The women segment captured the largest global market share owing to surging demand for organic and sustainable fragrances from women for grooming purposes.
The global perfume market is said to grow from $48.05 billion in 2023 to $69.25 billion by 2030, exhibiting a CAGR of 5.36% during the forecast period, according to a new report.
In 2022, the market was valued at $45.85 billion.
The market is segmented into perfume, eau de perfume, eau de cologne, eau de toilette and eau fraiche. The perfume segment accounted for the largest market share in 2022.
The women segment captured the largest global market share owing to surging demand for organic and sustainable fragrances from women for grooming purposes.
North America is projected to dominate the perfume market share due to rising demand for premium consumer products.
