Market Insights Consumer Beauty & Personal Care

Personal Care - Belgium

Belgium

In Belgium, the revenue in the Personal Care market is projected to reach US$1,075.00m by 2024.
It is anticipated that the market will experience an annual growth rate of 1.00% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with an estimated revenue of US$46bn in 2024.
Taking into account the total population figures, per person revenues amount to US$91.80 in 2024.
The personal care market in Belgium is seeing a rise in demand for natural and organic products.

Key regions: Malaysia, India, Singapore, United Kingdom, United States

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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.