Skin Care - Latvia
Latvia- In Latvia, the revenue generated in the Skin Care market in 2024 is estimated to be US$66.34m.
- It is projected to experience an annual growth rate of 0.95% (CAGR 2024-2029).
- When comparing this figure globally, United States leads the way with a revenue of US$24bn in 2024.
- In terms of per person revenues, in Latvia is expected to generate US$36.65 in 2024.
- This indicates the amount of revenue each individual contributes to the Skin Care market.
- Looking ahead to 2024, it is anticipated that [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the overall sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
- This segment represents a significant portion of the market's revenue.
- The demand for natural and organic skincare products is growing rapidly in Latvia, as consumers prioritize eco-friendly and sustainable options.
Definition:
Skin Care includes cosmetic products designed for care and protection of the skin. These cover all types of creams and lotions for face, hand and foot care as well as sunscreen. The products are not used for decorative purposes. Excluded are skin treatment products with a health focus, e.g. acne treatments, which are shown in the Consumer Market Outlook as part of OTC Pharmaceuticals.
Structure:
The market consists of 5 different segments:
- The Face Skin Care covers cosmetic products designed for care and protection of the face covering face and eye creams, face scrubs, masks and lip balms.
- The Body segment includes cosmetic products designed for care and protection of the skin. These incorporate all types of creams and lotions for the body, massage oil, hand and foot care.
- The Sun Protection market includes cosmetic products used for sun protection of the skin. These incorporates all types of adult sunscreens, sun sprays and after sun lotions.
- The Baby & Child cover products designed for the young and for the protection of their skin. These incorporate baby lotion, baby oil, baby powder and sunscreen for babies and children.
- The Natural Skin Care covers cosmetic products designed for care and protection of the skin. These cover all types of creams and lotions for face, hand and foot care as well as sunscreen. The products are made from natural ingredients and designed to contain low or minimal amounts of synthetic chemicals content.
Additional Information:
The market comprises revenue, average revenue per capita, sales channel, and luxury share. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
In-Scope
- Creams & lotions
- Sunscreen
- Eye & hand cream
- Baby & child skin care
Out-Of-Scope
- Decorative cosmetics
- Professional products & services
- Skin treatment products (e.g. acne treatment)
