DUBLIN--(BUSINESS WIRE)--The "Luxury Perfume Market by Price by End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
The luxury perfume market size was valued at $11.7 Bn in 2018 and is expected to reach $16.8 Bn by 2026, registering a CAGR of 5.3% from 2019 to 2026.
Lifestyle consciousness and increased buying power of customers are major impacts of increased disposable income, which naturally leads to a growth in usage of products and services. Increase in employment rate is impels rapid growth of disposable income of customers. Improvement in economic condition and growth in disposable income are substantial factors that boost the growth of the luxury cosmetics market overall.
Counterfeit products have stood about since the emergence of designer brands since they are easy to make, and their ingredients are relatively inexpensive. The battle between cosmetics sector and its counterfeit products is worth a billion dollars. Counterfeit products are very likely to damage a brand's reputation and sales. Hence, rise in number of counterfeit products eventually hampers the growth of the global luxury perfume market.
According to the U.S. Census Bureau, millennials are on the verge of surpassing baby boomers in the country. Similarly, in Asia-Pacific, millennials account for a larger population, especially in countries such as China, India, and Australia as compared to other population groups. Millennials, population aged between 20 and 35 years, are health conscious, and active. They have been influential in evolving various global industries in terms of product offerings and services. They always tend to try products that are new in the market and determine whether the products cater to the requirements. As a result, rise in number of millennial population, paves way for global luxury perfume market to grow significantly in terms of value sales.
The global luxury perfume market is segmented on the basis of price, end user, distribution channel and region. By price, the market is further segmented into $50-$100, $100-$200, and above $200. By end user, the market is divided into male, female, and unisex. By distribution channel, the market is further sub-segmented into specialty store and online store. By region, the market is divided into North America, Europe, Asia-Pacific and LAMEA.
Key Findings of the report:
- In 2018, by price, the $100 - $200 priced luxury perfumes segment accounted for around higher market share, growing at a CAGR of 5.6% from 2019 to 2026.
- In 2018, by end user, the female segment accounted for higher luxury perfume market share.
- In 2018, by region, Asia-pacific accounted for a higher value luxury perfume market share.
Key revenue opportunities, growth factors, and luxury perfume market trends in emerging economies are comprehensive highlighted in the report.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter'S Five Forces Analysis
3.3.1. Bargaining Power Of Suppliers
3.3.2. Threat Of New Entrants
3.3.3. Threat Of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Share Analysis/Top Player Positioning
3.5. Market Dynamics
Chapter 4: Luxury Perfume Market By Price
4.2. $50 - $100
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast By Region
4.2.3. Market Analysis By Country
4.3. $100 - $200
4.3.1. Key Market Trends, Growth Factors And Opportunities
4.3.2. Market Size And Forecast By Region
4.3.3. Market Analysis By Country
4.4. Above $200
4.4.1. Key Market Trends, Growth Factors And Opportunities
4.4.2. Market Size And Forecast By Region
4.4.3. Market Analysis By Country
Chapter 5: Luxury Perfume Market By End User
Chapter 6: Luxury Perfume Market By Distribution Channel
6.2. Specialty Store
6.3. Online Store
Chapter 7: Luxury Perfume Market By Region
7.2. North America
7.4. Asia Pacific
Chapter 8: Company Profiles
8.1. L And L Luxury Company Ltd.
8.2. Pheonix Fragrance Ltd.
8.3. Guccio Gucci S.P.A.
8.4. Louis Vitton
8.5. Clive Christian
8.6. Floris London
8.7. Giorgio Armani S.P.A.
8.8. Creed Boutique, Llc
8.9. Este Lauder Companies Inc.
8.10. Hermes International S.A.
For more information about this report visit https://www.researchandmarkets.com/r/ybd4l9