Market Insights Consumer Beauty & Personal Care

Skin Care - Tanzania

Tanzania

In Tanzania, the revenue generated in the Skin Care market is projected to reach US$1,053.00m in 2024.
This market segment is expected to experience an annual growth rate of 2.95% (CAGR 2024-2029).
When comparing in Tanzania to other countries globally, it is worth noting that in the United States leads in terms of revenue generation, with an estimated revenue of US$24,350m in 2024.
In terms of per capita revenue, in 2024, in Tanzania is projected to generate US$15.17 per person.
This figure takes into account the total population of the country.
Furthermore, by 2024, luxury goods are expected to contribute [max[maxNon-LuxuryRevenueShare]RevenueShareValue] to the overall sales in the Skin Care market in Tanzania.
Tanzania's skin care market is experiencing a surge in demand for natural and organic products, driven by consumers' increasing awareness of the benefits of sustainable and eco-friendly 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.