Market Insights Consumer Beauty & Personal Care

Cosmetics - Moldova

Moldova

In Moldova, the revenue in the Cosmetics market is projected to reach US$35.41m in 2024.
It is anticipated that the market will experience an annual growth rate of 1.62% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, with an estimated amount of US$20,130m in 2024.
In terms of per capita figures, each person in Moldova is expected to contribute revenue of US$10.63 in 2024.
Additionally, by 2024, 70% of sales in the Cosmetics market will be attributed to Non-Luxury.
Moldova's cosmetics market is experiencing a surge in demand for natural and organic products due to the country's focus on sustainability and eco-friendly lifestyles.

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.