Market Insights Consumer Beauty & Personal Care

Cosmetics - Ethiopia

Ethiopia

In Ethiopia, the revenue in the Cosmetics market is projected to reach US$567.50m in 2024.
It is anticipated that the market will experience an annual growth rate of 4.12% (CAGR 2024-2029).
When compared to the global market, in the United States generates the highest revenue, amounting to US$20,130m in 2024.
In terms of per capita income, each person in Ethiopia is estimated to generate US$4.38 in revenue in 2024.
Furthermore, it is expected that 91% of total sales in the Cosmetics market by 2024 will be attributed to Non-Luxury.
Ethiopia's cosmetics market is experiencing a surge in demand for natural and organic products inspired by traditional Ethiopian beauty rituals.

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

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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.