Market Insights Consumer Beauty & Personal Care

Cosmetics - Turkmenistan

Turkmenistan

In Turkmenistan, the revenue in the Cosmetics market is projected to reach US$64.74m in 2024.
The market is expected to exhibit an annual growth rate of 6.92% (CAGR 2024-2029).
When compared globally, the highest revenue is generated in the United States, amounting to US$20,130m in 2024.
In terms of per capita revenue, each person in Turkmenistan is estimated to generate US$9.81 in 2024.
Additionally, by 2024, 83% of sales in the Cosmetics market will be attributed to Non-Luxury.
Turkmenistan's cosmetics market is witnessing a surge in demand for traditional herbal skincare products, reflecting a growing preference for organic and locally sourced options.

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

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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.