Market Insights Consumer Beauty & Personal Care Personal Care

Hair Care - Iceland

Iceland

In 2024, the Hair Care market in Iceland is projected to generate revenue of US$21.96m.
It is anticipated that the market will experience an annual growth rate of 5.43% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads the pack with revenue of US$13,600m in 2024.
Considering the population size, per person revenues of US$58.16 are expected to be generated in Iceland in 2024.
Icelandic consumers are increasingly opting for natural and eco-friendly hair care products, reflecting the country's commitment to sustainability and environmental consciousness.

Key regions: Indonesia, United Kingdom, India, United Arab Emirates, 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.