40 Perfumes Celebrities Actually Wear (but aren’t paid to)

In This Article:

In this article, we will look at the 40 Perfumes celebrities actually wear but aren't paid to do so. If you want to skip our industry discussion, you can directly go to the 5 Perfumes celebrities actually wear (but aren't paid to).

The demand for luxury perfumes is rising, one of the main reasons that is driving the global perfume market's significant rise. This rising demand is fueled by the rising demand for exclusive and distinct fragrances, luring consumers into premium and high-end fragrance picks. Fine ingredients, painstaking craftsmanship, and highly valued brands define the growing luxury market, as of 2024.

In the coming years, there will likely be a sharp increase in the size of the perfume market. It is expected to grow at a 14.4% compound annual growth rate (CAGR) to $163.8 billion in 2028. This growth is aided by fast-growing e-commerce market, along with the factors of growing urbanization and global population. Furthermore, artificial intelligence usage in perfumes' manufacturing, and resulting incorporation of innovation and customization in the product offerings are major drivers of the growth of perfumes' market.

Perfume market is mainly spread across categories of men, women and unisex. Out of the three, women's category is expected to grow substantially with a CAGR of 6.60% from 2024 to 2031, due to the fact that women category is experiencing the fastest growing trend of greater personal grooming. Furthermore, the growing customization in the market is proving to be highly appreciated by this category, further driving the demand.

In contrast, in the U.S., the perfume market is booming with each passing day and among many mention-worthy brands are The Estée Lauder Companies Inc. (NYSE:EL) and Ralph Lauren Corporation (NYSE:RL). Based in Midtown Manhattan, New York City, The Estée Lauder Companies Inc. (NYSE:EL) is an American global cosmetics firm that manufactures and markets skincare, makeup, fragrance, and hair care products.

In 1953, Estée launched Youth-Dew, a bath oil that also functioned as a skin perfume, to let women purchase their own fragrance. This breakthrough revolutionized how fragrances were marketed and helped a small start-up become a multimillion-dollar enterprise in the cosmetics industry. For the second quarter that ended on December 31, 2023, The Estée Lauder Companies Inc. (NYSE:EL) recorded net sales of $4.28 billion, a 7% decrease from $4.62 billion in the same time the previous year, according to the company's press release. Organic net sales decreased by 8%, which was expected given the difficulties in the retail tourism industry in Asia and the continued softness of prestige cosmetics in mainland China. In comparison to the same quarter last year, when net earnings were $394 million, the company generated net earnings of $313 million.