The Fragrances and Personal Care Market in Bulgaria reached a value of 331.78 million Euros in 2023. The market has seen fluctuations over the past decade, showing significant growth in 2016 and 2018, while experiencing downturns in 2014 and 2021. The year-on-year growth for 2023 was 2.33%, a slowdown compared to 2022. The five-year CAGR (Compound Annual Growth Rate) stood at 1.62%, indicating moderate growth within the recent period.
Future Trends to Watch:
- Rising demand for natural and sustainable personal care products.
- Increased internet penetration influencing e-commerce growth in fragrance sales.
- Potential impact of regulatory changes on product formulations and packaging.
| # | 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 |
| 9 | 9 Finland | 507,310,000 | 2023 | +3.89% | +4.34% | 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% | |
| 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 |
