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  4. Skin Care

Body - G20

G20
  • In the year 2024, the revenue generated in the Body market in G20 amounts to a significant US$17.93bn.
  • According to projections, this market segment is expected to experience an annual growth rate of 2.22% from 2024 to 2029, as calculated by the Compound Annual Growth Rate (CAGR).
  • When compared globally, it is worth noting that the highest revenue is generated China, with an impressive US$4bn expected in 2024.
  • This highlights China's dominant position within the Body market among the G20 countries.
  • To provide further context, when considering the per capita figures, it can be observed that in 2024, each person in the G20 countries generates revenues of approximately US$5.06.
  • This figure reflects the individual contribution to the overall revenue generated within the Body market.
  • In Brazil, there is a growing trend towards natural and organic body care products, as consumers are becoming more conscious about their health and the environment.

Definition:

The Body covers cosmetic products designed for care and protection of the skin. These incorporate all types of creams and lotions for the body, massage oil, hand and foot care. Excluded are face creams, sun protection, baby care and professional products and services.

Additional Information:

The market comprises revenue, average revenue per capita, and sales channels. 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.

In-Scope

  • Body lotions & creams
  • Body butter
  • Massage oil
  • Hand care
  • Foot care

Out-Of-Scope

  • Face care
  • Sun protection
  • Baby care
  • Professional products & services

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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