Market Insights Consumer Beauty & Personal Care Cosmetics

Natural Cosmetics - Caribbean

Caribbean

In the Caribbean, the Natural Cosmetics market is projected to generate a revenue of US$70.36m in 2024.
According to a compounded annual growth rate (CAGR) of 5.27% between 2024 and 2029, the market is expected to experience steady growth.
When compared globally, in China leads the market with a revenue of US$3,102m in 2024.
However, in terms of per capita revenue, in the Caribbean generates US$1.73 per person in 2024.
The Caribbean has seen a rise in demand for natural cosmetics, driven by the region's focus on sustainable and environmentally-friendly 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.