The market for perfumes and toilet waters in France presents a varied historical trend. The market saw a significant contraction of 12.99% in 2015 but started to recover gradually from 2016 onwards, showing positive year-on-year growth rates, peaking at 5.96% in 2019. However, from 2020 to 2023, the market has experienced slight declines, with a continued decrease through the forecast period up to 2028. As of 2023, the market stands at 6.0629 billion USD.
The average annual growth rate (CAGR) over the last five years is 0.55%. This indicates a relatively stable but slow growth trend in the recent past, with minimal fluctuations.
Looking ahead, the market is expected to experience a slight overall decline, with a forecasted average annual decrease (CAGR) of -0.11% from 2024 to 2028, translating to a forecasted growth rate of -0.56% by 2028.
Future trends to watch for include shifts in consumer preferences towards natural and sustainable products, potential impacts of economic fluctuations on luxury goods spending, and innovations in fragrance technology that could stimulate market interest and demand.
