, /PRNewswire/ --The global size is estimated to grow by billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.84% during the forecast period.
To understand more about this market - The European perfume and fragrance market thrives on its rich cultural heritage and tradition, notably in and , renowned for luxury and refinement. Consumers in prioritize authenticity, sustainability, and forward-thinking, fostering a growing demand for natural and eco-friendly fragrances. Businesses aligning with these values stand to succeed in this discerning market.
As such, companies embracing these trends are poised for significant growth in . For more insights on significant contribution along with the market share of rest of the regions and countries - The offline fragrance market is expected to grow notably in the coming years. Consumers seek engaging, sensory experiences, favoring brick-and-mortar stores for their personal touch.
Valued at in 2018, this segment thrives in specialty stores, department stores, and boutiques. Physical interaction, skin testing, and expert advice drive its popularity. Luxury outlets cater to discerning clientele, offering exclusive fragrances.
These factors contribute to market expansion, enhancing the offline shopping experience. Get a glance at the market contribution of rest of the segments - The fragrance and perfume market is currently experiencing a surge in popularity among the younger generation, with body.
