Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Montenegro

Montenegro

In Montenegro, the revenue generated in the Face market in 2024 amounts to US$2.72m.
It is projected to experience an annual growth rate of 3.37% (CAGR 2024-2029).
Comparatively, in the United States leads the global market with a revenue of US$7,461m in 2024.
When considering the population, the per person revenue in Montenegro is US$4.35 in 2024.
Montenegro is experiencing a rising trend in the face market, with a surge in demand for natural skincare products.

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.