Market Insights Consumer Beauty & Personal Care

Fragrances - Thailand

Thailand

Thailand's Fragrances market is projected to generate a revenue of €336.20m in 2024.
This market segment is expected to experience a compound annual growth rate (CAGR) of 3.30% from 2024 to 2029.
When compared to other countries, in the United States leads the global Fragrances market with a revenue of €8,218m in 2024.
In terms of per capita revenue, in Thailand is expected to generate €4.68 in 2024.
Non-Luxury are predicted to contribute 68% of the total sales in the Fragrances market by 2024.
Thailand's fragrance market is embracing traditional Thai scents, incorporating local ingredients like jasmine and lemongrass for a unique and authentic olfactory experience.

Key regions: Malaysia, Worldwide, United Arab Emirates, United Kingdom, Indonesia

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.