Luxury Perfume Market
Luxury Perfume Market Analysis, By Product Type (Eau de Parfum, Eau de Toilette, Eau de Cologne, Eau Fraiche), By Customer Orientation (Male, Female, Unisex), By Sales Channel (Offline, Online), By Region - Global Market Insights 2023 to 2033
Analysis of Luxury Perfume Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Luxury Perfume Market Outlook (2023 to 2033)
The global luxury perfume market is expected to increase from a valuation of US$ 14.9 billion in 2023 to US$ 24.3 billion by the end of 2033, expanding at a CAGR of 5.6% along the way. Sales of luxury perfumes accounted for 35.3% share of the global perfume market at the end of 2022.
Strong growth in the cosmetics & personal care market has been witnessed in recent years. The most urbanized people tend to incline towards new and innovative products and their spending characteristics reflect higher expenditure on green and innovative products. Exotic and well-known ingredients are used to outline a worldwide palette of raw materials for luxury fragrances to portray a wealthy, opulent personality. A perfume is deemed luxurious when the scent is potent.
Many luxury perfumes are made from natural ingredients and have deep and rich notes. Some of the notes are roses, jasmine, sandalwood, musk, oak, rosewood, and so on. To meet the requirements of eco-conscious consumers, luxury perfume brands are working to make sustainable fragrances. Also, the demand for luxurious fragrances from generation Z is increasing rapidly, attracting the attention of major players who are focusing on the customized packaging of high-end perfumes.
- Augmenting social media marketing and increasing demand for Western-feel products is expected to drive luxury perfume market expansion.
- Asia Pacific and North America are anticipated to witness high luxury perfume demand on the back of escalating middle-class population, coupled with rising disposable income.
- Inclination towards natural and organic products and growing population will drive luxury perfume demand in the long run.
| Report Attributes | Details |
|---|---|
| Market Size (2022A) | US$ 14.1 Billion |
| Perfume Market, 2023 (Parent) | US$ 40 Billion |
| Estimated Market Value (2023E) | US$ 14.9 Billion |
| Forecasted Market Value (2033F) | US$ 24.3 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.6% CAGR |
| North America Market Share (2022) | ~25.1% |
| East Asia Market Growth Rate (2023 to 2033) | ~5.9% CAGR |
| United States Market Growth Rate (2023 to 2033) | ~5.0% CAGR |
| Market Share of Top 5 Companies | ~20.3% |
| Key Companies Profiled | LVMH Moet Hennessy Louis Vuitton S.E.; Estee Laude; Coty Inc.; CHANEL International B.V; Shiseido Company.; Hermes International; Giorgio Armani Beauty; PUIG; Capri Holdings Limited; Others |
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Factors Influencing Market Growth
“Changing Attitude of Consumers towards Unisex Perfumes”
Since the behavior of consumers is changing towards perfumes, their preferences are being moulded accordingly. During 2020 to 2021, the fragrance market expanded by 10%. However, according to a study by Liberty London, sales of unisex perfumes increased by 40%. In the realm of fashion, there is an increasing desire for unisex fragrances. This style is being used by niche perfume producers to meet market demands. Thus, the rising need for unisex products is driving the global luxury perfume market.
“Consumers Demanding More Refined Ingredients in Luxury Perfumes”
The perfume business has observed a strong performance in the luxury segment as opposed to the mass segment in the last few years. Market players are concentrating on purchasing pricey natural raw materials to make their products since the focus is on exclusivity and originality to develop unique, engaging, and authentic products. The premium and luxury segment is attracting more consumers, which is causing the mass-produced perfume category to lose business.
Due to the growing knowledge of the advantages of natural ingredients, consumer preference for clean- and green-labelled personal care and cosmetic goods is changing substantially. Because chemical or synthetic products include hazardous chemicals, consumers are choosing greener alternatives more frequently.
This rising demand is pushing manufacturers to integrate natural compounds into their products and avoid the use of harmful or toxic chemicals.
“Rising Demand for Premium Perfumes in Asia Pacific”
With the growing population in the Asia Pacific region, the market here is expected to exhibit the highest growth. Furthermore, luxury perfume brands such as Chanel, Zara, Davidoff, and Tom Ford have entered the Asia Pacific region and are experiencing a great response from the consumer end.
The growing niche fragrance brands are also creating opportunities for entrepreneurship in the region. e-Commerce platforms have lowered the barrier for new competitors in the market as well.
“Rules & Regulations Affecting Market Growth Negatively”
Multiple international and national organizations have laid down rules and regulations regarding the usage of certain chemicals in the manufacturing of luxury perfumes. Some chemicals used in making luxury perfumes, if used in large quantities, can lead to harmful impacts such as irritation, rashes, and allergies.
Organizations and associations, namely, the International Fragrance Association and the International Flavors & Fragrances Inc. have laid down rules that limit the utilization of toxic chemicals in luxury perfumes to reduce the negative impact on the environment and eco-friendly users.
“Elite Customers Going in for Limited Edition Fragrances”
Luxury perfumes are more popular among high-profile society members. The average person cannot afford luxury perfumes, which will limit the growth of the market in the long term. In addition, brand owners do not give many offers or discounts, even during festive seasons, to drive attention towards such luxurious products. As a result, middle- and low-income group consumers do not go for such products due to their limited disposable income.
Market share analysis of luxury perfumes based on product type and region. Under the product type segment, Eau De Parfum dominated with 35.6% market share in 2022.
Country-wise Insights
Why are France and Italy So Well-Known for Luxury Perfumes?
France is the largest market when it comes to luxury perfumes, and many renowned perfume companies have roots in the country. France is a market leader with 30.5% share in 2022 and is anticipated to capture 36.6% share of the European market by 2033.
Many luxurious perfumes with big names are located in Paris, such as Louis Vuitton, Dior, Chanel, etc. The mention of “Paris” or “Made in France” has become a guarantee for the authenticity of the product. These luxury perfumes are further endorsed by celebrities.
Italians have been making perfumes for centuries, and pioneered formulas made their perfumes famous across the globe. “Aqua di Parma”, one of the most famous Italian luxury perfume brands, conserves the tradition of craftsmanship. “Blu Meditterraneo” perfumes depict the beauty and the views of the Italian Mediterranean Sea.
The market for luxury perfumes in France is expected to reach a valuation of US$ 3.0 billion by 2033.
What is the Luxury Perfume Market Scenario in the U.S.?
The U.S. is set to dominate the market in the long-run forecast period owing to higher product penetration, rising awareness, and the ability to inculcate expensive luxury perfumes into the market basket of consumers.
Growing health concerns among consumers and the less eco-friendly nature of chemical synthesis have resulted in increasing demand for luxury perfumes that are made from bio-based ingredients. Rising disposable income and growing fashion and film industries concentrate more on physical appearance where perfumes play an important role. Increasing saloons and beauty parlors due to the increase in working people will further propel the market in the U.S.
The North American luxury perfume market is currently estimated at US$ 3.5 billion and is expected to reach US$ 5.8 billion by 2033.
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Category-wise Insights
Why is Eau de Perfume Gaining Popularity?
Rise in the popularity of Eau de Perfume among generation Z will bolster the overall market in the long term. The segment is expected to account for the highest market share of 35.6% by 2033.
Eau de Perfume contains high amounts of fragranced oils that define a scent, and the scent lasts for a longer period. This type of fragrance is perfect for all skin types, including sensitive skin, as it contains less alcohol concentration.
The Eau de Perfume segment is predicted to reach a valuation of US$ 4.7 billion by the end of 2022.
How Much Does the Offline Segment Dominate the Market?
The offline segment dominated the market in 2022 with around 66.6% market share and is expected to lead the market during the forecast period as well.
Most customers want to test the product before they take them back home. Perfume purchasing is a joyous experience and trying out new fragrances by visiting a store, smelling them, and enjoying them, is unbeatable.
Offline sales of luxury perfumes are likely to grow at a CAGR of 4.1% to reach US$ 1.13 billion by 2033-end, while online sales of luxury perfumes will increase at a CAGR of 4.9% to reach US$ 642.4 million.
Competitive Landscape
Prominent luxury perfume manufacturers are LVMH Moët Hennessy Louis Vuitton S.E., Estee Lauder, Coty Inc., CHANEL International B.V., Shiseido Company, Hermes International, Giorgio Armani Beauty, and Capri Holdings Limited, PUIG.
Manufacturers are focusing on natural ingredient-based products. Expansion of manufacturing capacity and increasing sales by leveraging online distribution channels are expected to propel the market growth rate. Manufacturers have made long-term supply contracts with end users to ensure consistent product demand.
Companies manufacturing luxury perfumes are involved in two different strategies - single and multi-level marketing and traditional marketing. Moreover, market players are adjusting production variables such as raw material input and energy, coupled with process optimization, to win in this market.
- In 2022, Louis Vuitton launched a luxury perfume for men and women named City of Stars. The company claims it to be free of harmful chemicals.
Fact.MR has provided detailed information about the price points of key manufacturers of luxury perfumes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Luxury Perfume Industry Research
-
By Product Type :
- Eau de Parfum
- Eau de Toilette
- Eau de Cologne
- Eau Fraiche
-
By Consumer Orientation :
- Men
- Female
- Unisex
-
By Sales Channel :
- Offline
- Hypermarkets / Supermarkets
- Duty-Free Stores
- Specialty Stores
- Multi-brand Stores
- Standalone Stores
- Online
- E-commerce Websites
- Company / Brand Websites
- Offline
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Market - Pricing Analysis
- 5. Global Market Value (US$ million) Analysis and Forecast
- 6. Global Market Analysis and Forecast, By Product Type
- 6.1. Eau de Perfume
- 6.2. Eau de Toilette
- 6.3. Eau de Cologne
- 6.4. Eau Fraiche
- 7. Global Market Analysis and Forecast, By Customer Orientation
- 7.1. Male
- 7.2. Female
- 7.3. Unisex
- 8. Global Market Analysis and Forecast, By Sales Channel
- 8.1. Offline
- 8.2. Hypermarkets / Supermarkets
- 8.3. Duty Free stores
- 8.4. Speciality stores
- 8.5. Multi brand stores
- 8.6. Standalone stores
- 8.7. Online
- 8.8. E-commerce Websites
- 8.9. Company / Brand Websites
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. LVMH Moet Hennessy Louis Vuitton S.E.
- 18.2. Estee Lauder
- 18.3. Coty Inc.
- 18.4. CHANEL International B.V
- 18.5. Shiseido Company
- 18.6. Hermes International
- 18.7. Giorgio Armani Beauty
- 18.8. Capri Holdings Limited
- 18.9. PUIG
- 18.10. Other Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 03. Global Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 04. Global Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 05. Global Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 07. North America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 08. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 09. North America Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 10. North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 11. North America Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 12. North America Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 13. North America Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 15. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 16. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 17. Latin America Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 18. Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19. Latin America Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 20. Latin America Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 21. Latin America Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 22. Latin America Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 23. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 24. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 25. Europe Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 26. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 27. Europe Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 28. Europe Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 29. Europe Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 30. Europe Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 31. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 32. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 33. East Asia Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 34. East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 35. East Asia Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 36. East Asia Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 37. East Asia Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 38. East Asia Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 39. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 40. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 41. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 42. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43. South Asia & Oceania Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 44. South Asia & Oceania Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 45. South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 46. South Asia & Oceania Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
Table 47. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2022
Table 48. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 49. MEA Market Value (US$ million) and Forecast By Product Type, 2018 to 2022
Table 50. MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 51. MEA Market Value (US$ million) and Forecast By Customer Orientation, 2018 to 2022
Table 52. MEA Market Value (US$ million) and Forecast By Customer Orientation, 2023 to 2033
Table 53. MEA Market Value (US$ million) and Forecast By Sales Channel, 2018 to 2022
Table 54. MEA Market Value (US$ million) and Forecast By Sales Channel, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07. Global Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 09. Global Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 10. Global Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 11. North America Market Value (US$ million) and Forecast, 2023 to 2033
Figure 12. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 13. North America Market Value (US$ million) and by Country, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 15. North America Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 17. North America Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 18. North America Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 19. North America Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 20. North America Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 21. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 22. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 23. North America Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 24. North America Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 25. Latin America Market Value (US$ million) and Forecast, 2023 to 2033
Figure 26. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 27. Latin America Market Value (US$ million) and by Country, 2023 & 2033
Figure 28. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 29. Latin America Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 30. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 31. Latin America Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 32. Latin America Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 33. Latin America Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 34. Latin America Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 35. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 36. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 37. Latin America Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 38. Latin America Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 39. Europe Market Value (US$ million) and Forecast, 2023 to 2033
Figure 40. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 41. Europe Market Value (US$ million) and by Country, 2023 & 2033
Figure 42. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 43. Europe Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 44. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 45. Europe Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 46. Europe Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 47. Europe Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 48. Europe Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 49. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 50. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 51. Europe Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 52. Europe Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 53. East Asia Market Value (US$ million) and Forecast, 2023 to 2033
Figure 54. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. East Asia Market Value (US$ million) and by Country, 2023 & 2033
Figure 56. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. East Asia Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 58. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59. East Asia Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 60. East Asia Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 61. East Asia Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 62. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 63. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 64. East Asia Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 65. East Asia Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 66. South Asia & Oceania Market Value (US$ million) and Forecast, 2023 to 2033
Figure 67. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 68. South Asia & Oceania Market Value (US$ million) and by Country, 2023 & 2033
Figure 69. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 70. South Asia & Oceania Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 71. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 72. South Asia & Oceania Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 73. South Asia & Oceania Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 74. South Asia & Oceania Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 75. South Asia & Oceania Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 76. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 77. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 78. South Asia & Oceania Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 79. South Asia & Oceania Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Figure 80. MEA Market Value (US$ million) and Forecast, 2023 to 2033
Figure 81. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 82. MEA Market Value (US$ million) and by Country, 2023 & 2033
Figure 83. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 84. MEA Market Value (US$ million) and By Product Type, 2023 & 2033
Figure 85. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 86. MEA Market Value (US$ million) and By Customer Orientation, 2023 & 2033
Figure 87. MEA Market Y-o-Y Growth Rate By Customer Orientation, 2023 to 2033
Figure 88. MEA Market Value (US$ million) and By Sales Channel, 2023 & 2033
Figure 89. MEA Market Y-o-Y Growth Rate By Sales Channel, 2023 to 2033
Figure 90. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 91. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 92. MEA Market Attractiveness Analysis By Customer Orientation, 2023 to 2033
Figure 93. MEA Market Attractiveness Analysis By Sales Channel, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the global luxury perfume market valued at in 2022?
The global luxury perfume market reach a valuation of US$ 14.1 billion in 2022.
How did the market perform over the past few years?
From 2018 to 2022, sales of luxury perfumes increased at 3.6% CAGR.
How are sales of luxury perfumes expected to fare going forward?
Worldwide demand for luxury perfumes is anticipated to reach US$ 24.3 billion by 2033.
Which regional market accounts for a leading share?
North America tops the global market for luxury perfumes accounting for 24.1% market share.
Which type of luxury perfume is the most sought-after?
Eau de Parfum accounts for 33.5% share of global sales.
Luxury Perfume Market