Fragrances - Dominican Republic
Dominican Republic- In 2024, the Fragrances market in the Dominican Republic is projected to generate revenues of US$134.80m.
- This market segment is expected to experience an annual growth rate of 3.08% from 2024 to 2029, as measured by the Compound Annual Growth Rate (CAGR).
- In comparison to other countries, United States leads the global Fragrances market with revenues reaching US$9bn in 2024.
- When considering the population of the Dominican Republic, the per person revenue in the Fragrances market amounts to US$11.79 in 2024.
- Looking ahead to 2024, it is estimated that 88% of the sales in the Fragrances market will be attributed to Non-Luxury.
- The Dominican Republic's fragrance market is experiencing a surge in demand for locally-made, organic scents inspired by the country's tropical climate and natural resources.
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
