The Estonian Fragrance and Personal Care market has experienced fluctuating growth over the past decade, with market size expanding from €95.637 million in 2013 to €157.81 million in 2023. Notable spikes occurred in 2016 and 2017 with year-on-year increases of 14.1% and 9.52%, respectively. Despite a decline in 2020 due to unforeseen circumstances, the market rebounded with a healthy recovery phase. Recent years have seen more modest growth, evident from a 2.9% year-on-year increase in 2023. Over the past five years, the market demonstrated a CAGR of 3.41%.
Future trends to watch for include the increasing consumer preference for organic and sustainable products, advancements in e-commerce facilitating market penetration, and innovative product developments driven by changing consumer lifestyles and preferences.
| # | 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% | View data |
| 12 | 12 Hungary | 251,040,000 | 2023 | -0.76% | +0.85% | View data |
| 13 | 13 Croatia | 239,510,000 | 2023 | -0.085% | -0.8% | View data |
| 14 | 14 Estonia | 157,810,000 | 2023 | +2.9% | +3.41% | |
