Taking a broader view, the global perfume market was valued at $50.85 billion in 2022 and is anticipated to surge at a CAGR of 5.9% between 2023 and 2030 as we have previously mentioned in our article.
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.
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 .