Market Insights Consumer Beauty & Personal Care

Beauty Tech - Colombia

Colombia

In 2024, the revenue generated in the Beauty Tech market in Colombia amounts to €31.94m.
According to projections, the market is anticipated to experience an annual growth rate of 16.63% (CAGR 2024-2028).
When compared globally, in the United States generates the highest revenue in this market, reaching €1,290m in 2024.
In terms of per capita figures, the revenue per person in Colombia is €0.61 in 2024.
The Beauty Tech market encompasses the intersection of beauty and technology, offering innovative products and services in Colombia.
Colombia's beauty tech market is flourishing with innovative apps and devices that cater to the unique beauty needs of its diverse population.

Key regions: Worldwide, United Kingdom, South Korea, Indonesia, United States

Mercado

Región

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Methodology

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.