Luxury perfume is mixture of essential oils and aroma components which used to give fragrance to human and others. Luxury perfumes are available in different quantity such as less than 30 ml, 30 ml and more than 30 ml. launching of unisex perfumes will help to boost the global luxury perfumes market. Additionally, online retailing is key factor to drive market.According to AMA, the market for Luxury Perfume is expected to register a CAGR of 6.9% during the forecast period to 2025. This growth is primarily driven by Rising Consciousness about Brands, Easy Availability of Luxury Perfumes and Growing Expenditure of Luxury Goods.
Globally, a noticeable market trend is evident Increasing Dependency on Online Retailing
. Major Vendors, such as Chanel (France), Estee Lauder (United States), Guccio Gucci (Italy), Hermes (France), Ralph Lauren (United States), Baccarat (France), Clive Christian (United Kingdom), Parfums Christian Dior (France), DKNY (United States) and Jean Patou (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 26th June 2018, Chanel a leading provider of fragrance has launched three unisex perfumes such as Deauville, Biarritz and Venise which is come in sleek bottle.
- Rising Consciousness about Brands
- Easy Availability of Luxury Perfumes
- Growing Expenditure of Luxury Goods
- Increasing Dependency on Online Retailing
- Attractive Packaging
- Adoption of Higher Fragrance Concentration Contains
- More Expensive
- Allergies from Some Specific Fragrance
Adoption of unisex Perfumes and Growing Demand of Synthetic Based Perfumes
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