Market Insights Consumer Beauty & Personal Care Cosmetics

Natural Cosmetics - ASEAN

ASEAN

In ASEAN, the Natural Cosmetics market is projected to generate a revenue of US$0.66bn in 2024.
Experts anticipate an annual growth rate of 3.92% (CAGR 2024-2029) for this market segment.
When compared globally, in China stands as the top revenue generator with a projected revenue of US$3,102m in 2024.
Looking at the per person figures, in 2024, the average revenue generated per individual is estimated to be US$0.96.
In Thailand, the demand for natural cosmetics is on the rise, driven by an increasing awareness of the benefits of organic and sustainable beauty products.

Key regions: United Kingdom, Indonesia, India, Canada, Worldwide

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Methodology

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.