Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Montenegro

Montenegro

In Montenegro, the revenue generated in the Face market in 2024 amounts to €10.01m.
It is projected that this market will experience an annual growth rate of 2.85% (CAGR 2024-2029).
Comparing globally, the highest revenue in the Face market is generated in Japan, with a total of €16,510m in 2024.
Taking into account the population figures, in Montenegro, the per person revenue generated in the Face market is €15.99 in 2024.
Montenegro's face market is experiencing a surge in demand for organic skincare products, driven by a growing awareness of the benefits of natural ingredients.

Key regions: United States, Indonesia, United Arab Emirates, South Korea, Canada

Marché

Région

Comparaison de régions

Monnaie

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.