The lead analyst at AMR highlighted that the luxury perfume market across the Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period
Get a PDF Sample:
https://www.linkedin.com/feed/update/urn:li:activity:6998188553046298625
Allied Market Research published a research report on the luxury perfume market. The findings of the report state that the global market for luxury perfume generated $11.7 billion in 2018, and is projected to reach $16.8 billion by 2026, witnessing a CAGR of 5.3% from 2019 to 2026. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.
Download Sample Report:
“The luxury perfume companies have been making several important mergers and acquisitions to expand their operations in both international and domestic markets,” said Shankar Bhandalkar, Senior Analyst, Consumer Goods at Allied Market Research.
The report provides insights on drivers, restraints, and opportunities to help the market players in devising growth strategies and capitalizing on opportunities. A rise in preference for natural cosmetic products drives the growth of the global luxury perfume market. Furthermore, the key players in the industry have been initiating the acquisition of artisanal fragrance brands, which has paved the way for lucrative opportunities in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the luxury perfume market globally. It is helpful for the market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. The outbreak of the pandemic gave way to a disrupted supply chain, which impacted the global luxury perfume market negatively. Also, the decline in disposable income among individuals worsened the market condition even more. However, the market has now got back on track.
The report offers detailed segmentation of the global luxury perfume market based on price, end-user, distribution channel, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest-growing and largest revenue-generating segments to accomplish growth in the coming years.
By price, the $100 – $200 priced luxury perfumes segment contributed to the highest market share in 2018, and is expected to grow at a CAGR of 5.6% from 2019 to 2026.
By end users, on the other hand, the female segment garnered the major share in 2018 and is projected to rule the roost throughout the forecast period.
By region, Asia-Pacific generated the highest share in 2018 and would maintain the lion’s share from 2019 to 2026.
Leading market players of the global luxury perfume market analyzed in the report include Pheonix Fragrance Ltd., Guccio Gucci S.p.A., Louis Vitton, Floris London, Giorgio Armani S.p.A., Creed Boutique, LLC, Estée Lauder Companies Inc., L&L Luxury Company LTD, Hermès International S.A., and Clive Christian.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060|Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com.
Follow us on LinkedIn, Twitter, Facebook, Pinterest, YouTube & Instagram.