In 2023, the production of perfumes in France stood at 3.400 million liters. The forecast for 2024 shows an increase to 3.502 million liters, continuing to climb to 3.957 million liters by 2028. The year-on-year growth highlights a steady and incremental increase with annual growth rates ranging from about 3.29% in 2024 to 2.91% by 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.51%, indicating a stable upward trend over this forecast period.
Future trends to watch for include:
- Increased demand for sustainable and eco-friendly products.
- Innovation in fragrance customization technology.
- Expansion into emerging markets driving production increases.
- Potential economic fluctuations impacting luxury goods consumption.
