Strong growth predicted for Chile’s fragrance market, according to Mintel

Strong growth predicted for Chile’s fragrance market, according to Mintel

Chile’s fragrance market has experienced strong growth in recent years, according to new research published by Mintel.

The market is forecast to achieve a compound annual growth rate of 5.8 percent by 2017. Mintel figures show that the Chilean fragrance market has grown steadily in recent years. The sector’s turnover in dollars was US$120m in 2007; US$172 m in 2010; US$220m in 2012, with the forecast for 2017 reaching US$266m.

In percentages this represents a growth of 8.6 percent in 2007; 24 percent in 2010 and 10.3 percent in 2012.

Chile’s fragrances market had a turnover of 96 billion Chilean pesos in 2011, divided into a turnover of 53 billion on products for women and 43 billion on products for men. Turnover in 2012 was 107 billion Chilean pesos, divided into a turnover of 61 billion on products for women and 46 43 billion on products for men.

The Mintel report shows that from 2008-2012 Chile’s mean annual growth rate in the fragrances segment was 12.1 percent.

Key companies dominating the market include: Grupo Puiq, which had a 21.5 percent share in 2011 and a 23.1 percent share in 2012; Comercial Davis also had a strong market share of 17.2 percent of the market in 2011 and 16.3 percent in 2012. Laboratorio Petrizzio had a 11.9 percent market share in 2011 and a 13.7 percent share in 2012.

 

 

 

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