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The global luxury perfume market is forecast to grow from $32.38 billion in 2024 to $46.04 billion by 2029. This expansion is driven by strong consumer demand for personalized scents, the rise of e-commerce, and strategic celebrity endorsements from major brands.
BEAUTYSPACE has launched a dual-pronged strategy to increase its market footprint, unveiling a new e-commerce platform and a retail partnership with Old Navy Beauty. This positions the company to compete in the crowded beauty sector by targeting the mass market through both digital and physical channels.