Market Insights Consumer Beauty & Personal Care

Skin Care - Malaysia

Malaysia

In Malaysia, the Skin Care market is projected to generate a revenue of €829.20m in 2024.
This market segment is expected to experience an annual growth rate of 2.28% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue, with €22,580m in 2024.
In relation to the total population, each individual in Malaysia is estimated to contribute €23.92 in revenue for the Skin Care market in 2024.
Additionally, it is predicted that by 2024, luxury goods will account for [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market.
"Malaysia's skin care market is experiencing a surge in demand for natural and botanical-based products, driven by the country's strong cultural emphasis on traditional remedies and ingredients."

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.