Luxury Perfume Global Market to be Worth US$ 19.5 Billion by 2028 : IMARC Group

IMARC Group has recently released a new research study "Luxury Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐮𝐱𝐮𝐫𝐲 𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 [ 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖 ]

• Historical Market Size (2022): US$ 11.9 Billion
• Forecast CAGR (2023-2028): 6.14%
• Forecast Market Size (2028): US$ 19.5 Billion

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.imarcgroup.com/luxury-perfume-market/requestsample

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐩𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐋𝐮𝐱𝐮𝐫𝐲 𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲?

The global Luxury Perfume market size reached US$ 11.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 16.18 Billion on by 2028, exhibiting a growth rate (CAGR) of 6.14% during 2023-2028.

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐋𝐮𝐱𝐮𝐫𝐲 𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭?

Luxury perfume refers to a category of perfumes characterized by artistry and originality, with its value lying not only in the fragrance but also in the packaging. These perfumes are exclusively manufactured in sophisticated aromas, with subtle tones and perfect balance.

Luxury perfumes are generally categorized into products tailored for men, women, and unisex. They signify the style and personality of an individual, while a good scent also influences mood, emotions, behavior, perception, thoughts, etc. Luxury perfumes are widely available in online and offline retail stores across the globe.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐝𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐮𝐱𝐮𝐫𝐲 𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 ?

The escalating brand consciousness and the growing expenditures on high-end personal grooming products are among the key factors stimulating the luxury perfume market. Furthermore, the expanding working women population, the increasing consumer disposable incomes, and the elevating urbanization levels are also bolstering the market growth.

Moreover, the rising influence of celebrity endorsements and the extensive product availability on e-commerce platforms supported by discounted offers, doorstep delivery, faster product launches, etc., are further catalyzing the global market. Additionally, the introduction of innovative perfume variants that adapt to the skin and hydrogen (pH) levels of consumers is also driving the market growth.

Besides this, the emerging trend of gifting exclusive perfumes on special occasions, including festivals, birthdays, anniversaries, etc., is further fueling the global market.

Apart from this, the increasing utilization of numerous marketing strategies by several key players, such as introducing luxury perfumes in smaller packages and bundling them with other items, including deodorants, to expand their consumer base, is also propelling the market growth.

In addition to this, the inflating popularity of sustainable and eco-friendly product variants and the emerging trend of fragrance customization are expected to positively influence the luxury perfume market in the coming years.

𝐖𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐮𝐱𝐮𝐫𝐲 𝐏𝐞𝐫𝐟𝐮𝐦𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 ?

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.
.
𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐁𝐫𝐨𝐰𝐬𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞:
https://www.imarcgroup.com/luxury-perfume-market

𝐂𝐨𝐯𝐢𝐝-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭:

The report has been segmented the market into following categories:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐢𝐜𝐞:

o $50 - $100
o $100 - $200
o Above $200

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:

o Male
o Female
o Unisex

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

o Specialty Stores
o Online Stores

Based on the Distribution Channel , the report finds that the utility sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐎𝐭𝐡𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭-

Global eVTOL Aircraft Market Share 2022-2027- https://www.marketwatch.com/press-release/global-evtol-aircraft-market-share-future-opportunities-covied-19-impact-analysis-upcoming-trends-during-2022-2027-imarc-group-2022-12-19

Mobile Crushers and Screeners Market Growth 2022-2027-
https://www.marketwatch.com/press-release/mobile-crushers-and-screeners-market-growth-2022-2027-industry-forecast-size-share-trends-and-growth-2022-10-07

Railroad Market Share 2023-2028- https://www.marketwatch.com/press-release/railroad-market-share-2023-2028-bnsf-railway-company-canadian-national-railway-co-canadian-pacific-railway-limited-imarc-group-2022-12-13

Online Music Streaming Market Share, Size 2022-2027- https://marketmirrorwire.blogspot.com/2022/12/cloud-storage-market-size-to-hit-us.html

Metaverse Market Size 2022-2027- https://www.digitaljournal.com/pr/metaverse-market-size-2022-2027-alibaba-group-holding-limited-decentraland-electronic-arts-inc-report-by-imarc-group

India Wood Plastic Composites Market Report 2022-2028- https://www.digitaljournal.com/pr/india-wood-plastic-composites-market-is-expected-to-grow-at-us-393-5-million-by-2022-2027-imarc-group

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:

IMARC Services Private Limited.
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.