Market Insights Consumer Beauty & Personal Care

Skin Care - Montenegro

Montenegro

In Montenegro, the revenue in the Skin Care market is projected to reach US$18.50m in 2024.
It is expected that the market will experience an annual growth rate of 2.52% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Skin Care market, with an estimated revenue of US$24,350m in 2024.
In terms of per person revenue, in Montenegro generates US$29.54 in 2024.
This indicates the amount of revenue generated per individual in the country.
Furthermore, it is anticipated that by 2024, [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
This demonstrates the market share of luxury products within the overall Skin Care market industry.
Montenegro's skin care market is experiencing a surge in demand for organic and natural products, driven by the country's growing eco-consciousness and preference for sustainable beauty 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.