Market Insights Consumer Beauty & Personal Care

Skin Care - Canada

Canada

In 2024, the revenue generated in the Skin Care market in Canada is projected to amount to US$2,139.00m.
This market segment is expected to experience an annual growth rate of 2.12% (CAGR 2024-2029).
In comparison to other countries, in the United States generates the highest revenue in this market, reaching US$24,880m in 2024.
When considering the total population, the per person revenue in Canada is estimated to be US$54.70 in 2024.
By the same year, luxury goods are expected to account for [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of total sales in the Skin Care market.
"Canada's skin care market is witnessing a surge in demand for natural and organic products, driven by increasing consumer preference for clean and sustainable beauty options."

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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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.