From 2013 to 2023, the Fragrances and Personal Care market in Greece has exhibited notable growth, despite some fluctuations. The market increased from 720.3 million Euros in 2013 to 1020.4 million Euros in 2023. Over the last decade, the market saw its highest year-on-year growth in 2014 with a 9.82% increase, and a significant drop in 2021 with a -10.39% change. More recently, the market faced a contraction of -4.58% in 2020 amid global challenges, rebounded with a 17.32% rise in 2022, and continued with a moderate 2.36% growth in 2023.
Analyzing the five-year compound annual growth rate (CAGR), the period from 2019 to 2023 averaged a 1.62% annual increase. Positive trends indicate potential for continued market growth in the near term, albeit at a cautious pace due to recovery from earlier contractions and external factors.
Future trends to watch include the impact of consumer preferences shifting towards sustainable and organic products, technological advancements in product formulation, and the influence of e-commerce on purchasing behaviors as these could significantly mold the market landscape in the coming years.
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 4,215,700,000 | 2023 | +0.51% | +0.56% | View data |
| 2 | 2 Germany | 3,805,200,000 | 2023 | +1.86% | +0.16% | View data |
| 3 | 3 Spain | 1,818,400,000 | 2023 | -1.09% | -3.13% | View data |
| 4 | 4 Austria | 1,268,800,000 | 2023 | +3.65% | +3.15% | View data |
| 5 | 5 Greece | 1,020,400,000 | 2023 | +2.36% | +1.62% | |
| 6 | 6 Portugal | 860,040,000 | 2023 | +2.03% | +1.16% | View data |
| 7 | 7 Romania | 546,240,000 | 2023 | +1.75% | +1.27% | View data |
