Market Insights Consumer Beauty & Personal Care

Cosmetics - Australia

Australia

In Australia, the revenue in the Cosmetics market is projected to reach US$1.66bn in 2024.
The market is anticipated to grow at an annual rate of 3.59% (CAGR 2024-2029).
Compared to other countries worldwide, in the United States generates the highest revenue in the Cosmetics market, with US$20,130m in 2024.
Considering the total population, each person in Australia is expected to generate US$62.07 in revenue in 2024.
Additionally, Non-Luxury will account for 72% of the total sales in the Cosmetics market by 2024.
Australia's growing demand for natural and organic cosmetics reflects the country's strong commitment to sustainability and environmental consciousness.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.