Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Senegal

Senegal

In 2024, the Face market in Senegal is projected to generate a revenue of US$26.10m.
As per the annual growth rate of 4.43% (CAGR 2024-2029), the market is expected to expand steadily.
When compared globally, in the United States leads in revenue generation, with a staggering amount of US$7,461m in 2024.
In terms of per capita figures, in 2024, each person in Senegal contributes a revenue of US$1.43 to the Face market.
The demand for organic and natural face products is rapidly growing in Senegal, driven by increasing consumer awareness and preference for sustainable and locally sourced ingredients.

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.