Market Insights Consumer Beauty & Personal Care

Fragrances - Burkina Faso

Burkina Faso

The Fragrances market in Burkina Faso is projected to generate a revenue of US$165.90m in 2024.
This market segment is expected to grow annually by 4.75% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generation, with a staggering US$8,862m in 2024.
Looking at the population figures, it can be noted that per person revenues amount to US$6.96 in 2024.
Additionally, it is estimated that 89% of sales in the Fragrances market by 2024 will be attributed to Non-Luxury.
Burkina Faso's fragrance market is embracing traditional ingredients, such as shea butter and indigenous flowers, to create unique and culturally rich scents.

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.