Market Insights Consumer Beauty & Personal Care

Beauty Tech - Estonia

Estonia

In Estonia, the Beauty Tech market is projected to generate a revenue of €2.71m in 2024.
The market is forecasted to experience an annual growth rate of 4.08% from 2024 to 2029 (CAGR 2024-2029).
When compared to the global market, in the United States leads in terms of revenue generation, reaching €1,295m in 2024.
Taking into account the population figures, the per person revenue in Estonia amounts to €2.06 in 2024.
Estonia's thriving tech ecosystem has fostered a growing market for Beauty Tech, with innovative startups like PULSAR AI leading the way in AI-powered beauty solutions.

Key regions: Canada, Indonesia, India, United States, South Korea

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.