Perfume Market Segmentation: Luxury vs. Mass Market Trends
The global perfume market was valued at a substantial USD 50.85 billion in 2022, and this figure is projected to grow steadily, with an expected compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. This growth is primarily driven by a surge in personal grooming practices, coupled with the increasing demand for luxurious and exotic fragrances. Additionally, the rising disposable incomes...
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