Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Albania

Albania

In Albania, the revenue in the Face market is projected to reach US$9.92m in 2024.
It is anticipated that the market will experience an annual growth rate of 4.02% (CAGR 2024-2029).
When compared globally, the highest revenue is generated in the United States, with a total of US$7,461m in 2024.
In terms of per capita figures, in Albania generates per person revenues of US$3.51 in 2024.
The demand for cosmetic facial treatments in Albania has been steadily increasing, with a particular focus on non-invasive procedures.

Key regions: United Arab Emirates, India, Indonesia, South Korea, Worldwide

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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.