Market Insights Consumer Beauty & Personal Care

Fragrances - Hong Kong

Hong Kong

In 2024, the Fragrances market in Hong Kong is projected to generate a revenue of €240.00m.
This market is expected to experience an annual growth rate of 2.18% (CAGR 2024-2029).
When compared to other countries, in the United States leads in revenue generation with €8,218m in 2024.
In terms of per capita revenue, each person in Hong Kong is estimated to generate €32.01 in 2024.
Additionally, it is predicted that 56% of sales in the Fragrances market by 2024 will be attributed to Luxury.
"The fragrance market in Hong Kong is experiencing a surge in demand for luxury niche perfumes."

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.