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 83% 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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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.