Market Insights Consumer Beauty & Personal Care

Cosmetics - G20

In 2024, the revenue in the Cosmetics market for the country in G20 amounts to US$69.44bn.
It is projected that the market will experience an annual growth rate of 3.14% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the market, reaching US$20,130m in 2024.
Taking into account the total population figures, per person revenues amount to US$19.61 in 2024.
Additionally, by 2024, 68% of the sales in the Cosmetics market will be attributed to Non-Luxury.
In the cosmetics market, Japan's focus on skincare and innovation has made it a leader in the development of high-quality and technologically advanced 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.