The forecast for the import of essential oils, perfumes, cosmetics, and toiletries to Japan shows a steady increase from $3.9906 billion in 2024 to $4.3386 billion in 2028. Compared to 2023, the market stood at $3.909 billion, showcasing a positive uptick. Year-on-year percentage increases are approximately 2.25% for 2024, 2.25% for 2025, 2.15% for 2026, 2.07% for 2027, and 1.99% for 2028. Over the last five years, the compound annual growth rate (CAGR) is approximately 2.14%.
Future trends to watch for:
· Increasing consumer preference for organic and natural ingredients.
· Rising demand for premium and luxury products.
· Growth in online retail and e-commerce sales channels.
· Innovations in sustainable and environmentally friendly packaging.