Beauty & Personal Care - Laos

Laos

The revenue generated in the Beauty & Personal Care market of Laos is expected to reach US$432.60m in 2024.
It is projected to grow annually by 2.63% (CAGR 2024-2029).
The largest segment in this market is Personal Care, which is estimated to have a market volume of US$199.50m in 2024.
When compared globally, in the United States generates the highest revenue with US$100bn in 2024.
In terms of per capita revenues, in Laos generates US$55.91 per person in 2024.
By 2024, online sales are expected to contribute 24.5% of the total revenue in the Beauty & Personal Care market.
Despite its small size and relatively low income levels, the beauty and personal care market in Laos is experiencing steady growth, driven by increasing consumer awareness and a growing desire for self-care and grooming 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.