Beauty & Personal Care - G20

In 2024, the revenue in the Beauty & Personal Care market for G20 amounts to US$406.80bn.
It is projected to grow annually by 2.40% (CAGR 2024-2029).
The largest segment in this market is Personal Care, with a market volume of US$171.90bn in 2024.
When compared to other countries, in the United States generates the highest revenue, reaching US$100bn in 2024.
Considering the total population, per person revenues of US$114.90 are generated in 2024.
By 2024, online sales will contribute 49.5% of the total revenue in the Beauty & Personal Care market.
In the beauty & personal care market, Japan's obsession with skincare has led to a surge in demand for innovative and high-quality beauty products.

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

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.