Market Insights Consumer Beauty & Personal Care

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, in the United States leads the pack with a revenue of US$20,130m 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

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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.