Market Insights Consumer Beauty & Personal Care

Cosmetics - Europe

Europe

In 2024, the revenue in the Cosmetics market in Europe amounts to US$22.97bn.
It is projected to grow annually by 2.71% (CAGR 2024-2029).
In comparison to other countries, in the United States generates the highest revenue with US$20,130m in 2024.
When considering the total population, the per person revenue in 2024 is US$27.22.
Additionally, it is estimated that 57% of sales in the Cosmetics market by 2024 will be attributed to Non-Luxury.
France's cosmetics market is thriving, with a focus on luxury brands and a strong emphasis on natural and organic products.

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.