Market Insights Consumer Beauty & Personal Care

Fragrances - Cyprus

Cyprus

In Cyprus, the revenue in the Fragrances market is projected to reach US$21.37m by 2024.
It is expected to grow annually at a rate of 1.89% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with US$8,862m in 2024.
Taking into account the total population, per person revenues of US$16.85 are generated in 2024.
Additionally, by 2024, 76% of sales in the Fragrances market will be attributed to Non-Luxury.
Cyprus is experiencing a growing demand for niche fragrances, with consumers seeking unique scents that reflect 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.