Market Insights Consumer Beauty & Personal Care Cosmetics

Eye Cosmetics - Mongolia

Mongolia

In Mongolia, the revenue in the Eyes market for the year 2024 reaches €5.72m.
Looking ahead, the market is projected to experience an annual growth rate of 3.21% (CAGR 2024-2029).
Comparing on a global scale, in the United States takes the lead in generating the largest revenue, amounting to €4,673m in 2024.
When considering the population, the per person revenue stands at €1.64 in 2024.
Mongolia's growing interest in traditional Mongolian medicine has led to a surge in demand for natural eye care remedies.

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

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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.