The Fragrances and Personal Care market in Germany has experienced fluctuations from 2012 to 2022. From 2012 to 2016, the market showed positive growth, with notable year-on-year increases peaking in 2015 at 12.1%. However, beginning in 2017, the market faced a decline, marked by consecutive drops in value through 2020. In 2021 and 2022, the market value stabilized with slight year-on-year increases, but the overall trend over the last five years displays a negative CAGR of -1.66%.
Future trends to watch for include shifts in consumer preferences towards natural and sustainable products, increased digitalization in marketing and sales channels, and potential impacts from global economic conditions. Additionally, innovation in product formulations and packages, coupled with changing regulatory landscapes, could significantly influence market dynamics going forward.
| # | 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% | |
| 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 |