Cosmetics - Eastern Asia
Eastern Asia- In 2024, the Eastern Asian Cosmetics market is projected to generate a revenue of US$26.59bn.
- This market segment is anticipated to experience an annual growth rate of 4.77% (CAGR 2024-2029).
- When compared to other countries globally, United States leads the pack with a revenue of US$20bn in 2024.
- in Eastern Asia, with its significant market size and potential, is expected to contribute significantly to the overall revenue in the Cosmetics market industry.
- In terms of per capita revenue, each individual in Eastern Asia is estimated to generate US$16.27 in 2024.
- This figure provides insight into the economic impact and purchasing power of the population in this region.
- Furthermore, it is projected that 66% of the sales in the Cosmetics market by 2024 will be attributed to Non-Luxury.
- This demonstrates the importance of this particular market segment within the overall industry.
- In South Korea, skincare is not just a routine, it's a culture, with a focus on innovative products and a multi-step regimen.
- Key regions:
- Malaysia,
- Singapore,
- Worldwide,
- Indonesia,
- India
Definition:
The Cosmetics covers decorative cosmetics used for beautification and enhancing appearance. The segment includes for the face, lips, eyes, nails and natural cosmetics. Excluded are products applied to the skin for cleansing and care. Cosmetics include products such as makeup, lipsticks, mascara, and nail polishes.
Structure:
The market consists of 5 different segments:
- The Face Cosmetics cover decorative cosmetics that primarily serve as beauty products for the face including foundation makeup, concealers, face powders, BB and CC creams etc.
- The Lip Cosmetics cover decorative cosmetics that serve as beauty products for the lips including lipsticks, lipliner, and lip gloss.
- The Eyes Cosmetics covers beauty products for the eyes including mascara, eyeliner, eye shadow, and makeup for eyebrows.
- The Nails Cosmetics cover beauty products for the nails including polishes and top coats.
- The Natural Cosmetics cover beauty products for the face, eyes, and nails made completely or partially from natural ingredients and containing low or minimal amounts of synthetic chemicals.
Additional Information:
The market comprises revenue, average revenue per capita, sales channel, and luxury share. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
In-Scope
- Facial make up
- Lipsticks
- Eye make up
- Nail care & color
- Natural cosmetics
Out-Of-Scope
- Skin care
- Facial cleansing products
- Professional products & services
