Market Insights Consumer Beauty & Personal Care Personal Care

Hair Care - Bangladesh

Bangladesh

In 2024, the revenue in the Hair Care market in Bangladesh is projected to reach €1.74bn.
It is anticipated that the market will experience an annual growth rate of 3.03% (CAGR 2024-2029).
Comparing globally, in the United States generates the highest revenue in this market, amounting to €12,480m in 2024.
When considering the total population, each person in Bangladesh is expected to generate revenues of €9.94 in 2024.
With a growing middle class and increasing focus on personal grooming, the hair care market in Bangladesh is experiencing a surge in demand for premium products.

Key regions: Indonesia, United Kingdom, India, United Arab Emirates, 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.