Market Insights Consumer Beauty & Personal Care

Fragrances - Belarus

Belarus

in Belarus, a country Eastern_Europe, is expected to witness a revenue of US$83.52m in the Fragrances market by 2024.
This market segment is projected to grow annually by 3.19% (CAGR 2024-2029).
However, in global comparison, in the United States leads the way with a staggering revenue of US$8,862m in 2024.
Looking at the population figures, it can be observed that per person revenues of US$8.83 are generated in Belarus in 2024.
Furthermore, it is estimated that 82% of the sales in the Fragrances market by 2024 will be contributed by Non-Luxury.
Belarusian consumers are increasingly gravitating towards locally-produced fragrances that showcase the country's rich cultural heritage.

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

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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.