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Luxury Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 142 pages | ID: LA03B22127DCEN
IMARC Group

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The global luxury perfume market size reached US$ 11.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.14% during 2023-2028.

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 2023-2028. 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), Herm?s International S.A. (H51 SAS), LVMH Moлt Hennessy Louis Vuitton, Prada Holding S.P.A., Ralph Lauren Corporation and The Estйe Lauder Companies Inc.

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 Herm?s International S.A. (H51 SAS)
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 LVMH Moлt 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 Estйe Lauder Companies Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Luxury Perfume Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Luxury Perfume Market Forecast: Breakup by Price (in Million US$), 2023-2028
Table 3: Global: Luxury Perfume Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 4: Global: Luxury Perfume Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Luxury Perfume Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Luxury Perfume Market: Competitive Structure
Table 7: Global: Luxury Perfume Market: Key Players

LIST OF FIGURES

Figure 1: Global: Luxury Perfume Market: Major Drivers and Challenges
Figure 2: Global: Luxury Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Luxury Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Luxury Perfume Market: Breakup by Price (in %), 2022
Figure 5: Global: Luxury Perfume Market: Breakup by End User (in %), 2022
Figure 6: Global: Luxury Perfume Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Luxury Perfume Market: Breakup by Region (in %), 2022
Figure 8: Global: Luxury Perfume ($50 - $100) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Luxury Perfume ($50 - $100) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Luxury Perfume ($100 - $200) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Luxury Perfume ($100 - $200) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Luxury Perfume (Above $200) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Luxury Perfume (Above $200) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Luxury Perfume (Male) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Luxury Perfume (Male) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Luxury Perfume (Female) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Luxury Perfume (Female) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Luxury Perfume (Unisex) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Luxury Perfume (Unisex) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Luxury Perfume (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Luxury Perfume (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Luxury Perfume (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Luxury Perfume (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Luxury Perfume Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Luxury Perfume Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Luxury Perfume Market Forecast: Sales Value (in Million US$), 2023-2028
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


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