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Category: Perfume
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South Korea’s premium fragrance market has doubled since 2019 to approximately $800m, according to Euromonitor. This is a remarkable development in a historically skincare-dominated beauty culture.
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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…
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India’s beauty and personal care market, valued at approximately $22.8 billion as per Statista, is one of the fastest-growing consumer categories in the country. Driven by rising disposable incomes in the Indian middle class, increased digital penetration, and shifting preferences toward premium and clean products, the sector is expected to grow by 12% in 2025.
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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…
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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.
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Growing 65% faster than perfume and haircare categories hair perfume is one of the most dynamic beauty segments. Discover how brands can leverage this new segment.