Market Insights Consumer Beauty & Personal Care

Skin Care - Nepal

Nepal

In 2024, the revenue in the Skin Care market in Nepal amounts to NPR US$529.90m.
It is projected to grow annually by 3.14% (CAGR 2024-2029).
Compared to other countries, in the United States generates the highest revenue in the global Skin Care market, reaching US$24,880m in 2024.
Taking into account the total population, per person revenues of US$16.96 are generated in Nepal in 2024.
Additionally, by 2024, [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
The demand for organic and natural skincare products is on the rise in Nepal, driven by a growing awareness of the benefits of using locally-sourced ingredients.

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.