Market Insights Consumer Beauty & Personal Care

Cosmetics - North Macedonia

North Macedonia

In 2024, the revenue generated in the Cosmetics market in North Macedonia amounts to US$24.18m.
It is projected that the market will grow annually by 3.09% (CAGR 2024-2029).
When comparing in North Macedonia to other countries globally, it is important to note that in the United States generates the highest revenue in the Cosmetics market, with US$20,130m in 2024.
In terms of per capita income, in 2024, each person in North Macedonia contributes US$11.61 to the total revenue in the Cosmetics market.
Looking ahead to 2024, it is estimated that 93% of the sales in the Cosmetics market will be attributed to Non-Luxury.
North Macedonia's cosmetics market is experiencing a surge in demand for natural and organic products.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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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.