Market Insights Consumer Beauty & Personal Care

Skin Care - Portugal

Portugal

Portugal's Skin Care market is projected to generate a revenue of €586.50m in 2024.
The market is anticipated to exhibit an annual growth rate of 2.01% (CAGR 2024-2029).
In comparison to other countries, in the United States generates the highest revenue in the global Skin Care market, reaching €22,580m in 2024.
On a per person basis, Portugal's Skin Care market generates revenues of €57.37 in 2024.
Additionally, [maxNon-LuxuryRevenueShare] are expected to account for [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market by 2024.
"Portugal's skin care market is embracing traditional ingredients like olive oil and cork extract for their natural and sustainable properties."

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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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.