Market Insights Consumer Beauty & Personal Care

Cosmetics - Belgium

Belgium

In Belgium, the revenue generated in the Cosmetics market is projected to reach US$424.50m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.73% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue, with an estimated amount of US$20,130m in 2024.
In terms of per capita revenue, each individual in Belgium is expected to generate US$36.23 in 2024.
Furthermore, by 2024, approximately 56% of the sales in the Cosmetics market will be attributed to Non-Luxury.
Belgium's cosmetics market has seen a surge in demand for organic and sustainable beauty products.

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

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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.