According to a new report released by Allied Market Research, the size of the luxury perfume market, valued at $ 11.7 billion in 2018, is expected to reach $ 16.8 billion by 2026, posting a CAGR of 5.3% from 2019 to 2026.

The entire packaging range of Chanel's new N ° 1 line is eco-designed and includes bio-based materials, thanks to the collaboration - started in 2018 - of Chanel Fragrance and Beauty Packaging with the Finnish start-up Sulapac. In particular, Sulapac has designed the new generation lid of the N ° 1 de Chanel Cream which is made up of 90% bio-based materials from renewable resources. A real technological challenge that has led to numerous patent pending applications

Halal beauty is a booming market that had a global turnover of $ 74.7 billion in 2020 and for which sales of halal cosmetics are expected to increase by 9.6% CAGR through 2026. The Southeast Asia is the main market for halal cosmetics and the Asia Pacific region (APAC) represents the largest share of this thriving market, with Malaysia and Indonesia leading the way.

Social commerce is poised to account for 40% of digital sales in beauty in key markets in the next few years. As the world becomes more "mobile-first", brands must be aware of this growing opportunity.

Coty is leveraging a sustainable ethanol alternative to continue on its path to the production of more eco-friendly fragrance by 2023

What are the best narcissus and daffodil perfumes? Bois de Jasmine lists 20 fragrances that interpret these spring notes which, in the absolute, reveal a deep side of darker chords and closer to the scent of suede.

Based on what Le Labo did with the version of Santal33 created in collaboration with The Laundress or what Maison Francis Kurkdjian's did with the Aqua Universalis line of detergents, some brands are launching laundry detergents with a luxury profile. The need for sustainability in this case does not only concern the packaging, but the use of ingredients that maintain the durability of the fabrics.

Selling discounted near-expired or imperfect beauty products can help brands push unsold products and reduce waste.

Valdé, founded by Margarita Arriagada, is one of the first indie cosmetics brands to hold a product launch party in the metaverse. The brand launches Divine Collection, a phygital collection that includes a limited edition quartz crystal lipstick jar and pieces of art through NFT created in collaboration with Latin artist Serena Elis and fashion artist Adriana Krawcewitz.