The Fragrances and Personal Care Market in Hungary has shown a fluctuating trend over the past decade. Starting in 2013, the market witnessed moderate growth in subsequent years, with a notable dip in 2016. The market rebounded in 2017, continuing its ascent until reaching a peak in 2021. However, the market saw a slight decline in the following years, standing at 251.04 million Euros in 2023. The year-on-year variations indicate occasional setbacks, although the overall Compounded Annual Growth Rate (CAGR) over the last five years is 0.85%.
Future trends to watch for:
• Increased demand for natural and organic products.
• Rising influence of e-commerce on purchasing behavior.
• Technological advancements in product formulation and packaging.
• Growing importance of sustainability and eco-friendliness.
| # | 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 |
| 10 | 10 Czech Republic | 414,130,000 | 2023 | +0.75% | +0.96% | View data |
| 11 | 11 Bulgaria | 331,780,000 | 2023 | +2.33% | +1.62% | View data |
| 12 | 12 Hungary | 251,040,000 | 2023 | -0.76% | +0.85% | |
| 13 | 13 Croatia | 239,510,000 | 2023 | -0.085% | -0.8% | View data |
| 14 | 14 Estonia | 157,810,000 | 2023 | +2.9% | +3.41% | View data |
