Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Mongolia

Mongolia

In 2024, the Prestige Cosmetics market in Mongolia is projected to generate a revenue of US$4.27m.
Over the next five years (2024-2028), the market is anticipated to experience an annual growth rate of 1.09%, according to the compound annual growth rate (CAGR) analysis.
When compared globally, in the United States leads in terms of revenue generation in the Prestige Cosmetics market, with a projected revenue of US$5,284m in 2024.
In terms of per capita revenue, in 2024, each person in Mongolia is expected to contribute US$1.22 to the overall revenue in the Prestige Cosmetics market.
Mongolia's prestige cosmetics market is experiencing a surge in demand for natural and organic products, driven by the country's rich tradition of using herbal remedies.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.