Market Insights Consumer Beauty & Personal Care

Cosmetics - Malaysia

Malaysia

In Malaysia, the revenue generated in the Cosmetics market is projected to amount to €418.50m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.03% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with €18,660m in 2024.
On a per person basis, the revenue generated in Malaysia's Cosmetics market amounts to €12.07 in 2024.
Additionally, it is projected that 75% of the sales in the Cosmetics market in Malaysia will be attributed to Non-Luxury by 2024.
The demand for halal cosmetics is on the rise in Malaysia, as consumers prioritize products that adhere to Islamic dietary laws.

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

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Comparación de regiones

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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.