Beauty & Personal Care - Papua New Guinea

Papua New Guinea

In 2024, the Beauty & Personal Care market in Papua New Guinea is projected to generate a revenue of US$470.60m.
This market is expected to experience an annual growth rate of 4.33% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is estimated to have a market volume of US$220.40m in 2024.
When compared globally, in the United States is the leading contributor to the Beauty & Personal Care market, generating a revenue of US$100bn in 2024.
Considering the population size, the per person revenue in Papua New Guinea for 2024 is US$44.75.
Furthermore, it is projected that online sales will account for 16.0% of the total revenue in the Beauty & Personal Care market by 2024.
Papua New Guinea's beauty and personal care market is seeing a growing demand for natural and traditional skincare remedies rooted in the country's rich cultural heritage.

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.