Fragrances - Germany

  • Germany
  • In 2024, the Fragrances market in Germany is projected to generate revenue of US$1.87bn.
  • It is anticipated that the market will experience an annual growth rate of 0.79% (CAGR 2024-2028).
  • When compared to other countries worldwide, in the United States leads in terms of revenue generated in the Fragrances market, with a projected revenue of US$8,862m in 2024.
  • In Germany, the per person revenue generated in the Fragrances market is estimated to be US$22.43 in 2024, taking into account the total population figures.
  • By 2024, it is expected that 61% of the sales in the Fragrances market will be attributed to Non-Luxury.
  • Germany's fragrance market is embracing natural and sustainable ingredients, driving the demand for eco-friendly and organic perfumes.

Key regions: South Korea, Worldwide, United Kingdom, Malaysia, United Arab Emirates

 
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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.

Overview

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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