In 2024, France leads Europe's perfume sold production with a significant share of 33.76%, while Germany follows with 20.06%. The United Kingdom and Italy hold 18.66% and 15.52% respectively. Greece shows a modest share of 3.37%, with Serbia, Bulgaria, and Spain having smaller shares. Notable year-on-year changes include Germany's 8.68% increase and Serbia's 21.85% surge. Conversely, the UK and Spain experienced declines of 3.99% and 4.08%, respectively. These variations highlight dynamic shifts in the market share, reflecting economic, cultural, and competitive factors. The five-year CAGR underscores underlying long-term growth and potential saturation points across various countries.
Future trends to watch include increasing competition in the European perfume market, particularly with innovation in sustainable and niche fragrances. Additionally, economic factors like trade policies and currency fluctuations could influence market dynamics, impacting production shares across European countries. Keeping an eye on consumer preferences towards personalization and eco-conscious products will also be crucial for understanding future growth prospects in the sector.
Top countries in Sold Production of Perfumes Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 33.76 | 2023 | +12.54% | +3.67% | View data |
| 2 | 2 Germany | 20.06 | 2023 | +3.07% | +8.68% | View data |
| 3 | 3 United Kingdom | 18.66 | 2023 | -0.34% | -3.99% | View data |
| 4 | 4 Italy | 15.52 | 2023 | +0.62% | +1.35% | View data |
| 5 | 5 Greece | 3.37 | 2023 | +2.18% | +3.79% | View data |
| 6 | 6 Serbia | 1.2 | 2023 | +7.08% | +21.85% | View data |
| 7 | 7 Bulgaria | 0.97 | 2023 | +4.69% | +7.86% | View data |
| 8 | 8 Spain | 0.38 | 2023 | +22.33% | -4.08% | View data |
| 9 | 9 Netherlands | 0.38 | 2021 | -15.4% | -1.92% | View data |
| 10 | 10 Lithuania | 0.12 | 2023 | +5.96% | +2.86% | View data |
