The global perfume market size is projected to grow at a 5.5% CAGR. The market is expected to grow from USD 59.4 Billion in 2023 to USD 101.3 Billion by 2033. Rising demand for custom-made perfumes is rising across key markets. Hence, key players are keen on developing technologically innovative products such as touchless product dispensers. Expansion …
Tag Archives: Perfume Market Forecast
Perfumes Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2031
According to a recent report by Future Market Insights (FMI), the perfume market is expected to reach a valuation of US$ 35 Bn in 2021, expanding at a steady 4% CAGR through 2031. Shifting consumer preference towards natural ingredients in perfumes that offers a unique and soothing aroma is encouraging product developments by manufacturers, thereby augmenting growth of the market. Rapid …