Market Insights Consumer Beauty & Personal Care Skin Care

Body - Mongolia

Mongolia

In Mongolia, the revenue in the Body market is projected to reach US$11.72m by 2024.
It is anticipated to grow at an annual rate of 2.82% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in the Body market, amounting to US$4,339m in 2024.
Considering the total population, the per person revenue in Mongolia is estimated to be US$3.35 in 2024.
Mongolia's body care market is experiencing a surge in demand for traditional Mongolian herbal remedies and traditional massage techniques.

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.