Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - Colombia

Colombia

In Colombia, the Face market generates a revenue of €83.45m in 2024.
It is projected to experience an annual growth rate of 6.34% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in revenue generation with €6,847m in 2024.
On a per capita basis, each person in Colombia generates revenues of €1.59 in 2024.
Colombia's growing interest in natural skincare products has led to an increased demand for organic face masks.

Key regions: United Arab Emirates, India, Indonesia, South Korea, Worldwide

Mercado

Región

Comparación de regiones

Moneda

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.