The forecasted sold production of perfumes in the UK for 2024 is set at 88.648 million euros, with a gradual decline to 87.643 million euros by 2028. Compared to the previous years, the production stood at 89 million euros in 2023. The year-on-year percentage variations show a consistent but modest decline: -0.29% from 2024 to 2025, -0.29% from 2025 to 2026, -0.28% from 2026 to 2027, and -0.28% from 2027 to 2028. Over the last five years, the compound annual growth rate (CAGR) reflects an average yearly decrease of approximately -0.27%.
Future trends to watch for in the perfume market include increasing consumer preferences for niche and sustainable brands, the potential impact of Brexit on trade and production costs, and advancements in fragrance technology. Additionally, economic fluctuations and changes in consumer spending habits due to global issues could also influence market dynamics.
