Market Insights Consumer Beauty & Personal Care Cosmetics

Natural Cosmetics - G20

In 2024, the revenue in the Natural Cosmetics market of the G20 countries amounts to a staggering US$7.93bn.
According to projections, the market is anticipated to experience an annual growth rate of 5.67% (CAGR 2024-2029).
When compared to other countries, in China leads the pack with a revenue of US$3,102m in 2024.
Looking at the per capita figures, we can see that in 2024, each person in the G20 countries generates a revenue of US$2.24.
Germany's natural cosmetics market is booming, with a strong focus on sustainability and organic ingredients.

Key regions: United Kingdom, Indonesia, India, Canada, Worldwide

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.