Fragrances - Nicaragua
Nicaragua- In 2024, the Fragrances market in Nicaragua is projected to generate a revenue of US$45.71m.
- This market segment is anticipated to experience an annual growth rate of 1.97% (CAGR 2024-2029).
- When compared globally, United States leads in terms of revenue generation, reaching US$9bn in 2024.
- Considering the total population figures, the per person revenue in Nicaragua is estimated to be US$6.40 in 2024.
- Additionally, by 2024, 88% of sales in the Fragrances market will be attributed to Non-Luxury.
- Nicaragua's fragrance market is witnessing a surge in demand for locally sourced, natural ingredients, reflecting the country's rich biodiversity and commitment to sustainable practices.
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
