The Global Market for Fragrances and Perfumes is Projected to Reach US$56.3 Billion by 2024
Recovery in Consumer Spending and Growing Focus on Personal Grooming to Drive Growth in the Global Fragrances and Perfumes Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Fragrances and Perfumes market. The global market for Fragrances and Perfumes is projected to reach US$56.3 billion by 2024 , driven by stable recovery in consumer spending, rise in consumer affluence and focus on personal grooming in developing markets, new product launches, and growing demand for premium, niche and artisan perfumes and fragrances. Fragrances and Perfumes refer to the combination of aromatic compounds, solvents and fixatives used to impart scent to the human body. The compounds used to manufacture perfumes can either be synthetically produced or derived from animal or plant sources. Replenishment and impulse purchases comprise the key ...