Market Insights Consumer Beauty & Personal Care

Fragrances - Indonesia

Indonesia

In 2024, the revenue generated in the Fragrances market in Indonesia amounts to €0.40bn.
It is projected that the market will experience an annual growth rate of 2.83% (CAGR 2024-2029) in the country.
When compared to other countries globally, in the United States leads the way with a revenue of €8,133m in 2024.
In terms of per capita revenue, each person in Indonesia generates €1.45 in 2024.
Looking ahead to 2024, it is estimated that 60% of the sales in the Fragrances market in Indonesia will be attributed to Non-Luxury.
Indonesia's fragrance market is experiencing a surge in demand for traditional, locally-inspired scents, reflecting a growing appreciation for the country's rich cultural heritage.

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

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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.