The Perfumes and Toilet Waters market in Singapore has experienced consistent growth from 2012 to 2022, with the market value increasing from 314.24 million USD in 2012 to 661.37 million USD in 2022. Notably, the market saw significant annual growth rates, particularly in 2014 with an 18.18% increase and in 2016 with an exceptional 27.6% rise. However, the growth rate has moderated in recent years, with a year-on-year increase of 3.34% by 2022. Over the last five years, the market achieved a Compound Annual Growth Rate (CAGR) of approximately 3.42%.
For future trends, key factors to watch include the increasing demand for luxury and premium products, the influence of e-commerce on consumer purchasing behavior, and the potential for innovative product formulations driving demand. Environmental and sustainability concerns may also prompt shifts towards eco-friendly packaging and natural ingredients, which could shape market growth and product offerings moving forward.
How does Singapore rank in Perfumes and Toilet Waters Market Size Value?
| # | 55 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 25,234,000,000 | 2023 | +1.96% | +1.95% | View data |
| 2 | 2 France | 6,062,900,000 | 2023 | -0.14% | +0.55% | View data |
| 3 | 3 Germany | 5,710,500,000 | 2023 | +0.12% | -0.83% | View data |
| 4 | 4 United Kingdom | 4,968,700,000 | 2023 | +0.46% | -0.34% | View data |
| 5 | 5 Italy | 3,404,200,000 | 2023 | +0.79% | +0.54% | View data |
| 14 | 14 Israel | 812,060,000 | 2023 | +4.63% | +6.74% | View data |
| 15 | 15 Austria | 697,630,000 | 2023 | +1.6% | +0.83% | View data |
| 16 | 16 Singapore | 682,300,000 | 2023 | +3.16% | +3.41% | |
| 17 | 17 Argentina | 527,920,000 | 2023 | +0.12% | +0.34% | View data |
| 18 | 18 Switzerland | 464,070,000 | 2023 | -1.2% | -1.33% | View data |
