Market Insights Consumer Beauty & Personal Care

Cosmetics - Dominican Republic

Dominican Republic

In 2024, the revenue in the Cosmetics market in the Dominican Republic amounts to US$115.50m.
It is expected that the market will experience an annual growth rate of 7.69% (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$10.10 is generated in the Dominican Republic in 2024.
Furthermore, by 2024, 84% of the sales in the Cosmetics market will be attributable to Non-Luxury.
The cosmetics market in the Dominican Republic is experiencing a surge in demand for organic and natural products, driven by increasing consumer awareness of sustainability and health.

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.