Market Insights Consumer Beauty & Personal Care

Cosmetics - Cyprus

Cyprus

In Cyprus, the revenue generated in the Cosmetics market is expected to amount to US$27.92m in 2024.
This market is projected to grow annually by 2.08% (CAGR 2024-2029).
When compared globally, in the United States leads the way in terms of revenue, with US$20,130m generated in 2024.
In relation to the total population of Cyprus, per person revenues are estimated to be US$22.01 in 2024.
Furthermore, it is predicted that 83% of sales in the Cosmetics market in Cyprus will be attributed to Non-Luxury by 2024.
Cyprus has seen a surge in demand for natural and organic cosmetics, reflecting a growing consumer preference for sustainable and eco-friendly beauty products.

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

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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.