Beauty & Personal Care - Australia

Australia

In Australia, the revenue generated in the Beauty & Personal Care market is expected to reach US$7.42bn in 2024.
It is projected that the market will grow annually by 2.24% (CAGR 2024-2029).
The largest segment in this market is the Personal Care segment, which is estimated to have a market volume of US$2.96bn in 2024.
When comparing in Australia to other countries globally, in the United States generates the highest revenue in this market, reaching US$100bn in 2024.
In terms of per capita revenue, each person in Australia is expected to generate US$277.80 in 2024.
Furthermore, it is projected that 37.0% of the total revenue in the Beauty & Personal Care market will be generated through online sales in Australia by 2024.
"Australia's beauty and personal care market is experiencing a surge in demand for natural and organic products, driven by a growing consumer preference for sustainable and eco-friendly options."

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.