Beauty & Personal Care - Canada

Canada

Canada's Beauty & Personal Care market is projected to generate a revenue of US$8.84bn in 2024.
This market is expected to grow annually by 1.51% (CAGR 2024-2029).
The largest segment within the market is Personal Care, with a market volume of US$4.13bn in 2024.
When compared globally, in the United States leads in revenue generation, with US$100bn in 2024.
Considering the population, in Canada is estimated to generate a per person revenue of US$225.90 in 2024.
Furthermore, it is predicted that online sales will account for 49.2% of the total revenue in the Beauty & Personal Care market by 2024.
In Canada, the beauty and personal care market is experiencing 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.