Popularity of personalized perfumes surges in international markets

 The global cosmetics and perfume market is expected to grow from $62.91 billion in 2021 to $71.19 billion in 2022. It is expected to grow at a CAGR of 12.7% during the forecast period of 2022-2026, and the global perfume market is expected to grow to $114.98 billion in 2026.


Perfume Market Analysis Shows Increasing Demand From E-Commerce Companies For Consumer Goods To Meet Growing Demand From End Customers Will Increase Demand For Personal Hygiene Products, Driving Perfume Demand During Forecast Period is expected to.

A rapid increase in the millennial population is expected to boost the growth of the perfume market. Young people tend to spend more money on cosmetics to improve their appearance and quality of life. Millennials will be the largest community likely to buy cosmetics in 2019, comprising about 32% of the global population compared to 17% of the population over 55. Millennials are expected to make up nearly three-quarters of the global workforce by 2025, and their preferences and shopping habits are analyzed to be a key driver of the perfume market.

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