Beauty & Personal Care - Montenegro

Montenegro

In 2024, the Beauty & Personal Care market in Montenegro is projected to generate a revenue of US$67.21m.
This market is expected to experience an annual growth rate of 2.93% (CAGR 2024-2029).
Among the various segments within the market, the Personal Care segment holds the largest market volume, amounting to US$30.09m in 2024.
When compared globally, in the United States generates the highest revenue in the Beauty & Personal Care market, reaching US$100bn in 2024.
In terms of per capita revenue, in Montenegro generates US$107.30 per person in 2024.
Furthermore, it is estimated that by 2024, approximately 23.9% of the total revenue in the Beauty & Personal Care market will be generated through online sales.
Montenegro's beauty and personal care market is experiencing a surge in demand for organic and natural products.

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.