Beauty & Personal Care - Azerbaijan

Azerbaijan

In Azerbaijan, the revenue in the Beauty & Personal Care market is projected to reach US$851.70m in 2024.
It is anticipated that the market will experience an annual growth rate of 3.96% (CAGR 2024-2029).
The largest segment in this market is Personal Care, which is estimated to have a market volume of US$387.00m in 2024.
In comparison to other countries worldwide, in the United States generates the highest revenue in this market, amounting to US$100bn in 2024.
When considering the population of Azerbaijan, the per person revenue in 2024 is projected to be US$81.41.
Furthermore, online sales are expected to contribute 22.7% of the total revenue in the Beauty & Personal Care market by 2024.
Despite being a small market, Azerbaijan has seen a growing demand for organic and natural beauty 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.