Beauty & Personal Care - Albania

Albania

In 2024, revenue in Albania's Beauty & Personal Care market is projected to reach US$283.00m.
It is expected that the market will experience an annual growth rate of 3.16% (CAGR 2024-2029).
The largest segment in this market is Personal Care, which is estimated to have a market volume of US$128.50m in 2024.
When compared globally, in the United States generates the highest revenue in this industry, amounting to US$100bn in 2024.
In terms of per capita revenue, each person in Albania is projected to generate US$100.20 in 2024.
Additionally, it is predicted that 15.7% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
Albania's beauty and personal care market is experiencing a surge in demand for locally sourced and organic products.

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.