Market Insights Consumer Beauty & Personal Care

Personal Care - Hungary

Hungary

In Hungary, the revenue in the Personal Care market reaches a noteworthy €416.70m in 2024.
Looking ahead, the market is projected to experience a steady annual growth of 2.01% (CAGR 2024-2029).
It is worth noting that when compared globally, in the United States stands out as the leader in revenue generation, reaching an impressive €42bn in 2024.
Furthermore, in terms of per person revenues, in Hungary sees an average of €41.69 in 2024.
Hungary's personal care market is seeing a surge in demand for natural and organic products, driven by consumers' increasing focus on sustainability and health-consciousness.

Key regions: Malaysia, India, Singapore, United Kingdom, United States

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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.