Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Cuba

Cuba

In 2024, the Face market in Cuba generated a revenue of US$53.76m.
It is projected to experience an annual growth rate of 5.87% (CAGR 2024-2029).
When compared to the global market, in the United States generated the highest revenue of US$7,461m in 2024.
Looking at the per person revenues in relation to the total population, in Cuba generated US$4.81 per person in 2024.
The demand for organic and locally sourced face products is on the rise in Cuba, reflecting the country's emphasis on sustainable and natural beauty.

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

Market

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Methodology

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.