Market Insights Consumer Beauty & Personal Care Personal Care

Deodorants - Azerbaijan

Azerbaijan

In 2024, the Deodorants market in Azerbaijan is projected to generate a revenue of €38.45m units of currency.
It is anticipated that the market will experience an annual growth rate of 3.83% (CAGR 2024-2029).
When compared globally, in the United States is the leading country in terms of revenue generation, with a total of €5,308m units of currency in 2024.
Furthermore, in relation to the population, the per capita revenue in Azerbaijan is estimated to be €3.68 units of currency in 2024.
"Despite a growing awareness of personal hygiene, the deodorant market in Azerbaijan remains dominated by traditional fragrances."

Key regions: United Arab Emirates, Canada, Malaysia, Indonesia, Singapore

Mercado

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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.