According to the latest estimates, the perfume market in Hong Kong is set to achieve an incremental growth of USD 118.3 million, accelerating at a CAGR of almost 9% during the forecast period 2024-2029. The demand for personalized and bespoke fragrances continues to rise as consumers increasingly seek unique scents tailored to their preferences, thereby driving growth in customized perfume offerings. Perfume brands are responding by introducing innovative products that cater to individual tastes, including personalized consultations and bespoke scent creation services, which enhance consumer engagement and satisfaction.
This report presents a detailed overview of the Hong Kong perfume industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like gender, price range, packaging, and distribution channel. This detailed analysis supports the identification of growth opportunities within the perfume industry.
Market Segmentation
The perfume market in Hong Kong is structured as follows:
Gender: men, women, unisex
Price range: premium products, mass products
Packaging: glass bottles, plastic bottles, others (crystal, metal, etc.)
Distribution channel: department stores, health and beauty stores, e-commerce, others
The Hong Kong perfume market is segmented on the basis of gender, price range, packaging, and distribution channel. Based on gender, the perfume market in Hong Kong is categorized into men, women, and unisex. On the basis of price range, the perfume market in Hong Kong has been segmented into premium products, and mass products. By packaging, the perfume market in Hong Kong has been segmented into glass bottles, plastic bottles, and others (crystal, metal, etc.). Based upon distribution channel, the perfume market in Hong Kong is also categorized into department stores, health and beauty stores, e-commerce, and others.
Competitive Landscape
The Hong Kong perfume market is highly competitive. The key players in the perfume market include The Estee Lauder Companies Inc., Coty Inc., Chanel S.A., L’Oreal S.A., LVMH Moet Hennessy Louis Vuitton SA (LVMH), PUIG SL, L’Occitane International S.A., Revlon Inc., Natura & Co.
This report provides a thorough assessment of the Hong Kong perfume market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Hong Kong perfume market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Hong Kong perfume market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Hong Kong perfume market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewHong Kong perfume market – gender analysis
Hong Kong perfume market – price range analysis
Hong Kong perfume market – packaging analysis
Hong Kong perfume market – distribution channel analysis
Key players and market share
– The Estee Lauder Companies Inc.
– Coty Inc.
– Chanel S.A.
– L’Oreal S.A.
– LVMH Moet Hennessy Louis Vuitton SA (LVMH)
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Hong Kong perfume market 2019-2029
Chart Hong Kong perfume market, net growth, 2019-2029
Chart Hong Kong perfume market, growth rates, 2019-2029
Table Hong Kong perfume market by gender, 2019-2029
Chart Hong Kong perfume market by gender, CAGR historic and forecast, 2019-2029
Chart Hong Kong perfume market by gender, 2019-2029
Table Hong Kong perfume market by price range, 2019-2029
Chart Hong Kong perfume market by price range, CAGR historic and forecast, 2019-2029
Chart Hong Kong perfume market by price range, 2019-2029
Table Hong Kong perfume market by packaging, 2019-2029
Chart Hong Kong perfume market by packaging, CAGR historic and forecast, 2019-2029
Chart Hong Kong perfume market by packaging, 2019-2029
Table Hong Kong perfume market by distribution channel, 2019-2029
Chart Hong Kong perfume market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Hong Kong perfume market by distribution channel, 2019-2029
Table Hong Kong perfume market share (%), by companies, 2019-2023
Chart Hong Kong perfume market, by companies, 2023
Table Hong Kong perfume market share (%), by brands, 2019-2023
Chart Hong Kong perfume market, by brands, 2023
Table Hong Kong – population (millions) and forecast
Table Hong Kong – consumer price index (CPI) and forecast
Table Hong Kong – gross domestic product and forecast
Table Hong Kong perfume market: spend as a proportion of GDP (%)
Table Hong Kong perfume market: consumption per capita (population)