Forecast: Sold Production of Perfumes and Toilet Preparations in Sweden

The sold production of perfumes and toilet preparations in Sweden has experienced significant fluctuations from 2013 to 2023. Notably, there was a dramatic spike in 2020, with a 316.34% year-on-year increase, attributed to global disruptions possibly linked to the COVID-19 pandemic. Post-2020, the market saw a substantial decline of 78.64% in 2021 but showed strong recovery signs with a 74.53% rise in 2022. Continuing into 2023, the industry saw a modest growth of 3.72%, establishing a pattern of volatility but with an overall positive trend. The five-year CAGR leading to 2023 stands at 9.92%.

Future trends indicate a stable and steady growth trajectory with an average annual growth rate of 2.54% leading up to 2028. By 2028, the production volume is forecasted to grow by 13.36% from 2023 levels. Key trends to watch include advances in product innovation, consumer preferences towards sustainable and natural ingredients, and potential market adaptations due to evolving global regulations and economic conditions.