Fragrances - Norway
Norway- In 2024, the Fragrances market in Norway is projected to generate a revenue of US$63.27m.
- Looking ahead, the market is expected to experience an annual growth rate of -0.23% (CAGR 2024-2029).
- When compared globally, United States leads the pack with a revenue of US$9bn in 2024.
- This highlights the dominance of the American market in the Fragrances market industry.
- In terms of per capita figures, each person in Norway is estimated to contribute US$11.47 in revenue to the Fragrances market in 2024.
- This metric provides insight into the individual spending power within the country.
- Furthermore, it is projected that 59% of sales in the Fragrances market by 2024 will be attributed to Luxury.
- This emphasizes the significance of this segment within the overall market landscape.
- Norway's fragrance market is thriving, with an increasing demand for natural and sustainable scents inspired by the country's pristine landscapes and clean, Nordic aesthetic.
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
