Perfume has been driving growth in the beauty industry, defying broader market slowdowns. This boom is notably driven by the appetite of Gen Z consumers for fragrances. Circana reports that 73% of Gen Z wear fragrance at least three times per week, and Piper Sandler notes that annual fragrance spending among teenage boys grew by…
According to Research and Markets, the global nutricosmetics market is projected to grow 7.8% per year from $4bn in 2025 to $5.8bn by 2030. While demand for holistic beauty solutions, particularly in skincare, hair health, and anti-aging, continues to rise, the market is undergoing a pivotal shift. The era of broad, wellness-driven growth has ended,…
With total sales of €10.6bn in 2024, Brazil is the fifth largest beauty market in the world behind India (€16bn) and in front of Germany (€10bn) notably driven by a huge fragrance segment representing half of the market. Overall growth prospects remain strong for the coming years with a projected CAGR of 5.2% between 2025…
Perfume dupes have evolved from cheap knockoffs to sophisticated products that threaten to change traditional pricing models and consumer expectations. Beauty executives need to recognize a fundamental change in how consumers, and especially younger ones, perceive value in scent and act accordingly.