Market Insights Consumer Beauty & Personal Care Skin Care

Body - Ecuador

Ecuador

In Ecuador, the revenue generated in the Body market in 2024 amounts to €67.08m.
It is projected that the market will experience an annual growth rate of 2.19% (CAGR 2024-2029).
When comparing this to global figures, in China generates the highest revenue in the Body market, with €3,982m in 2024.
In terms of per person revenues, in Ecuador generates €3.65 in 2024.
Ecuadorian consumers are increasingly prioritizing natural and organic body care products due to growing concerns about the environment and personal health.

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

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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.