2023: Global perfume industry valued at $50.85B, expected 5.9% CAGR, with rising luxury and exotic fragrance demand, particularly among Gen Z.
2023 sees a continued increase in fragrance usage, especially for Gen Z, with the global perfume industry valued at $50.85 billion and projected to grow at a 5.9% CAGR until 2030. The rising demand for luxury and exotic fragrances inspires this article discussing the 20 Best Summer Fragrances That Will Make You Feel Like You're On Vacation, taking into account personal grooming and increased usage among younger consumers.
May 22, 2024
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