Market Insights Consumer Beauty & Personal Care

Cosmetics - Montenegro

Montenegro

In 2024, the revenue in the Cosmetics market in Montenegro amounts to US$9.45m.
It is projected to have an annual growth rate of 3.27% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with US$20,130m in 2024.
In terms of per person revenues, in Montenegro generates US$15.09 in 2024.
Additionally, by 2024, 61% of sales in the Cosmetics market will be attributed to Non-Luxury.
Montenegro's cosmetics market is experiencing a surge in demand for natural and organic 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.