Market Insights Consumer Beauty & Personal Care

Cosmetics - Thailand

Thailand

In 2024, the revenue in the Cosmetics market in Thailand is projected to reach US$770.60m.
It is expected that the market will experience an annual growth rate of 5.05% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in the Cosmetics market with US$20,130m in 2024.
Taking into account the total population figures, the per person revenue in Thailand is estimated to be US$10.72 in 2024.
Furthermore, it is anticipated that 73% of the sales in the Cosmetics market by 2024 will be attributed to Non-Luxury.
Thailand's cosmetics market is booming, with a strong emphasis on natural and herbal products inspired by traditional Thai ingredients.

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

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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.