Market Insights Consumer Beauty & Personal Care

Cosmetics - Turkey

Turkey

In Turkey, the revenue generated in the Cosmetics market is projected to reach €1.18bn in 2024.
It is expected to experience an annual growth rate of 5.61% (CAGR 2024-2029).
When compared globally, in the United States stands out as the top revenue generator with €18,660m in 2024.
In terms of per capita income, each individual in Turkey is estimated to contribute €13.65 in revenue in 2024.
Additionally, Non-Luxury are anticipated to account for 90% of total sales in the Cosmetics market by 2024.
Turkey's cosmetics market is experiencing a surge in demand for natural and organic products, as consumers prioritize sustainability and ethical practices.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.