According to a new report published by Allied Market Research titled, â Luxury Perfume Market by Price, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,â the luxury perfume market size was valued at $11.7 billion in 2018 and is expected to reach $16.8 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026.
In 2017, Asia-pacific accounted for nearly 30.3% share of the luxury perfume market.Key players profiled for luxury perfume industry include L Luxury Company Ltd., Pheonix Fragrance Ltd., Guccio Gucci S.p.A., Louis Vitton, Clive Christian, Floris London, Giorgio Armani S.p.A., Creed Boutique, LLC, EstÊe Lauder Companies Inc., Hermès International S.A., and other such.
Over the past couple of years, the traditional mass market fragrance business has witnessed a decline in its sales since the target customers seek for fragrance brands that are more upmarket.
This has triggered demand for various luxury perfume products around the globe.Ask for sample copy of this report@:Â https://www.alliedmarketresearch.com/request-sample/6189Premiumization has facilitated a bridge between the desirability of the luxury experience and the necessity of mass market.
This results in increase in demand for premium brand perfumes.Most of the developed countries have witnessed surging demand for luxury perfume products.
For instance, as per the sources, the UK premium fragrance revenue sales increased by nearly 8.0% in 2016.
According to a new report published by Allied Market Research titled, â Luxury Perfume Market by Price, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,â the luxury perfume market size was valued at $11.7 billion in 2018 and is expected to reach $16.8 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026.
In 2017, Asia-pacific accounted for nearly 30.3% share of the luxury perfume market.Key players profiled for luxury perfume industry include L Luxury Company Ltd., Pheonix Fragrance Ltd., Guccio Gucci S.p.A., Louis Vitton, Clive Christian, Floris London, Giorgio Armani S.p.A., Creed Boutique, LLC, EstÊe Lauder Companies Inc., Hermès International S.A., and other such.
Over the past couple of years, the traditional mass market fragrance business has witnessed a decline in its sales since the target customers seek for fragrance brands that are more upmarket.
This has triggered demand for various luxury perfume products around the globe.Ask for sample copy of this report@:Â https://www.alliedmarketresearch.com/request-sample/6189Premiumization has facilitated a bridge between the desirability of the luxury experience and the necessity of mass market.
This results in increase in demand for premium brand perfumes.Most of the developed countries have witnessed surging demand for luxury perfume products.
For instance, as per the sources, the UK premium fragrance revenue sales increased by nearly 8.0% in 2016.