Market Insights Consumer Beauty & Personal Care

Cosmetics - Australia & Oceania

Australia & Oceania

In 2024, the revenue generated in the Cosmetics market in Australia & Oceania amounts to US$1.96bn.
It is projected to grow annually by 3.96% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue of US$20,130m in 2024.
Considering the total population, per person revenues of US$45.16 are generated in 2024.
Furthermore, by 2024, 82% of the sales in the Cosmetics market will be attributed to Non-Luxury.
"Natural and eco-friendly cosmetics are gaining popularity in Australia, as consumers prioritize sustainable and ethical beauty products."

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.