Market Insights Consumer Beauty & Personal Care

Cosmetics - Northern Europe

Northern Europe

In the year 2024, the revenue in the Cosmetics market in Northern Europe amounts to US$1.55bn.
This market segment is expected to grow annually by 3.49% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Cosmetics market, reaching US$20,130m in 2024.
In terms of per capita figures, each person in Northern Europe generates US$45.87 in revenue in the Cosmetics market in 2024.
Looking ahead to 2024, approximately 60% of the sales in the Cosmetics market in Northern Europe will be attributed to Non-Luxury.
In Northern Europe, eco-friendly and sustainable cosmetics are gaining popularity, with a strong emphasis on natural ingredients and cruelty-free practices.

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.