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News  ›  GlobeNewswire Inc.

$98+ Bn Fragrance Global Market Trends, Opportunities and Strategies, 2019-2024, 2025-2029F, 2034F

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$98+ Bn Fragrance Global Market Trends, Opportunities and Strategies, 2019-2024, 2025-2029F, 2034F

The global fragrance market is projected to grow from $59.3 billion in 2024 to $98.08 billion by 2034, with a CAGR of 5.2%. Key growth drivers include personalized beauty demand, e-commerce expansion, and emerging markets in Asia Pacific and the Middle East. Perfumes and essential oils are the fastest-growing segments, while online distribution channels are expected to surge at 13.95% CAGR. The market faces challenges from raw material price fluctuations and counterfeit products.

Insights
BNPZY   neutral

Participating bank in the loan syndicate without significant additional context


EL   positive

Major player in the fragrance sector; well-positioned to capitalize on growing demand for personalized beauty and premium fragrance lines