The rise of Black-owned fragrance brands in the beauty industry

(Source: Moodeaux)
February is here and the scent of love is in the air, with Valentine’s Day right around the corner. At the same time, the market for fragrances, one of the most popular gifts during this holiday, is booming like never before. According to global data and business intelligence platform Statista, the US fragrance market is expected to generate US$8.86 billion in revenue by the end of 2024 and is predicted to expand at a compound annual growth rate of 1.7 per cent between 2024 to 2028.  Vari

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