Beauty & Personal Care - Bosnia and Herzegovina

Bosnia and Herzegovina

In 2024, the Beauty & Personal Care market in Bosnia and Herzegovina is expected to generate a revenue of US$299.70m.
This market segment is projected to grow annually by 2.04% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is estimated to have a market volume of US$135.80m in 2024.
When compared globally, in the United States leads the way in revenue generation, with an estimated revenue of US$100bn in 2024.
In terms of per person revenues, in Bosnia and Herzegovina is expected to generate US$93.83 in 2024.
Furthermore, it is anticipated that online sales will contribute 13.7% of the total revenue in the Beauty & Personal Care market by 2024.
The demand for natural and organic beauty products is on the rise in Bosnia and Herzegovina as consumers become more conscious about their health and the environment.

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.