Fragrances - Turkey

  • Turkey
  • The Fragrances market in Turkey is projected to generate a revenue of US$1.32bn in 2024.
  • This market is expected to experience an annual growth rate of 3.66% (CAGR 2024-2029).
  • When compared to other countries globally, in the United States leads in revenue generation with US$8,862m in 2024.
  • In terms of per person revenues, in Turkey is expected to generate US$15.31 in 2024.
  • Additionally, it is estimated that 91% of sales in the Fragrances market in Turkey will be attributed to Non-Luxury by 2024.
  • The fragrance market in Turkey is experiencing a surge in demand for traditional Turkish scents, such as rose, jasmine, and oud.

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.

Overview

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