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 1.90% (CAGR 2024-2029).
- When compared globally, United States generates the highest revenue with US$9bn in 2024.
- Taking into account the total population, per person revenues of US$16.85 are generated in 2024.
- Additionally, by 2024, 60% 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.
Definition:
The Fragrances includes the consumer market for perfume and Eau de Toilette and any fragrances which cover normal body odor. The market does not include room scents (see: Home and Laundry Care) or deodorants and antiperspirants (see: Personal Hygiene). The world's major manufacturers of fragrances and perfumes are Givaudan, Firmenich, IFF and Symrise whch mainly serve as suppliers for brand manufacturers. In the end consumer market, both brands of large cosmetics manufacturers, e.g. L'Oréal (Lancôme), as well as those under licence from fashion brands are well-known.
Additional Information:
The market comprises revenue, average revenue per capita, sales channel, and luxury share. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
In-Scope
- Perfume
- Eaux de toilette
Out-Of-Scope
- Deodorants
- Room scents
