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 63% 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

Market

Region

Region comparison

Currency

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.