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Perfumes and cosmetics

Report: Millennials, women key drivers behind perfume market growth

October 28, 2023

Milan-based Acqua Di Parma is one of the top fragrance brands in the LVMH portfolio. Image: Acqua Di Parma Milan-based Acqua Di Parma is one of the top fragrance brands in the LVMH portfolio. Image: Acqua Di Parma

 

By Staff reports

The luxury perfume market share is expected to increase by $4.2 billion from 2020 to 2025, with the market's growth momentum projected to accelerate at a compound annual growth rate of 6.09 percent.

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