Market Insights Consumer Beauty & Personal Care

Fragrances - North Macedonia

North Macedonia

The revenue generated in the Fragrances market in 2024 is estimated to be US$21.87m.
This market segment is expected to grow annually by 2.46% (CAGR 2024-2029).
In comparison to other countries, in the United States generates the highest revenue in the Fragrances market with US$8,862m in 2024.
When considering the total population figures, it can be observed that per person revenues amount to US$10.50 in 2024.
Furthermore, it is projected that 90% of sales in the Fragrances market will be attributed to Non-Luxury by 2024.
In North Macedonia, the Fragrances market generates a revenue of US$21.87m in 2024.
The market is expected to grow annually by 2.46% (CAGR 2024-2029).
In comparison to other countries, in the United States generates the highest revenue in the Fragrances market with US$8,862m in 2024.
When considering the total population figures, per person revenues amount to US$10.50 in 2024.
Additionally, it is projected that 90% of sales in the Fragrances market will be attributed to Non-Luxury by 2024.
North Macedonia's fragrance market is experiencing a surge in demand for traditional floral scents inspired by 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.