Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Guatemala

Guatemala

In Guatemala, the revenue in the Face market is projected to reach US$278.90m in the year 2024.
It is anticipated that this market will experience an annual growth rate of 5.28%, calculated as the compound annual growth rate (CAGR) from 2024 to 2029.
When compared globally, in Japan leads in revenue generation, with an estimated revenue of US$17,990m in 2024.
Looking at the population figures, in 2024, the per person revenue generated is approximately US$15.19 in Guatemala.
Guatemala's face market is experiencing a surge in demand for organic and sustainable skincare products.

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.