in consumer behavior
  • The growth of the luxury perfume market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will impede the growth of luxury perfume market vendors

Related Reports:

  • Lip Gloss Market: The lip gloss market has been segmented by finish (glossy, matte, glitter, and others) and geography (Europe, APAC, North America, South America, and MEA). Download Free Sample Report
  • Oral Care Market: The oral care market has been segmented by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA). Download Free Sample Report

Luxury Perfume Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.09%

Market growth 2021-2025

USD 4.20 billion

Market structure

Fragmented

YoY growth (%)

5.95

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 37%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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., and The Estee Lauder Co. Inc.

Market Dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download Latest Free Sample Report for additional highlights on the luxury perfume market

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.

Contact

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/luxury-perfume-market-size-to-grow-by-usd-4-20-bn--increase-in-demand-from-the-millennial-population-to-drive-growth--technavio-301431501.html

SOURCE Technavio

This article originally ran on curated.tncontentexchange.com.

TownNews.com Content Exchange

Trending Food Videos