Beauty & Personal Care - ASEAN

ASEAN

The ASEAN region is projected to see a revenue of US$34.19bn in the Beauty & Personal Care market by 2024.
This market is anticipated to experience an annual growth rate of 3.04% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is expected to reach a volume of US$16.59bn in 2024.
When compared globally, in the United States generates the highest revenue with US$100bn in 2024.
In terms of per capita revenue, each person in ASEAN can expect to generate US$49.46 in 2024.
Furthermore, it is estimated that 40.1% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
In Thailand's beauty and personal care market, there is a growing demand for natural 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.