Beauty & Personal Care - Iceland

Iceland

In 2024, the Beauty & Personal Care market in Iceland is projected to generate a revenue of US$142.50m.
It is anticipated that the market will experience an annual growth rate of 5.27% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is expected to reach a market volume of US$62.75m in 2024.
When compared globally, in the United States leads in revenue generation, with a total of US$100bn in 2024.
Considering the population figures, per person revenues of US$377.40 are estimated for 2024.
Furthermore, online sales are predicted to contribute 46.1% of the total revenue in the Beauty & Personal Care market by 2024.
The beauty and personal care market in Iceland is seeing a growing demand for natural and organic products, reflecting the country's strong focus on sustainability and environmentally-friendly practices.

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.