Market Insights report
Beauty & Personal Care products are more than just an aisle in the supermarket. Overall, the market shows high growth rates, mostly driven by the Skin Care and Cosmetics segments. This report will discuss growth potential, market drivers, consumer insights, key companies, and future developments for the Beauty & Personal Care markets in Europe, Americas, Asia, Africa, and Australia & Oceania.
What's included?
This report from the series of Consumer Market Insights reports gives an overview of the Beauty & Personal Care market from an international perspective. Besides all relevant market figures, such as total and per-capita revenues for the years from 2018 to 2029, we also give detailed insights into current trends and key players as well as important background information on the Beauty & Personal Care market.The Beauty & Personal Care market is subject to constant challenges, innovations, and transformations, and the beauty industry is thriving. The market is divided into four segments: Cosmetics, Skin Care, Personal Care and Fragrances.Rising revenues depict the financial side, but the value of beauty products and services is on the rise as well: Women attribute individual comfort to cosmetics and beauty products and read and watch a lot on the topic. The highest growth potential can be attributed to the prestige cosmetics and the skin care products. Consumers are more and more interested in high quality, sustainability, and good ingredients. Japan and South Korea are pioneers in the field of Beauty & Personal Care, especially with regards to innovations and trends.In 2022, the Beauty & Personal Care market realized a revenue of US$627.34 billion worldwide, with Personal Care being the biggest segment. The segment accounted for 45% of the revenues, followed by the Skin Care market with 29%. Revenues are increasing at a CAGR of 3.11% between 2024 and 2029. The Cosmetics market, however, shows even higher growth and is expected to grow 4.08% annually, closely followed by the Skin Care market with an expected growth of 2.97% per year.
Note: CAGR: Compound Annual Growth Rate
Market Outlook
Market Outlook
We provide information on industries, companies, consumers, trends, countries, and politics, covering the latest and most important issues in a condensed format.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)