Market Insights Consumer Beauty & Personal Care

Cosmetics - Madagascar

Madagascar

In 2024, the revenue in the Cosmetics market in Madagascar amounts to US$167.50m.
It is projected that the market will experience an annual growth rate of 3.63% (CAGR 2024-2029).
When compared to other countries globally, in the United States generates the highest revenue with US$20,130m in 2024.
Considering the total population, per person revenues of US$5.40 are generated in Madagascar in 2024.
Additionally, it is estimated that 87% of sales in the Cosmetics market in Madagascar will be attributed to Non-Luxury by 2024.
The demand for natural and organic cosmetics in Madagascar is growing rapidly, as consumers are increasingly prioritizing sustainable and eco-friendly beauty products.

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

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Methodology

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.