NEW YORK, June 9, 2021 /PRNewswire/ --
The global luxury perfume market size is expected to grow by USD 2.43 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.
NEW YORK, June 9, 2021 /PRNewswire/ --
The global luxury perfume market size is expected to grow by USD 2.43 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.
The demand from the millennial population is one of the major factors propelling market growth. However, factors such as competition from products that are available at affordable prices, counterfeit products available in the market, and increasing demand for body sprays, deodorants, and deo-sticks impede the market growth.
To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
More details: www.technavio.com/report/luxury-perfume-market-industry-analysis
Global Luxury Perfume Market: Geographic Landscape
Europe will offer several growth opportunities to market vendors during the forecast period. 33% of the market's growth will originate from Europe during the forecast period. France, the UK, and Germany are the key markets for luxury perfumes in Europe.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Related Reports on Consumer Staples Include:
Scented Candles Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024: The scented candles market size has the potential to grow by USD 1816.06 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Download Our Exclusive Sample Report
Companies Covered
What our reports offer:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Luxury Perfume Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report: https://www.technavio.com/report/luxury-perfume-market-industry-analysis
SOURCE Technavio
Share this article