Published on 2 Jun 2024 on Insider Monkey via Yahoo Finance
The Best Cheap Cologne for Men That Smells Amazing
In this article, we will talk about The Best Cheap Cologne for Men That Smells Amazing. For our detailed discussion, go directly to the head to 15 Best Cheap Colognes for Men That Smell Amazing.
Global Perfume Industry:
The global perfume market was valued at $50.85 billion in 2022 and is anticipated to boost at a CAGR of 5.9% between 2023 and 2030, as we have previously mentioned in our article 15 Best Everyday Colognes in 2024. This Grand View Research reports a greater emphasis on personal grooming, and a growing demand for luxury and exotic fragrances is fueling the expansion. For example, the French multinational conglomerate LVMH, specializing in luxury products, saw exceptional high-quality fragrance sales in 2023. The organic revenue of LVMH's fragrance and cosmetics segment grew by 11% in 2023 compared to 2022, with a noteworthy $93.47 billion in revenue. Profit from recurring activities increased by 8%. According to LVMH, Christian Dior had an outstanding success, maintaining its dominance in its important markets. The business claimed that fragrances were once again bolstered by the popularity of renowned scents Sauvage, Miss Dior, and J'adore, enhanced by Francis Kurkdjian's latest creation, L'Or de J'adore.