Beauty & Personal Care - New Zealand

New Zealand

The revenue of the Beauty & Personal Care market in New Zealand is projected to reach US$1,436.00m in 2024.
This market is expected to grow at an annual rate of 5.05% (CAGR 2024-2029).
The largest segment within the market is Personal Care, which is estimated to have a market volume of US$655.00m in 2024.
When compared globally, in the United States generates the highest revenue in this market, with US$100bn in 2024.
In terms of per capita income, in New Zealand generates US$272.40 per person in 2024.
Furthermore, it is predicted that online sales will account for 28.8% of the total revenue in the Beauty & Personal Care market by 2024.
"New Zealand's growing interest in natural and organic beauty products is driving the demand for locally sourced ingredients."

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.