As we have mentioned in our article, 15 Best Everyday Colognes in 2024, Grand View Research states that the global perfume market was valued at $50.85 billion in 2022 and is anticipated to surge at a .
As the luxury and ultraluxury beauty products market is expected to grow from $20 billion to $40 billion by 2027, according to McKinsey, the fragrance and cosmetics behemoth, Coty Inc.
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