Market Insights Consumer Beauty & Personal Care Cosmetics

Natural Cosmetics - Montenegro

Montenegro

in Montenegro, a country known for its natural beauty and pristine landscapes, is also making its mark in the Natural Cosmetics market.
In 2024, the revenue in this market segment amounts to US$1.06m.
With an annual growth rate of 3.02% (CAGR 2024-2029), the market is expected to expand further in the coming years.
When compared globally, in China takes the lead, generating a staggering revenue of US$3,102m in 2024.
However, in relation to the total population figures, in Montenegro is not far behind.
In fact, per person revenues of US$1.70 are generated in the country in the same year.
As consumers become more conscious of the ingredients they put on their skin and the impact it has on their health and the environment, the demand for natural cosmetics is on the rise.
in Montenegro, with its abundance of natural resources, is well-positioned to cater to this growing trend.
The revenue generated in the Natural Cosmetics market is a testament to the country's potential and its ability to meet the needs of consumers seeking natural and sustainable beauty products.
Montenegro's growing demand for natural cosmetics is driven by its pristine natural environment and the country's increasing focus on sustainability and wellness.

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

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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.