Beauty & Personal Care - Netherlands

Netherlands

In the Netherlands, the Beauty & Personal Care market is projected to generate a revenue of US$4.12bn in 2024.
With an annual growth rate of 1.19% (CAGR 2024-2029), the market is expected to continue expanding.
The largest segment within the market is Personal Care, which is estimated to have a market volume of US$2.00bn in 2024.
When compared globally, in the United States leads in revenue generation, with an expected revenue of US$101bn in 2024.
In terms of per capita revenue, each individual in the Netherlands is projected to contribute US$233.10 to the Beauty & Personal Care market in 2024.
Furthermore, online sales are anticipated to account for 48.8% of the total revenue in the Beauty & Personal Care market by 2024.
"Natural and organic beauty products are gaining popularity in the Netherlands as consumers prioritize sustainability and eco-friendly options."

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market in the Netherlands is witnessing a steady evolution, influenced by trends like sustainability, the rise of e-commerce, and heightened consumer interest in innovative products, despite a negligible decline in overall growth.

Customer preferences: Consumers in the Netherlands are increasingly prioritizing natural and organic ingredients in their beauty and personal care products, reflecting a growing awareness of sustainability and health. The demand for cruelty-free and eco-friendly packaging is also on the rise, as shoppers seek brands that align with their values. Additionally, the influence of social media has led to a preference for personalized beauty solutions, with many turning to online platforms for tailored recommendations and product reviews, further shaping their purchasing decisions.

Trends in the market: In the Netherlands, the Beauty & Personal Care market is experiencing a shift towards clean beauty, with consumers increasingly favoring products formulated with natural and organic ingredients. This trend underscores a heightened awareness of health and environmental sustainability. Concurrently, the demand for cruelty-free and eco-friendly packaging is gaining momentum, reflecting consumers' desire for brands that resonate with their ethical values. Furthermore, social media platforms are influencing purchasing decisions, driving a preference for personalized beauty solutions and tailored recommendations, which could reshape marketing strategies and product development for industry stakeholders.

Local special circumstances: In the Netherlands, the Beauty & Personal Care market is shaped by a strong cultural emphasis on sustainability and health consciousness. The country's commitment to environmental protection is reflected in stringent regulations promoting natural ingredients and eco-friendly packaging. Additionally, Dutch consumers prioritize transparency and ethical sourcing, influencing their purchasing behaviors. The prevalence of cycling as a primary mode of transport fosters a preference for lightweight, portable beauty products. This unique blend of cultural values and regulatory frameworks drives innovation and shapes brand strategies within the market.

Underlying macroeconomic factors: The Beauty & Personal Care market in the Netherlands is influenced by several macroeconomic factors, including consumer spending trends, economic stability, and fiscal policies promoting sustainability. The country's strong economic performance, characterized by low unemployment rates and rising disposable incomes, encourages consumers to invest in premium beauty products. Furthermore, the increasing global emphasis on sustainability drives Dutch brands to innovate with eco-friendly formulations and packaging. Additionally, the European Union's stringent regulations on cosmetic safety and environmental impact support a market environment that prioritizes ethical sourcing and transparency, aligning with consumer expectations for responsible consumption.

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.