Market Insights Consumer Beauty & Personal Care

Cosmetics - Benin

Benin

In 2024, the revenue in the Cosmetics market in Benin amounts to US$85.05m.
It is projected that the market will experience an annual growth rate of 4.34% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with US$20,130m in 2024.
Looking at the per person revenues in relation to the total population, each individual in Benin generates US$6.04 in 2024.
Additionally, it is estimated that by 2024, 81% of the sales in the Cosmetics market in Benin will be attributed to Non-Luxury.
Benin's cosmetics market is experiencing a surge in demand for natural and organic products, driven by the country's growing awareness of sustainability and eco-consciousness.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.