Beauty & Personal Care - Bangladesh

Bangladesh

The Beauty & Personal Care market in Bangladesh is projected to reach a revenue of US$11.22bn in 2024.
This market is expected to experience an annual growth rate of 3.18% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is estimated to have a market volume of US$5.27bn in 2024.
In terms of global comparison, in the United States generates the highest revenue in this market, amounting to US$100bn in 2024.
When considering the population figures, the per person revenue in Bangladesh's Beauty & Personal Care market is approximately US$64.20 in 2024.
Furthermore, it is anticipated that online sales will contribute to 11.9% of the total revenue in the Beauty & Personal Care market by 2024.
Despite being a developing country, Bangladesh has seen a significant increase in the demand for organic and natural beauty products in recent years.

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.