Market Insights Consumer Beauty & Personal Care

Skin Care - Burkina Faso

Burkina Faso

In Burkina Faso, the Skin Care market is projected to generate a revenue of US$377.30m in 2024.
Over the period of 2024-2029, the market is expected to experience an annual growth rate of 4.16%, according to Compound Annual Growth Rate (CAGR) calculations.
When compared to other countries worldwide, in the United States stands out as the top revenue generator in the Skin Care market, with a projected revenue of US$24,880m in 2024.
In terms of per capita income, the revenue per person in Burkina Faso's Skin Care market is estimated to be US$15.83 in 2024.
This figure is derived by dividing the total revenue by the country's population.
Furthermore, it is anticipated that by 2024, luxury goods will account for [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market.
Burkina Faso's skin care market is witnessing a surge in demand for natural and organic products, driven by consumers' growing preference for sustainable and eco-friendly options.

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.