Fragrances - Panama
Panama- The Fragrances market in Panama is projected to generate a revenue of US$62.71m in 2024.
- According to the Compound Annual Growth Rate (CAGR) from 2024 to 2029, the market is expected to grow by 4.74% annually.
- When compared globally, United States leads in revenue generation with US$9bn in 2024.
- On a per capita basis, each individual in Panama is expected to contribute US$13.85 to the Fragrances market in 2024.
- Additionally, it is predicted that 87% of the sales in the Fragrances market by 2024 will come from Non-Luxury.
- Panama's fragrance market is thriving, with a growing demand for locally-made, tropical-inspired scents that capture the country's unique natural beauty.
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
