In 2023, the export value of essential oils, perfumes, cosmetics, and toiletries from Japan stood at a significant figure. The forecast for the following years shows a steady growth trajectory, with the value expected to reach 7.1241 billion USD in 2024, 7.4684 billion USD in 2025, and continuing to rise each year up to 8.4608 billion USD in 2028. Year-on-year variations from 2024 to 2028 show an average increase of around 4-5% annually. Over the five-year period, the compound annual growth rate (CAGR) is projected to be notable.
Future trends to watch for include the increasing global demand for high-quality Japanese cosmetics and toiletries, innovation in sustainable and organic product offerings, and expanding markets in Asia and beyond. Monitoring these trends will be crucial for leveraging growth opportunities and staying competitive in the global marketplace.