Beauty & Personal Care - Cuba

Cuba

In 2024, the Beauty & Personal Care market in Cuba is projected to generate a revenue of US$1.37bn.
This market is expected to grow at an annual rate of 4.90% (CAGR 2024-2029).
The largest segment within this market is Personal Care, with a market volume of US$0.63bn in 2024.
When compared globally, in the United States stands as the leading revenue generator, with a total revenue of US$100bn in 2024.
In terms of per person revenues, in Cuba is estimated to generate US$122.80 in 2024.
Looking specifically at the Beauty & Personal Care market in Cuba, it is anticipated that 2.5% of the total revenue will be generated through online sales by 2024.
Cuba's beauty and personal care market is experiencing a resurgence as the country opens up to tourism, with a focus on natural and traditional remedies.

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

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.