Fragrances are one of the top three health and beauty sectors in Russia. They hold the value CAGR (Compound Annual growth rate) of 10.1%, and volume CAGR of 8.9% for 2012 to 2017, according to market researcher Canaden.
Women's fragrances in Russia held the majority of the sector in 2012. It held value and volume shares of 64.3% and 63.9%. It is expected to continue to 2017 as it grows at a value CAGR of 10.0% and volume CAGR of 8.9%.
The report predicted that due to the blurring of the boundaries between women's and men's fragrances, men's fragrances will grow ahead of other categories in that sector. It will achieve a value and volume CAGR of 10.4% and 9.0% between 2012 and 2017, the report said.
The unisex fragrance category is also set to grow. It has a value CAGR of 10.1% and volume CAGR of 8.5% for the same period, although from a much smaller value and volume share of 4.7% in 2012.