Market Insights Consumer Beauty & Personal Care

Personal Care - Iceland

Iceland

In Iceland, the revenue in the Personal Care market is projected to reach US$62.85m in 2024.
The market is anticipated to experience an annual growth rate of 5.23% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this market, with US$46bn in 2024.
Taking into account the total population, the per person revenue in Iceland is estimated to be US$166.40 in 2024.
The demand for natural and sustainable personal care products is on the rise in Iceland, driven by the country's strong focus on environmental preservation.

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.