Market Insights Consumer Beauty & Personal Care

Skin Care - Baltics

Baltics

In the year 2024, the revenue generated in the Skin Care market in the Baltics amounts to US$217.50m.
It is projected that this market will experience an annual growth rate of 1.46% (Compound Annual Growth Rate or CAGR) from 2024 to 2029.
When compared to other countries globally, in the United States leads in terms of revenue generation in the Skin Care market, with a staggering amount of US$24,350m in 2024.
Considering the population figures, the per person revenue generated in the Baltics in 2024 is US$37.36.
Furthermore, by the year 2024, it is estimated that [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
"Skin care products infused with natural Baltic sea minerals are gaining popularity in the Baltics for their rejuvenating and nourishing properties."

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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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.