Market Insights Consumer Beauty & Personal Care

Fragrances - Malaysia

Malaysia

In Malaysia, the Fragrances market is projected to generate a revenue of €352.00m in 2024.
This market segment is expected to experience an annual growth rate of 2.14% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in revenue generation, with an estimated amount of €8,133m in 2024.
Considering the population figures, the per person revenue in Malaysia's Fragrances market is forecasted to be €10.15 in 2024.
Furthermore, by 2024, approximately 54% of the total sales in the Fragrances market will be attributed to Non-Luxury.
The fragrance market in Malaysia is experiencing a surge in demand for locally-produced scents inspired by traditional Malaysian ingredients.

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

Marché

Région

Comparaison de régions

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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.