Beauty & Personal Care - Lithuania

Lithuania

The Beauty & Personal Care market in Lithuania is projected to reach a revenue of US$431.60m in 2024.
This market is expected to grow annually by 2.94%, according to the compound annual growth rate (CAGR) for the period of 2024-2029.
The largest segment within this market is Personal Care, which is estimated to have a market volume of US$169.10m in 2024.
When compared globally, in the United States generates the most revenue in this market, with a total of US$100bn in 2024.
On a per capita basis, in Lithuania generates revenues of US$160.30 per person in 2024.
Looking specifically at online sales, it is expected that 22.7% of the total revenue in the Beauty & Personal Care market will be generated through online channels by 2024.
Lithuania's beauty and 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.