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$45.88 in revenue in the Cosmetics market in 2024.
Looking ahead to 2024, approximately 58% 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

Market

Region

Region comparison

Currency

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.