Market Insights Consumer Beauty & Personal Care

Fragrances - Ecuador

Ecuador

In 2024, the Fragrances market in Ecuador is projected to generate a revenue of €150.80m.
This market segment is expected to experience an annual growth rate of 2.29% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue, with €8,218m generated in 2024.
In relation to the total population, per person revenues of €8.21 are projected for 2024.
Looking ahead to 2024, it is estimated that 85% of sales in the Fragrances market will be attributed to Non-Luxury.
"Ecuador's fragrance market is experiencing a surge in demand for locally sourced, sustainable ingredients, reflecting the country's rich biodiversity and commitment to environmental conservation."

Key regions: Malaysia, Worldwide, United Arab Emirates, United Kingdom, Indonesia

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.