Market Insights Consumer Beauty & Personal Care Personal Care

Deodorants - Bolivia

Bolivia

In Bolivia, the revenue in the Deodorants market is projected to reach US$46.93m in 2024.
It is expected to grow annually by 4.96% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, amounting to US$5,784m in 2024.
In terms of per person revenues, in Bolivia generates US$3.73 in 2024.
Despite the hot weather in Bolivia, the demand for deodorants in the market remains steady due to the country's emphasis on personal hygiene.

Key regions: United Arab Emirates, Canada, Malaysia, Indonesia, Singapore

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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.