Beauty & Personal Care - Sri Lanka

Sri Lanka

The Beauty & Personal Care market in Sri Lanka is projected to generate a revenue of US$1,460.00m in 2024.
This market is expected to experience an annual growth rate of 3.43% (CAGR 2024-2029).
The largest segment within this market is Personal Care, which is estimated to have a market volume of US$663.80m in 2024.
In comparison to other countries worldwide, in the United States leads in revenue generation, with a total of US$100bn in 2024.
When considering the population size, per person revenues in Sri Lanka are estimated to be US$66.53 in 2024.
Furthermore, online sales are projected to contribute 21.7% of the total revenue in the Beauty & Personal Care market by 2024.
Sri Lanka's beauty and personal care market is witnessing a growing demand for natural and organic products, driven by increasing consumer awareness and preference for sustainable and eco-friendly options.

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.