Market Insights Consumer Beauty & Personal Care Skin Care

Body - Iceland

Iceland

In 2024, the revenue in the Body market in Iceland amounts to US$5.15m.
The market is projected to grow annually by 5.18% (CAGR 2024-2029).
When comparing globally, in China generates the highest revenue in the Body market, reaching US$4,339m in 2024.
In relation to the total population figures, each person in Iceland generates a revenue of US$13.64 in 2024.
Iceland's body care market is embracing natural and sustainable products, with a focus on locally sourced ingredients and eco-friendly packaging.

Key regions: South Korea, India, Canada, Singapore, 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.