Beauty & Personal Care - G7

In 2024, the Beauty & Personal Care market in G7 is projected to generate a revenue of US$223.70bn.
This market is expected to experience an annual growth rate of 1.97% (CAGR 2024-2029).
Among the various segments within the market, the largest one is Personal Care, with a market volume of US$93.24bn in 2024.
When compared globally, in the United States stands out as the country generating the highest revenue in this market, with US$100bn in 2024.
In terms of per capita figures, the revenue generated per person in 2024 amounts to US$287.40.
Furthermore, it is estimated that by 2024, online sales will contribute approximately 51.3% of the total revenue in the Beauty & Personal Care market.
In Japan, skincare products with traditional ingredients like green tea and rice bran are gaining popularity among consumers.

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.