Luxury Perfumes Market Upcoming Trend and Forecast 2019 to 2023Posted by Pradeep Zende on July 22nd, 2019 The global luxury perfumes market has been divided, by end-user, into men, women, and unisex. The women segment is expected to dominate the global luxury perfumes market during the assessment period due to several reasons such as high product varieties in terms of fragrances and strong sense of personal hygiene. However, increasing use of luxury perfumes used by both men and women for convenience, wide range of fragrance verities, and sophisticated bottling are projected to fuel the unisex segment to record the highest CAGR during the forecast period. In the global market there are numerous brands of luxury perfumes available for consumers to purchase. The demand for luxury perfumes rely on factors such as the concentration of fragrances and chemistry of perfumes emitting floral, oriental, and wood or fresh among others. A fragrance concentration is referred to the strength that a fragrance has, and higher fragrance concentration contain more perfume oils and less alcohol which are expected to be directly proportional to its longevity. Inclination for luxury perfumes is also recognized as a sense of brand loyalty, nostalgia, self–identity, and as a significant part of daily as well as occasional grooming for all consumers. Key Players Some of the key players in the global luxury perfumes market are
Segmentation The global luxury perfumes market has been segmented based on product type, end-user, distribution channel, and region. By product type, the global luxury perfumes market has been segregated into parfum, eau de parfum (EDP), eau de toilette (EDT), eau de cologne (EDC), and others. The global luxury perfumes market has been classified as end-user, into men, women, and unisex. Access Full Report with TOC: https://www.marketresearchfuture.com/reports/luxury-perfumes-market-7285 Regional Analysis The global luxury perfumes market has been segmented by North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to be the fastest growing region in the luxury perfumes market during the forecast period. Increasing awareness about global fashion trends and strong promotional activities by major players followed by increasing buying power are projected to be the major drivers fueling the regional market growth during the forecast period. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Like it? Share it! More by this author |