Market Insights Consumer Beauty & Personal Care Skin Care

Body - Taiwan

Taiwan

In Taiwan, the revenue generated in the Body market is estimated to be US$218.70m in the year 2024.
It is projected to experience an annual growth rate of 6.86% (CAGR 2024-2029).
Comparing this to other countries worldwide, in China leads the market with a revenue of US$4,339m in 2024.
When considering the population size, the per person revenue in Taiwan is approximately US$9.13 in 2024.
Taiwan is experiencing a surge in demand for organic skincare products, as consumers prioritize natural ingredients and sustainable practices for their body care routines.

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.