Market Insights Consumer Beauty & Personal Care Skin Care

Baby & Child - Cuba

Cuba

In 2024, the Baby & Child market in Cuba generated a revenue of US$27.64m.
It is projected to experience an annual growth rate of 5.47% (CAGR 2024-2029).
When compared to other countries worldwide, in China leads in terms of revenue generation, reaching US$651m in 2024.
In relation to the total population, per person revenues amounted to US$2.47 in 2024.
Despite limited access to resources, Cuba has a strong cultural emphasis on family and community, leading to a growing demand for high-quality baby and child products.

Key regions: United Arab Emirates, India, Singapore, Worldwide, South Korea

Market

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Methodology

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.