Market Insights Consumer Beauty & Personal Care

Cosmetics - Central Asia

Central Asia

In Central Asia, the revenue in the Cosmetics market in 2024 amounts to US$554.80m.
Looking ahead, the market is projected to grow annually by 4.95% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Cosmetics market, with US$20,130m in 2024.
In terms of per person revenues, US$7.00 is generated in 2024.
Moreover, by 2024, 84% of sales in the Cosmetics market will be attributed to Non-Luxury.
In Central Asia, the demand for natural and organic cosmetics is rapidly growing, as consumers prioritize products that are environmentally-friendly and promote healthy lifestyles.

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.