25 Best Gender-Neutral Fragrances

In this article, we will take a look at the 25 best gender-neutral fragrances. If you want to skip our detailed analysis of the perfume industry, you can go directly to see the 5 Best Gender-Neutral Fragrances.

Following the pandemic, people have started to spend more money on self-care and wellness products like perfumes. According to Forbes, overall perfume sales climbed by 6% globally in 2021 compared to 2019, with prestige fragrance sales in the U.S. increasing by 49% in 2019 over 2018.

On the other hand, an industry analysis report by Grand View Research estimates that the global perfume market was valued at $50.85 billion in 2022. The market is anticipated to expand at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030, reaching a value of $80.16 billion at the conclusion of the predicted period.

The growing emphasis on personal grooming, the rising demand for exotic and youthful scents, and the increased spending on luxury perfumes by consumers due to rising living standards are some of the major reasons propelling the market’s growth. The report also states that, in 2022, the women end-users segment accounted for about 62.85% of the perfume market. However, it is projected that the men end-user segment will expand at the fastest rate over the predicted period.

Additionally, although Europe accounted for the largest revenue share of more than 35.10% in the perfume industry in 2022, the Asia Pacific market is expected to grow at the fastest rate over the forecast period, per the report.

Meanwhile, according to another report, the size of the US perfume market is predicted to increase by $3.02 billion between 2022 and 2027, growing at a CAGR of 9.12%. The report notes that with rising personal grooming trends, increasing desire for exotic and youthful fragrances, growing middle-income consumers, and rising perfume consumption among millennials, the perfume market in the United States is expected to expand during the forecast period.

We previously mentioned in one of our articles that the top 50 companies generate 75% of the perfume industry's total revenue. These include The Estée Lauder Companies Inc. (NYSE:EL) and PVH Corp. (NYSE:PVH) among others.

Established in 1946, The Estée Lauder Companies Inc. (NYSE:EL) offers its products in around 150 countries and territories under several brand names, including Clinique, Jo Malone London, Too Faced, TOM FORD, Smashbox, Le Labo, and Editions de Parfums Frédéric Malle. The company announced a quarterly dividend of $0.66 per share on November 1, which was consistent with its previous dividend.