From 2013 to 2023, the Skin Care Powders, Make-Up Powders market in Sri Lanka exhibited modest growth, with value per capita starting at $0.11, fluctuating between $0.10 and $0.13 by 2023. The trend shows a steady increase from 2019 onwards. The year-on-year growth for the past two years remained stable at $0.13, indicating a recovery and stabilization post-pandemic. The five-year compound annual growth rate (CAGR) is slight, marking consistent interest but limited growth in consumer spending per capita over this period.
Future trends to watch include the impact of economic recovery on consumer purchasing power, potential shifts towards organic or natural products, and digital marketing efforts which could drive growth in this segment. Innovations in product formulations and increased brand presence could also influence market value in the forthcoming years.
| # | 33 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 10.47 | 2023 | View data | ||
| 2 | 2 Norway | 7.65 | 2023 | View data | ||
| 3 | 3 Italy | 6.92 | 2023 | View data | ||
| 4 | 4 Japan | 6.68 | 2023 | View data | ||
| 5 | 5 New Zealand | 6.57 | 2023 | View data | ||
| 31 | 31 Indonesia | 0.39 | 2023 | View data | ||
| 32 | 32 Kyrgyzstan | 0.14 | 2023 | View data | ||
| 33 | 33 Sri Lanka | 0.13 | 2023 | |||
