Consumer & Luxury Goods Market Research News

Recent research: Global perfume and fragrance market projected to hit USD 64.6 bn by 2023

Consumer Market Research

Perfume and Fragrance Market Information: by Type (Eau de Parfum, Eau de Toilette, Eau de Cologne, Eau Fraiche, others), Ingredients (Natural, Synthetic), Consumer Group (Man, Women, Unisex), Distribution Channel (Store based, Non-Store Based), and Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast till 2023

The Global Perfume & Fragrance Market has witnessed continued demand during the last few years and is projected to reach USD 64.6 billion at a CAGR of 6.00% by 2023 in terms of value.

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Market Scenario:

Perfume and fragrance are mixture of chemical compounds characterized by olfactive properties. Perfumes are formulated using a mixture of aroma chemicals extracted from natural or synthetic ingredients.

Fragrance is combined in order to impart peculiar and distinctive odorous into the preparations.