Market Insights Consumer Beauty & Personal Care

Fragrances - Republic of the Congo

Republic of the Congo

In 2024, the Fragrances market in the Republic of the Congo is projected to generate a revenue of US$51.69m units of the local currency.
This market is expected to experience an annual growth rate of 5.17% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation in the Fragrances market, with an estimated revenue of US$8,862m units of the local currency in 2024.
In relation to the total population of the Republic of the Congo, the per person revenue in the Fragrances market is anticipated to reach US$8.28 units of the local currency in 2024.
By 2024, approximately 90% of the sales in the Fragrances market will be attributed to Non-Luxury.
The demand for luxury fragrances in the Republic of the Congo is growing rapidly, indicating an increasing interest in high-end perfumes among the country's affluent consumers.

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.