Market Insights Consumer Beauty & Personal Care

Skin Care - Madagascar

Madagascar

Madagascar's Skin Care market is projected to generate a revenue of US$467.00m in 2024.
It is anticipated to experience an annual growth rate of 3.14% (CAGR 2024-2029).
In comparison to other countries, in the United States is the top revenue generator in the market, with a projected revenue of US$24,350m in 2024.
In terms of per capita revenue, each individual in Madagascar is expected to contribute US$15.04 in 2024.
Additionally, by 2024, luxury goods are estimated to account for [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market.
In Madagascar, the skin care market is increasingly focused on natural and organic products, reflecting a growing consumer 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.