Focus On Luxury Personal Care Market and Industry Development Research Report 2014 to 2021
The new research report on Luxury Personal Care Market offered by DecisionDatabases.com provides Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 to 2021.
Luxury personal care market which is a fast moving market is driven by the e-commerce websites which offer wide range of products and ensure loyalty and deliver genuine products at doorstep to maintain supply chain. Due to which the sales of luxury personal care products are rapidly increasing.
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Luxury personal care products include skin and hair care products which are of high quality and give positive results. The trend of luxury spending on premium brand among consumers is increasing rapidly. Increasing awareness and consciousness of premium brands among consumers due to internet retailing consumers seem to be not compromising with the quality of products. Hence demand is increasing for a luxury product line of fragrances, skin & hair care by premium brands for men and women which offer long lasting perfumes and positive effect.
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A. Drivers :
– Continuous product innovations and anti-ageing products in luxury personal care.
– Online stores/shopping who offer low prices comparatively.
– Manufacturers are focusing on reduced pricing and localization strategy in second tier and third tier cities too.
– Store rationalization
B. Restraints :
– Counterfeit products by low quality manufacturers is the biggest threat for big players in luxury personal care industry in countries like China and India.
– Threat from unrecognized manufacturers that contribute much of share to luxury personal care market.
C. Porter’s five forces model has been used to depict the impact of various factors such as :
– Degree of competition
– Bargaining power of suppliers
– Threat of substitutes
– Bargaining power of buyers
– Threat of new entrants during the forecast period
D. Major player assessed in the report is :
– Burberry Group plc.
– Louis Vuitton
– Calvin Klien
– Hugo Boss
In terms of geography, the luxury personal care market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
Market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints.
E. SEGMENTATIONS IN REPORT :
1. Luxury Personal care Market by Type :
– Luxury perfumes
– Luxury Deodorants
– Bath and Shower
– Premium Hair Care
– Premium Skin Care
– Premium Hand Care
– Premium Sets/Kits
– Premium Makeup
– Premium Baby and Child-Specific Products
2. Luxury Personal Care Market by End User :
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