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Body - Cyprus

Cyprus
  • In Cyprus, the revenue in the Body market reached US$8.05m in 2024.
  • It is projected to experience an annual growth rate of 1.90% (CAGR 2024-2029).
  • When compared to other countries worldwide, China generates the highest revenue in this market segment, amounting to US$4bn in 2024.
  • In terms of per capita income, each individual in Cyprus generates US$6.35 in revenue in 2024.
  • In Cyprus, the body fitness market is experiencing a surge in demand for outdoor exercise activities due to the country's favorable climate and scenic landscapes.

Definition:

The Body covers cosmetic products designed for care and protection of the skin. These incorporate all types of creams and lotions for the body, massage oil, hand and foot care. Excluded are face creams, sun protection, baby care and professional products and services.

Additional Information:

The market comprises revenue, average revenue per capita, and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Body lotions & creams
  • Body butter
  • Massage oil
  • Hand care
  • Foot care

Out-Of-Scope

  • Face care
  • Sun protection
  • Baby care
  • Professional products & services

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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