Market Insights Consumer Beauty & Personal Care

Fragrances - Norway

Norway

In 2024, the Fragrances market in Norway is projected to generate a revenue of US$63.27m.
Looking ahead, the market is expected to experience an annual growth rate of -0.24% (CAGR 2024-2028).
When compared globally, in the United States leads the pack with a revenue of US$8,862m in 2024.
This highlights the dominance of the American market in the Fragrances market industry.
In terms of per capita figures, each person in Norway is estimated to contribute US$11.47 in revenue to the Fragrances market in 2024.
This metric provides insight into the individual spending power within the country.
Furthermore, it is projected that 59% of sales in the Fragrances market by 2024 will be attributed to Luxury.
This emphasizes the significance of this segment within the overall market landscape.
Norway's fragrance market is thriving, with an increasing demand for natural and sustainable scents inspired by the country's pristine landscapes and clean, Nordic aesthetic.

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

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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.