With 6.05% CAGR, Perfume Market Growth to Surpass US$ 50.4 Billion till 2023-28
IMARC Group, a leading market research company, has recently released a report titled “ Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global perfume market size , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Perfume Market? The global perfume market size reached US$ 35.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 50.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.05% during 2023-2028. What is Perfume? Perfume is a fragrant liquid substance typically made from essential oils, aroma compounds, and solvents, designed to create a pleasing scent when applied to the skin, clothing, or environment. The art and science of creating perfume is known as perfumery, and it has a long history that dates back thousa...