Beauty & Personal Care - Luxembourg

Luxembourg

Luxembourg's Beauty & Personal Care market is projected to generate a revenue of US$217.30m in 2024.
With an expected annual growth rate of 3.00% (CAGR 2024-2029), the market is poised for steady expansion.
Among the various segments within the market, Personal Care stands out as the largest, accounting for a market volume of US$95.81m in 2024.
In comparison to other countries, in the United States leads the global market, generating a significant revenue of US$100bn in 2024.
When considering the population size, Luxembourg's per person revenue in the Beauty & Personal Care market is estimated to reach US$328.50 in 2024.
Furthermore, online sales are projected to play a significant role in the market's revenue, accounting for 36.6% of the total revenue by 2024.
This highlights the growing influence of e-commerce in the Beauty & Personal Care market industry.
Luxembourg's beauty and personal care market is characterized by a strong demand for luxury cosmetics and skincare 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.