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Luxury Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global luxury perfume market size reached US$ 11.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.18 Billion by 2027, exhibiting a growth rate (CAGR) of 6.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Luxury perfume is a category of perfume characterized by artistry and originality, with its value lying not only in the fragrance but also in the packaging. These perfumes are exclusively manufactured with aromas that are more sophisticated, with subtle tones and perfect balance. Luxury perfumes are commonly categorized into men, women, and unisex. They signify the style and personality of an individual, and a good scent also influences mood, emotions, behavior, perception, and human thoughts. These perfumes are widely available across online and offline retail stores.

Luxury Perfume Market Trends:

The escalating brand consciousness along with the growing expenditures on high-end personal grooming products are primarily driving the global luxury perfume market. In addition to this, the expanding working women population, increasing consumer disposable income levels, and elevating levels of urbanization are some of the other key factors augmenting the sales of luxury perfumes. Moreover, the rising influence of celebrity endorsements coupled with the wide product availability on e-commerce platforms supported by discounted offers, doorstep delivery, faster product launches, etc., is creating a positive outlook for the luxury perfume market. Besides this, the introduction of innovative perfume variants that adapt quickly to consumers’ skin pH levels is acting as another significant growth-inducing factor. Additionally, the emerging trend of gifting exclusive perfumes on special occasions, including festivals, birthdays, anniversaries, etc., is further bolstering the global market. Apart from this, several key players are utilizing various marketing strategies, such as introducing luxury perfumes in smaller packages and bundling them with other products like deodorants to expand their consumer base, thereby stimulating the product demand. Furthermore, the shifting consumer preferences from synthetic perfumes towards natural ones due to the escalating concerns over allergies and toxins have led to the launch of oud-based fragrances. This, in turn, is also propelling the growth of the market. Additionally, the increasing popularity of sustainable and eco-friendly product variants coupled with the emerging trend of fragrance customization is expected to drive the global luxury perfume market during the forecasted period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury perfume market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on price, end user and distribution channel.

Breakup by Price:

  • $50 - $100
  • $100 - $200
  • Above $200
     

Breakup by End User:

  • Male
  • Female
  • Unisex
     

Breakup by Distribution Channel:

  • Specialty Stores
  • Online Stores
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Chanel (Chanel Limited), Clive Christian (Nichebox S.R.L.), Creed Boutique LLC, Floris London, Gianni Versace S.r.l. (Capri Holdings), Giorgio Armani S.p.A., Guccio Gucci S.p.A. (Kering), Hermès International S.A. (H51 SAS), LVMH Moët Hennessy Louis Vuitton, Prada Holding S.P.A., Ralph Lauren Corporation and The Estée Lauder Companies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Price, End User, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Chanel (Chanel Limited), Clive Christian (Nichebox S.R.L.), Creed Boutique LLC, Floris London, Gianni Versace S.r.l. (Capri Holdings), Giorgio Armani S.p.A., Guccio Gucci S.p.A. (Kering), Hermès International S.A. (H51 SAS), LVMH Moët Hennessy Louis Vuitton, Prada Holding S.P.A., Ralph Lauren Corporation and The Estée Lauder Companies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global luxury perfume market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global luxury perfume market?
  • What are the key regional markets?
  • What is the breakup of the market based on the price?
  • What is the breakup of the market based on the end user?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global luxury perfume market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Luxury Perfume Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Price
    6.1    $50 - $100
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    $100 - $200
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Above $200
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by End User
    7.1    Male
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Female
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Unisex
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Specialty Stores
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Online Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Chanel (Chanel Limited)
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Clive Christian (Nichebox S.R.L.)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Creed Boutique LLC
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Floris London
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Gianni Versace S.r.l. (Capri Holdings)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Giorgio Armani S.p.A.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Guccio Gucci S.p.A. (Kering)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Hermès International S.A. (H51 SAS)
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    LVMH Moët Hennessy Louis Vuitton
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Prada Holding S.P.A. 
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Ralph Lauren Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    The Estée Lauder Companies Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Luxury Perfume Market: Major Drivers and Challenges
Figure 2: Global: Luxury Perfume Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Perfume Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Luxury Perfume Market: Breakup by Price (in %), 2021
Figure 5: Global: Luxury Perfume Market: Breakup by End User (in %), 2021
Figure 6: Global: Luxury Perfume Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Luxury Perfume Market: Breakup by Region (in %), 2021
Figure 8: Global: Luxury Perfume ($50 - $100) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Luxury Perfume ($50 - $100) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Luxury Perfume ($100 - $200) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Luxury Perfume ($100 - $200) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Luxury Perfume (Above $200) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Luxury Perfume (Above $200) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Luxury Perfume (Male) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Luxury Perfume (Male) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Luxury Perfume (Female) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Luxury Perfume (Female) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Luxury Perfume (Unisex) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Luxury Perfume (Unisex) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Luxury Perfume (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Luxury Perfume (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Luxury Perfume (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Luxury Perfume (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Luxury Perfume Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Luxury Perfume Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Luxury Perfume Industry: SWOT Analysis
Figure 74: Global: Luxury Perfume Industry: Value Chain Analysis
Figure 75: Global: Luxury Perfume Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Luxury Perfume Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Perfume Market Forecast: Breakup by Price (in Million US$), 2022-2027
Table 3: Global: Luxury Perfume Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Luxury Perfume Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Luxury Perfume Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Luxury Perfume Market: Competitive Structure
Table 7: Global: Luxury Perfume Market: Key Players


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