Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Ecuador

Ecuador

In Ecuador, the revenue in the Face market reaches US$217.40m in 2024.
It is projected to experience an annual growth rate of 2.42% (CAGR 2024-2029).
When compared to other countries around Worldwide, in Japan leads the market with a revenue of US$17,990m in 2024.
Considering the population size, the per person revenue in Ecuador amounts to US$11.83 in 2024.
The demand for luxury face creams is on the rise in Ecuador, as consumers prioritize skincare and seek out high-end products for a youthful and radiant complexion.

Key regions: United States, Indonesia, United Arab Emirates, South Korea, Canada

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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.