Beauty & Personal Care - Hungary

Hungary

In Hungary, the revenue in the Beauty & Personal Care market is projected to reach US$1,019.00m in 2024.
It is expected that the market will grow by 2.22% annually between 2024 and 2029 (CAGR 2024-2029).
The largest segment in this market is the Personal Care segment, which is estimated to have a market volume of US$453.40m in 2024.
When compared globally, in the United States generates the highest revenue in the Beauty & Personal Care market, reaching US$100bn in 2024.
In terms of per person revenues, in Hungary generates US$101.90 in 2024.
Furthermore, online sales are expected to contribute to 31.0% of the total revenue in the Beauty & Personal Care market by 2024.
Hungary's Beauty & Personal Care market is experiencing a surge in demand for natural and organic 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.