Market Insights Consumer Beauty & Personal Care

Fragrances - United Kingdom

United Kingdom

The revenue generated in the Fragrances market in the United Kingdom amounts to €1.99bn in 2024.
It is projected that the market will experience an annual growth rate of 0.40% (CAGR 2024-2029).
In comparison to the global market, in the United States generates the highest revenue with €8,133m in 2024.
In terms of per capita revenue, each person in the United Kingdom generates €29.34 in 2024.
Furthermore, it is estimated that 53% of sales in the Fragrances market will be attributed to Non-Luxury by 2024.
The United Kingdom's fragrance market is experiencing a surge in demand for niche, artisanal perfumes, reflecting a growing desire for unique and personalized scents.

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.