Global Perfume Market 2022-2030 : Increasing demand for perfume among young population, surging purchasing power, and rising demand for cosmetics products
Market Size – USD 34.44 Billion in 2020, Market Growth – at a CAGR of 4.1%, Market Trends – Rising demand for premium and exotic perfumes as personal grooming is becoming more trendy The global perfume market size is expected to reach USD 46.93 Billion in 2028 and register a revenue CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data. Rising demand for premium and exotic perfumes, owing to rising trend of personal grooming is expected to drive market revenue growth in the near future. In addition, increasing purchasing power and rising demand for perfumes among young population are expected to contribute to market revenue growth in the forthcoming years. Perfumes are generally made up of a variety of aromas and chemicals to produce a pleasant odor. The cosmetics industry is growing as a result of inclining demand for cosmetics products, which is expected to drive market growth. Perfumes are becoming more important for personal care. Various c