Definition:
The Beauty & Personal Care market refers to consumer goods for cosmetics and body care. This market includes various categories such as cosmetics, skin care, personal care, fragrances and beauty tech. Excluded categories are beauty services, such as hairdressers, and professional products. Products that primarily serve medical purposes are also excluded here but are shown as part of the OTC Pharmaceuticals market. All shown sales values refer to the retail value and include sales taxes.
Structure:
The market consists of 5 different segments:
Additional Information:
The market comprises revenue, average revenue per capita, sales channel. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
Market Insights report
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Feb 2025
SOURCE: Statista Market Insights
MOST_RECENT_UPDATE: Feb 2025
SOURCE: Statista Market Insights
MOST_RECENT_UPDATE: Feb 2025
SOURCE: Statista Market Insights
The Beauty & Personal Care market in Portugal is facing stagnant growth, influenced by factors such as shifting consumer preferences towards natural ingredients, increased competition, and economic challenges that limit discretionary spending on non-essential products.
Customer preferences: Consumers in Portugal are gravitating towards beauty and personal care products that emphasize sustainability and ethical sourcing, reflecting a broader cultural shift towards environmental consciousness. This trend is particularly pronounced among younger demographics who prioritize brands that align with their values, such as cruelty-free and eco-friendly practices. Additionally, the rise of social media influencers is shaping purchasing decisions, as consumers seek authenticity and peer validation in their beauty routines, driving demand for niche and artisanal brands.
Trends in the market: In Portugal, the Beauty & Personal Care market is experiencing a notable shift towards clean beauty products, with consumers increasingly favoring formulations that are free from harmful chemicals and synthetic additives. The rise of organic and natural ingredients is particularly appealing to health-conscious shoppers. Additionally, the influence of social media continues to drive trends, as platforms like Instagram and TikTok promote diverse beauty standards and encourage consumers to explore new brands. This growing demand for transparency and ethical practices is reshaping brand strategies, compelling industry stakeholders to innovate and adapt their offerings to meet evolving consumer expectations.
Local special circumstances: In Portugal, the Beauty & Personal Care market is uniquely influenced by the country's rich cultural heritage and emphasis on natural beauty. The Mediterranean climate fosters the use of locally sourced ingredients, such as olive oil and aloe vera, which are celebrated for their skincare benefits. Additionally, stringent EU regulations on cosmetics promote safety and transparency, aligning with consumer preferences for clean beauty. This cultural appreciation for authenticity, combined with a rising interest in sustainability, drives brands to innovate while honoring traditional practices, setting Portugal apart in the global market.
Underlying macroeconomic factors: The Beauty & Personal Care market in Portugal is significantly shaped by macroeconomic factors including consumer spending trends, economic stability, and global market dynamics. The country's robust tourism sector boosts demand for beauty products, as visitors seek local brands that emphasize natural ingredients and authenticity. Economic recovery post-pandemic has led to increased disposable income, encouraging consumers to invest in premium beauty products. Additionally, Portugal's commitment to sustainability aligns with global trends, as fiscal policies support eco-friendly practices, driving innovation in the sector. These factors collectively enhance market growth and competitiveness on an international scale.
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.NOTES: Based on data from IMF, World Bank, UN and Eurostat
MOST_RECENT_UPDATE: Jan 2025
SOURCE: Statista Market Insights